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
Saica to launch KPMG probe (not so fast, says IRBA)

Saica to launch KPMG probe (not so fast, says IRBA)

The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

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
Ocean View protests Day 3: Police use water cannon to disperse crowd

Ocean View protests Day 3: Police use water cannon to disperse crowd

The community is demanding that the police act accordingly and remove gangsters from their community.

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.