3,500-RAND MONTHLY MINIMUM WAGE PROPOSED FOR SOUTH AFRICA
South Africa’s National Economic Development and Labour Council (Nedlac) has proposed a national minimum wage of 3,500 Rand (about 250 US dollars) per month.
The proposed minimum wage was announced by Deputy President Cyril Ramaphosa at a media briefing here Sunday.
Ramaphosa appointed a panel of experts to advice on an appropriate level at which the national minimum wage should be set.
“The panel are proposing that the national minimum wage in South Africa, which will have national coverage with the few exceptions that they will deal with, should start off at 3,500 Rand per month which amounts to 20 Rand per hour,” the Deputy President said.
The chairman of the Advisory Panel, Professor Imraan Valodia of the University of the Witwatersrand, said the proposed minimum wage would address inequality and boost economic growth.
“It is quite striking that something around 47 per cent of South Africans who do have work earn a (monthly) wage below 3,500 Rand. We think as well from this evidence, policy can take us some way towards addressing the issues of inequality in South Africa,” he added.
Source: NAM NEWS NETWORK.