South Africa offers R11 billion to 30,000 civil servants for early retirement to cut costs.

South Africa's Finance Minister Enoch Godongwana has announced a R11 billion plan to encourage 30,000 civil servants to retire early over two years. The plan aims to cut public sector wages and improve state organization, but economists argue it's a temporary fix. They say the government should focus on restructuring its functions, particularly reviewing the National Skills Fund, Social Security, and Unemployment Insurance Fund, to promote growth and development.

November 11, 2024
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