S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
All the trading advice you’ve ever received boils down to this (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
All the trading advice you’ve ever received boils down to this (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

South African government workers demonstrate for higher pay


Civil servants take part in a protest march in Pretoria, Tuesday, Nov. 22, 2022. Seven unions in the public service face an uphill battle as they press on with their national day of action which will be the country's third national one-day strike by organised labour this year alone. (AP Photo/Alet Pretorius)

PRETORIA, South Africa (AP) — Thousands of South African government workers took part in nationwide demonstrations on Tuesday to demand a 10% increase in their salaries.

Negotiations between public sector unions and the government are deadlocked. The government is resolved to unilaterally implement a 3% pay hike, which hasn't satisfied the unions.

Traffic came to a standstill in Pretoria, one of South Africa's three capitals, as workers downed tools and marched to the offices of the national treasury to submit their demands.

The government has announced a no-work-no-pay principle for workers who took park in the demonstrations, but this did not deter them from staging demonstrations across the country’s major cities.

This was a second round of demonstrations after the Public Service Association, which represents over 200,000 public servants, initially declared a dispute with the government.

The wage dispute has now escalated, with up to 800,000 workers rejecting the government's pay increase.

While the government only reported minimal disruptions to services at government institutions like hospitals, further demonstrations may follow if an agreement is not reached.

The volatile situation in South Africa's public service is among many challenges faced by the government, including an unemployment rate of over 30%.

Ongoing power blackouts have added to the country’s economic woes. An estimated 2 million workers lost their jobs during the COVID-19 pandemic.

Employment minister Thulas Nxesi, a former trade unionist, was booed by workers as he arrived to receive the memorandum of demands.

Mike Shingange, deputy president of the Congress of South African Trade Unions, told workers that it was unacceptable that they continue working without any increase in their pay.


Shingange said the unions would continue mobilizing more workers to join nationwide pickets to force the government back to the negotiation table.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Featured Articles and Offers

Search Headlines:

My Account -