https://newsletter.en.creamermedia.com
Africa|SECURITY
Africa|SECURITY
africa|security

South Africa raises minimum hourly wage by 9.6%

22nd February 2023

By: Bloomberg

  

Font size: - +

South Africa’s minimum hourly wage will increase by 9.6% to R25.42 from next month.

The increase outstrips the central bank’s inflation forecast of 5.4% for the year. The announcement on Tuesday in the Government Gazette by Labour Minister Thulas Nxesi was made a day before Finance Minister Enoch Godongwana will present the nation’s budget in which projections for the state’s wage bill will be closely watched.

Under President Cyril Ramaphosa ,South Africa officially introduced a national minimum wage in January 2019 to protect workers from “unreasonably low wages.”

While it’s aimed at reducing the pay gap in one of the world’s most unequal societies, it’s unlikely to have an impact on the living standards of a large part of the population where 33% of the people in the labor market is unemployed.

The increase could threaten food and job security and further strain already hard-pressed producers, Agri SA, a farm lobby group said in an emailed statement.

Edited by Bloomberg

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.068 0.163s - 186pq - 2rq
Subscribe Now