We have been involved in the pay talks for the 2023-24 pay year.
Your negotiating team consists of the elected SA Executive committee.
We carried out our own research and requested data from NHBC to support our talks.
The economic position
Inflation is currently running at a 40-year high, and we know this is affecting your household budgets in the same way it is affecting ours. As we entered our negotiations early, we used forecasts which show that inflation is expected to fall sharply from the middle of 2023, perhaps to around 4-5% by the end of the year and then continuing to fall in 2024.