The alliance combines retail reach with banking infrastructure, but turning grocery shoppers into active account holders will determine its success.
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SAFTU has called a 3.5% salary increase for public office-bearers insensitive.
President Cyril Ramaphosa has approved salary increases of 3.5% for ministers, MPs, premiers and provincial legislators for the 2026/27 financial year. The increases are backdated to 1 April 2026.
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Also reported by The Citizen
South Africa’s unemployment rate has risen to 33.7%, leaving 8.6 million people without work. Yet President Cyril Ramaphosa has approved 3.5% salary increases for ministers, MPs and provincial politicians.
