THE SOUTH AFRICAN CABINET APPROVES R20 AN HOUR NATIONAL MINIMUM WAGE

THE SOUTH AFRICAN CABINET APPROVES R20 AN HOUR NATIONAL MINIMUM WAGE

JOHANNESBURG – The South African Cabinet has approved draft legislation to introduce a minimum wage of R20 per hour from May next year, the Ministry of Labour said on Thursday.

Credit ratings agencies have said a minimum wage could help stabilise the labour market and reduce the number of costly strikes in Africa’s most industrialised economy.

Deputy President Cyril Ramaphosa said in February that the new minimum wage would come into force next year, and Cabinet’s decision brings its introduction one step closer.

The National Minimum Wage Bill must still be approved by South Africa’s Parliament before it becomes law, the ministry said in a statement.

The ministry said the new wage legislation, as well as bills on basic employment conditions and labour relations, would help address labour instability and wage inequality.

More than two decades after the end of apartheid in 1994, South Africa’s economy is still characterised by deep inequality and high levels of unemployment.

Supporters of a minimum wage say it can reduce inequality and stimulate growth as workers can spend more. But critics say it could lead to increased unemployment as some employers will be unable to afford higher wage bills.

Reuters

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 2012 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

Nigerian Asylum seekers accuse Germany of inhumane bias

Nigerians seeking asylum in Germany say the country is biased and not humane for attempting to deport them next year. Some of the 12, 000 Nigerians who are seeking asylum

Business 0 Comments

Richard Branson congratulates Nigerian whiz kid, Nasir Yammama, on making ‘prestigious Forbes list’

British entrepreneur Richard Branson on Friday took to Twitter to rejoice with Nigeria’s fast-rising creative technologist for making the 2017 Forbes Africa’s “30 Under 30.” Nasir Yammama, who hails from

Community 0 Comments

BOEREWORS IS SOUTH AFRICAN TRADITIONAL BRAAI

Recently, I saw some people walking barefoot in the local supermarket. This phenomenon comes along quite often, and my initial reaction was to offer assistance. “Did someone take your shoes?”,

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply