Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

petrolpumpNews24Wire reports that government will in two weeks’ time announce a package of economic measures to cushion the public from the crippling effects of high fuel price hikes and the recent VAT increase.  

President Cyril Ramaphosa said on Friday that a panel made up of various stakeholders from the economic cluster had been tasked with drafting the package.  He said government acknowledged that the people were reeling from the effects of fuel price increases.  “We will be announcing a package of measures to ease the burden of the price increase, this would include the finalisation of the VAT exempt products,” Ramaphosa indicated.  He urged retailers and the transport sector to hold off price increases while the plan was being drafted.  The Minister of Finance, Nhlanhla Nene, said the panel had met on Thursday night and was due to meet again on Friday.  He commented:  “I think everyone realises that the people are suffering, therefore there is a need to address the matter with urgency.”


Get other news reports at the SA Labour News home page