The Minister of Finance Enoch Godongwana announced during his Mid-Term Budget Policy Speech that the government will set aside R11 billion for early retirement.
The Finance Minister Enoch Godongwana announced that R11 billion will be set aside to encourage older government workers to retireHe said that Cabinet has approved the budget, and it would ease the pressure on the wage bill, which stands at R298 billionIncrease in patients getting harmed in Gauteng hospitals due to population growth
Godongwana's R11 million allocation to encourage senior civil servants to retire earlier will ease the pressure on the wage bill, which is set to be R298 billion over the mid-term expenditure framework. During his delivery of the Mid-Term Budget Policy Speech, he said theGodongwana added that the programme also aims to reduce government employment costs and promote younger people's entry into the public service.
Godongwana revealed that those who apply for early retirement would not be penalised, and the government is aimed at offering 30,000 qualifying government employees voluntary separation packages. He also revealed that the government is in negotiations with unions over aTebogo Mokwena is a Current Affairs Editor at Briefly News. He has a Diploma in Journalism from ALISON.
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