South Africa’s rewards association gladly welcomes President Jacob Zuma’s acceptance of a no pay increase for all public office bearers, including himself.
The group said by accepting the recommendation, the president has proven that “those that govern us do not exist in a golden bubble”. Zuma on Tuesday, approved a 0% increase for the annual remuneration for public office bearers as was recommended by the Independent Commission for the Remuneration of Public Office Bearers for the 2016/2017 financial year.
The commission further recommended a 4% cost of living to the remuneration of local government and a 6% for all magistrates. The rewards association commended Zuma’s approval of this especially as the country battles economic challenge alongside an unstable currency. “The commission made a bold move in recommending a general wage freeze of SA Inc’s top executives‚ and the president has to be commended for acceding.
“This is a great example of nation-building because it sends a very direct message that those that govern us do not exist in a golden bubble‚ and that we are all in this together,” the association’s Mark Bussin said, adding that the decision also sends a very powerful signal to trade unions and public servants‚ and will set the tone for the next round of wage negotiations.
He warned big businesses to take note of the development as the “massive salaries paid to top executives and the gap between them and the lower ranks of employees has been a source of widespread dissatisfaction both in South Africa and in other countries.
“We are a very unequal society‚ and the fact that the economy is not growing is making this disparity even worse and ratcheting up social tensions. Those who lead the country and society need to exercise restraint‚ and this is an excellent foundation for rebuilding social trust and cohesion‚” he elaborated.
The Presidency said the zero percent adjustment would apply to all members of the national executive (president‚ deputy president‚ ministers and deputy ministers); all members of Parliament; all members of provincial executives and legislatures; all judges; local government (positions of executive mayors to whip); traditional leadership (from king/queen to full-time deputy chairmen of provincial houses of traditional leaders).