THE Department of Education has sourced more than R2billion - which makes part of the money it needs to implement teachers' Occupation Specific Dispensation.
But it needs an extra R3billion.
South African Democratic Teachers' Union president Thobile Ntola said that the department made the announcement at a meeting it held with the union in Bloemfontein yesterday.
With just 17 days left to the start of matric exams, Sadtu had threatened to strike should the department fail to pay.
Sadtu signed an agreement on OSD with the department last month but Basic Education Minister Angie Motshekga announced that the department did not have that kind of money and that they would source it.
An OSD is a a system of salary progression.
Key aspects of the agreement include:
l A review of salary structures.
l Recognition of experience where teachers, with effect from July 1, will receive a 1percent increase for every three years of continuous service;
l All teachers will receive a 3percent pay rise backdated to July 1 and a 1percent annual pay progression thereafter; and
l Senior and master teachers will receive a once-off cash bonus of 3percent of their annual salary.
A task team was formed to source funds to pay for the increases agreed between the unions and the department on Monday.
"The agreement was signed. There is no re-negotiating or anything of that nature. They have come back to us with the money," Ntola said.