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
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.
The Money Show’s Bruce Whitfield interviews the famed activist about his attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews the Accountability Now director about his book, “Confronting the Corrupt”.
Looking for a hot tip (or three)? Small and Medium Market Cap Analyst Anthony Clark reckons you’d do well to look into these...
The rise of populism… Donald Trump… a new leadership role for China… a fragile European Union… 2017 WEF - It’s a wrap!
Only six, far richer, countries have CEOs that are better paid than those in South Africa, according to Bloomberg.
Use this calculator to compare your salary to the world average and averages of 72 countries (including South Africa).
John Maytham interviews EWN’s Barry Bateman about the allegations against the Acting National Police Commissioner.
Capetonians are accustomed to seeing whales playing along the coast, but it is very rare to hear of orcas in the Langebaan Lagoon.
The latest figures show dam levels at 36.8%, which means they could run almost empty by the time 2017 the winter rains come.
Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.
Cape Town residents are concerned that residents might be wasting water and lying about having boreholes by using fake signs.
Chuma spends her days making art and her nights on a bench in The Company's Garden in Cape Town where she displays her artwork.