for subscribers

Proposed R3 500 minimum wage sparks heated debate

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg – Experts are divided on whether a proposed minimum wage is a positive development for South Africa's economy. 

On Sunday, Deputy President Cyril Ramaphosa announced the proposal of a National Minimum Wage of R3 500 at a press briefing at the National Economic Development and Labour Council (Nedlac) offices.

This is R20 per hour. Various social partners, including unions, government and business, will deliberate on the findings of the NMW report which was compiled by a panel of experts. 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.45
(-0.25)
ZAR/GBP
22.87
(-0.49)
ZAR/EUR
20.61
(-0.16)
ZAR/AUD
12.48
(-0.22)
ZAR/JPY
0.16
(-0.51)
Gold
1947.42
(-0.48)
Silver
26.73
(-2.57)
Platinum
945.00
(-1.46)
Brent Crude
45.01
(-1.03)
Palladium
2149.00
(-0.89)
All Share
57101.13
(-0.55)
Top 40
52787.64
(-0.55)
Financial 15
10097.02
(-1.27)
Industrial 25
75017.22
(-0.96)
Resource 10
59268.29
(+0.18)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 997 votes
It depends on how the funds are used.
74% - 6696 votes
No. We should have gotten the loan elsewhere.
15% - 1406 votes
Vote