The Salary and Remuneration Commission (SRC) has deferred salary review for all public officers in the 2024/25 financial year until further notice.
In a statement on Thursday, July 18, SRC noted that the move was due to budget cuts resulting from the withdrawal of the Finance Bill 2024.
“As a consequence of the emerging fiscal constraints and budget cuts emanating from the withdrawal of the Finance Bill, 2024, the Salaries and Remuneration Commission (SRC) has deferred the implementation of the salary review for all other public officers in the financial year 2024/2025 until further notice, contingent upon the availability of funding.
“This decision is informed by there being no allocated budget for the implementation of the advised remuneration and benefits for all other public officers for the financial year 2024/2025, and which was to take effect in July 2024,” SRC stated.
According to the commission, the decision was made in close consultation with the National Treasury to ensure the fiscal sustainability of the public compensation bill.
SRC further indicated that no additional funding will be provided for implementation of the job evaluation results in the financial year 2024/2025.
Additionally, the commission advised public service institutions with Collective Bargaining Agreements (CBA) that have been impacted by the move to engage their respective trade unions accordingly.
“SRC will continue to monitor the situation and consider a review subject to availability of funding, as shall be advised accordingly by the National Treasury,” SRC stated.
The move comes after SRC on July 3 froze the upward salary review of all state officers in the financial year 2024/25, citing a reduced budget and existing contractual commitments.
