Proposed national minimum wage set at R3 500 per month and R20 per hour

The highly anticipated proposed national minimum wage has been set at R3 500 per month and R20 per hour.

The announcement - made by the National Economic Development Council Advisory Panel this weekend - is higher than the R2 700 figure preferred by the business sector.

702's John Robbie spoke to chairperson of Nedlac Advisory Panel, Professor Imraan Valodia, about what this means for South Africans, business and the economy.

He said that the figure was proposed with the emphasis of avoiding any job losses while increasing the earnings of low income workers.

The irony in this is to find how we can have a system that would help the workers who earn an extremely low wage without hurting them.

Prof Omraan Valodia, Nedlac Advisory Panel

The proposed national minimum wage will undergo further consultations from all sectors concerned before a final announcement is made.

Listen to the interview below:


This article first appeared on 702 : Proposed national minimum wage set at R3 500 per month and R20 per hour


Recommended

by NEWSROOM AI
Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

Visitors turned away from Table mountain due to strike

Visitors turned away from Table mountain due to strike

A wage dispute amongst Table Mountain cable way staff has led to a strike. Workers are denying visitors access to the mountain.

National minimum wage could stimulate the economy

National minimum wage could stimulate the economy

A panel of experts has been appointed to report on a proposed threshold for South Africa's minimum wage.

The debate on national minimum wages in South Africa

The debate on national minimum wages in South Africa

Tito Mboweni called for national minimum wages in South Africa. Listen to two diametrically opposing views debating this issue.

Why a national minimum wage is a good thing

Why a national minimum wage is a good thing

Economic Modeler, Dr. Asghar Adelzadeh has undertaken statistical modelling predicting the impact of a national minimum wage in South Africa.

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

7 suspects arrested in Joburg heist

7 suspects arrested in Joburg heist

EWN Reporter Barry Batemen says eight people including two bystanders were hurt in the heist.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Blind athlete sues popular winery after guide dog barred entry

Blind athlete sues popular winery after guide dog barred entry

Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

[LISTEN] Is it Yanny or Laurel? Test your ears!

[LISTEN] Is it Yanny or Laurel? Test your ears!

What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.