Public-sector unions threatened on Wednesday to increase their pay demand to 12% if the government withdraws its R28-billion package. "The minister wants to open Pandora's box. Labour can also play this game," the Congress of South African Trade Unions said.
<li><a class='standardtextsmall' href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-Business&ao=122224">Unions expect 800 000 to march</a>
<li><a class='standardtextsmall' href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-Business&ao=122182">Cosatu throws weight behind strike</a>
The interests of the country will be central to any decision on the strength of the rand, South African Reserve Bank Governor Tito Mboweni said on Wednesday.
He was addressing mine and textile workers protesting in Pretoria against job losses resulting from the currency's strength.
<li><a class='standardtextsmall' href="http://www.mg.co.za/Content/l3.asp?ao=120185">Union asks for urgent rand summit</a>
<img src="http://www.mg.co.za/ContentImages/41909/10-X-Logo.gif" align=left>With just over 88,2% of votes captured by early Friday morning, the African National Congress has nearly garnered 70% of the votes. With the preliminary count updated at 3am, the ruling party was heading the national race with 9,39-million of the votes counted, which translates into 69,67% -- continuing to make gains on its apparent two-thirds majority.