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ARTICLE · 18 MARCH 2024

Aligning Annual Wage Increments With External Realities

South African businesses faced a multitude of challenges during the preceding financial year. Load shedding posed a significant obstacle, disrupting operations and increasing costs.

South AfricaEmployment and HR

South African businesses faced a multitude of challenges during the preceding financial year. Load shedding posed a significant obstacle, disrupting operations and increasing costs. The railway freight logistics sector also grappled with security challenges, including cable theft, vandalism, and track theft. These security breaches disrupted schedules and inflated transportation costs and had a cascading effect on some sectors, which rely heavily on efficient and secure freight transportation.

South African businesses face a complex and multifaceted challenge, further compounded by factors such as the construction sector's struggle with organised crime, commonly referred to as the “construction mafia.” This confluence of various factors creates a climate of significant operational hurdles for companies across multiple industries. While each of these issues, such as load shedding and security breaches on the railway network, poses a formidable obstacle, their

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