Will a Wage Bargaining Stalemate Threaten Growth

The Deputy Governor of the Reserve Bank Daniel Mminele has warned that the country’s GDP growth rate might fall below 2% if there is a deadlock in wage negotiations. It is already hard to see how there can be any job creation at a 2% level, and yesterday’s numbers from Adcorp suggest that we are continuing to shed labour. How seriously should we take this warning? We asked our experts……

Today’s newsletter contains comment from Russell Lamberti of ETM, Luke Doig from Credit Guarantee and Adcorp’s Loane Sharp.

ZA Confidential is a subscription newsletter. For details on how to subscribe, contact: zaconfidential@gmail.com


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: