South Africa To Increase Minimum Wage To $260 (N130,000)
[caption id="attachment_16503" align="alignnone" width="720"]Cyril Ramaphosa, Deputy President of South Africa[/caption]
Cyril Ramaphosa, Deputy President of South Africa[/caption]
The South African government has announced plans to increase its National minimum wage from $60 (30,000) to $260 (N130,000).
Deputy President of South Africa, Cyril Ramaphosa, announced this today after holding negotiations with some leaders of the labor unions.
According to Reuters, the new minimum wage regime would take effect from May 2018.
RELATED
Advertisement
“The balance we have sought to strike is that it must not be too low, so that it doesn’t affect the lowest paid workers, but not too high that it leads to massive job losses” Ramaphosa told a news conference.
Ramaphosa said the national minimum wage, which equates to 20 rand ($1.50) per hour, would come into effect in May 2018.
