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: