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Minimum wage: Unemployment, job cuts could soar

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Johannesburg - Labour Minister Mildred Oliphant is worried about the number of retrenchments that might follow after the implementation of the national minimum wage, which labour federation Cosatu is seeking to implement as early as January.

This comes in the same week Oliphant presented her report to an ANC meeting at Luthuli House to seek guidance on the matter from, among others, President Jacob Zuma.

Oliphant said that what was left now was simply to agree on what the figure should be. Trade unions want an immediate agreement and implementation of a minimum wage, but business has been accused of stalling and not attending meetings to finalise talks with all stakeholders.

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