S. African Ruling Party Calls Emergency Talks on State Wages

(Bloomberg) -- The leadership of South Africa’s ruling party called an emergency meeting to discuss the government’s plans to curb its wage bill -- a move that has angered its labor-union allies.The National Treasury proposed in the budget on Wednesday that pay increases, benefits and promotions for the nation’s 1.3 million civil servants be limited, with a view to saving the state 160 billion rand ($10.4 billion) over the next three fiscal years. Unions rejected the move, sayi