No salary hikes for MPs, judges as Tito Mboweni trims public service wage bill Budget2020 BudgetSpeech2020
Mboweni also said the National Treasury would also be reining in the remuneration as well as financial incentives of CEOs and other top executives employed by state-owned firms.
Mboweni announced that government would in the next financial year table a bill that would set out a legal framework for the salaries of SOEs and other public entities. "The framework will improves alignment of pay scales with the public service, and contain excessive salaries and other payments." The minister had hoped that at least 30,000 civil servants aged 55 and above would take up his early retirement offer. He said of all government departments, only the SAPS had begun offering early retirement to police officers who were 55 years and older.
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