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South Africa Treasury Sees Debt Surge If Wage Deal Proceeds

  • Government opposing bid by unions to have pay increase paid
  • Treasury froze wages as part of strategy to reduce debt
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Photographer: Michele Spatari/AFP via Getty Images

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South Africa is opposing a bid by labor unions to compel the state to honor a public-service wage deal, warning the accord would lump the country with 37.8 billion rand ($2.2 billion) of additional debt.