Anger, disbelief (and praise!) for recommended R3500 national minimum wage

If the research is correct [that 47% of workers earn less than R3500]; it’s going to make a very big difference.

Chris Todd, Bowmans

International experience have shown that few [employed] people will get laid off because of this. The unemployed, however, might find it more difficult to find an entry-level job.

Chris Todd, Bowmans

The introduction of minimum wages in agriculture was very detrimental to employment.

Dr Azar Jammine, Econometrix

Deputy President Cyril Ramaphosa released a report about minimum wages on Sunday.

In it the authors propose a national minimum wage of R3500.

The report provoked anger and disbelief among some while others hailed it as a good recommendation.

The Money Show’s Bruce Whitfield interviewed Chris Todd, Head of Employment at Bowmans and Econometrix's Dr Azar Jammine.

Listen to the audio below for the frank analysis (and/or scroll down for more quotes from it).

You have to back it up with research about what the impact will be.

Chris Todd, Bowmans

Many industries operate with minimum wages.

Chris Todd, Bowmans

Government recognises that excessive wage demands – relative to productivity - lead to unemployment.

Dr Azar Jammine, Econometrix

There’s a huge groundswell of support for a national minimum wage.

Dr Azar Jammine, Econometrix

R3500 is low enough to not cause massive mechanisation.

Dr Azar Jammine, Econometrix

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Brian Molefe must fall! – ANC leadership

Brian Molefe must fall! – ANC leadership

The Money Show’s Bruce Whitfield interviews labour analyst Terry Bell.

Michael Fridjhon (South Africa’s foremost wine expert) opens up about money

Michael Fridjhon (South Africa’s foremost wine expert) opens up about money

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money.

Jay Naidoo begs for change (now, or we’re 'heading for an explosion')

Jay Naidoo begs for change (now, or we’re 'heading for an explosion')

Bruce Whitfield interviews former Minister (1994 – 1999) Jay Naidoo about his new book “Change - Organising tomorrow, today”.

3 best investments on the JSE right now (by Ashburton Fund Managers)

3 best investments on the JSE right now (by Ashburton Fund Managers)

Looking for stock picks? The Money Show’s Bruce Whitfield interviews Fund Manager Jason Forssman.

South African CEOs are 7th best paid in the world (best pay-to-average-income)

South African CEOs are 7th best paid in the world (best pay-to-average-income)

Only six, far richer, countries have CEOs that are better paid than those in South Africa, according to Bloomberg.

Do you really earn peanuts? Use this handy salary comparison calculator

Do you really earn peanuts? Use this handy salary comparison calculator

Use this calculator to compare your salary to the world average and averages of 72 countries (including South Africa).

Popular articles
Cape Town's flexi work hours an 'absolute hit'

Cape Town's flexi work hours an 'absolute hit'

Tax advisory company Grant Thornton has extended remote working and flexible staff hours since the City's announcement.

Read Spur CEO Pierre van Tonder's open letter to Solidarity's Dirk Hermann

Read Spur CEO Pierre van Tonder's open letter to Solidarity's Dirk Hermann

"Dear Dirk, I refer to your open letter published on Maroela Media on 23 May in which you make some contentious statements..."

Grade 6 pupil falls to his death at Edgemead Primary

Grade 6 pupil falls to his death at Edgemead Primary

MEC for Education at Western Cape says an investigation will be launched into the school tragedy.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.