The headline inflation rate in May 2021 accelerated to 5.2 % year on year. The prices of food, transport, public transport and administered prices continue to drive inflation. Remember that inflation statistics refer to the past twelve months, while wage increases refer to the months to come.
Our trade union collective bargaining strategy input for 2021 looks at the minimum wage and settlement trends; the impact of Covid-19 on the economy and collective bargaining; the 2021 bargaining round; and bargaining for the future.
The headline annual inflation rate increased to 4.4% in April 2021 from 3.2% in March 2021. The Consumer Price Index (CPI) increased by 0.7% month-on-month in April 2021.
How do remuneration structures within companies exacerbate income inequalities? Our latest Directors’ Fees Report delves into the remuneration of directors in 78 South African Multinational Corporations and exposes the astronomical gap between the pay of bosses and their workers.