For the poorest of the poor; the R20 per hour is going to be a huge relief.— Nicolette Nicholson, SA Payroll Association
With the national minimum wage… we will see retrenchments… we could potentially see businesses close down… especially in the drought-stricken Western Cape…— Nicolette Nicholson, SA Payroll Association
The term “minimum wage” refers to the smallest amount an employer may legally pay its employees.
Some people think the minimum wage should be raised so poor workers will have more money.
Others warn that raising the minimum wage will cause Government’s wage bill to increase, causing tax hikes.
There is also fears that raising the minimum wage will see companies retrench workers and/or become reluctant to hire more employees.
South Africa’s minimum wage is set to be implemented by May 2018.
It is set at R3500; translating to R20 per hour over a typical work month.
For more detail; listen to the interview in the audio below (and/or scroll down for more quotes from it).
National Treasury consulted a number of stakeholders [to arrive at R20 per hour].— Nicolette Nicholson, SA Payroll Association
Labour legislation is contradictory… there will be quite a bit of unintended consequences…— Nicolette Nicholson, SA Payroll Association
The poorest of the poor is excited about the R20.— Nicolette Nicholson, SA Payroll Association
There are a lot of female headed households… quite a number of them will be happy with the R3500 per month… because many of them earn R1500…— Nicolette Nicholson, SA Payroll Association
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.
Recommendedby NEWSROOM AI
Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.
Ray White interviews Lebogang Montjane (Independent Schools Association) about private education and independent schools.
"The Science Of" is a popular feature that aims to demystify complicated concepts and hot topics. These were 2018’s best ones.
Bruce Whitfield interviews Marius Coetzee (CEO at biometric ID control company Ideco) about the science of facial recognition.
The Money Show’s Bruce Whitfield interviews Andrew Woodburn, Managing Director at Amrop Woodburn Mann.
The Legalese Director doesn't look like a lawyer. His “law firm”, he insists, is not a law firm. Bruce Whitfield interviews him…
The former SABC COO insists that Bosasa gave him more than R1.1 million to fight his legal battles for nothing in return.
Ombudsman for Banking Services Reana Steyn says the new system requires consumers to electronically authorise each debit order.
This comes after a car that was drag racing on the national road was involved in a horrific accident on Monday morning.