Proposed national minimum wage set at R3 500 per month and R20 per hour

The highly anticipated proposed national minimum wage has been set at R3 500 per month and R20 per hour.

The announcement - made by the National Economic Development Council Advisory Panel this weekend - is higher than the R2 700 figure preferred by the business sector.

702's John Robbie spoke to chairperson of Nedlac Advisory Panel, Professor Imraan Valodia, about what this means for South Africans, business and the economy.

He said that the figure was proposed with the emphasis of avoiding any job losses while increasing the earnings of low income workers.

The irony in this is to find how we can have a system that would help the workers who earn an extremely low wage without hurting them.

Prof Omraan Valodia, Nedlac Advisory Panel

The proposed national minimum wage will undergo further consultations from all sectors concerned before a final announcement is made.

Listen to the interview below:

Read More
Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

Visitors turned away from Table mountain due to strike

Visitors turned away from Table mountain due to strike

A wage dispute amongst Table Mountain cable way staff has led to a strike. Workers are denying visitors access to the mountain.

National minimum wage could stimulate the economy

National minimum wage could stimulate the economy

A panel of experts has been appointed to report on a proposed threshold for South Africa's minimum wage.

The debate on national minimum wages in South Africa

The debate on national minimum wages in South Africa

Tito Mboweni called for national minimum wages in South Africa. Listen to two diametrically opposing views debating this issue.

Why a national minimum wage is a good thing

Why a national minimum wage is a good thing

Economic Modeler, Dr. Asghar Adelzadeh has undertaken statistical modelling predicting the impact of a national minimum wage in South Africa.

Popular articles
Mcebisi Jonas refuses to be drawn on rumours of Finance Ministry reshuffle.

Mcebisi Jonas refuses to be drawn on rumours of Finance Ministry reshuffle.

Deputy Finance Minister says Gordhan will deliver a pro-poor budget on Wednesday 22 February in Parliament.

Makasi seeks legal advice for being called Nomvula Mokonyane's 'Ben 10'

Makasi seeks legal advice for being called Nomvula Mokonyane's 'Ben 10'

Central Energy Fund chairman, Luvo Makasi, has denied a City Press report that he calls shots in the Water Affairs Department.

Eusebius McKaiser: Where the hell were you in the making of JZ, Mathews Phosa?

Eusebius McKaiser: Where the hell were you in the making of JZ, Mathews Phosa?

Eusebius McKaiser uses Open Line to send a message to former ANC Treasury who has recently urged Zuma to step down.

Does God exist? A debate

Does God exist? A debate

Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.

The benefits (or dangers) of eating once a day

The benefits (or dangers) of eating once a day

Dietitian lambasts author of book punting one meal a day, but trained vet remains firm that humans historically ate like this.

Opinion: Xolani Gwala weighs in on tax hike speculation

Opinion: Xolani Gwala weighs in on tax hike speculation

Democratic Alliance (DA) has announced that it expects Finance Minister Pravin Gordhan to increase personal income tax.

Xenophobia fears simmer in Tshwane

Xenophobia fears simmer in Tshwane

Foreign nationals say police are not protecting them after houses were set alight by angry community members.

You can replace Gordhan with a dog and it would do as good a job - senior journo

You can replace Gordhan with a dog and it would do as good a job - senior journo

Financial journalists Duma Gqubule and Sikhonathi Mantshantsha debate Brian Molefe's eligibility to head National Treasury.

Molefe should reject MP offer (if he stands for excellence)- Eusebius McKaiser

Molefe should reject MP offer (if he stands for excellence)- Eusebius McKaiser

Eusebius McKaiser says if Brian Molefe accepts the offer it would reinforce the idea that he has been a wolf in sheep's clothing.