Mboweni pay hike 'appalling'

Johannesburg - Trade Union Cosatu on Friday said it was "absolutely appalled" that Reserve Bank Governor Tito Mboweni had been given a 27.5% pay rise. "For years the governor has been demanding that South Africans tighten their belts in the fight against rising inflation," the union said, adding that the bank has the "audacity to award Mboweni and other senior staff titanic salary increases". Mboweni has been... [read full story]