For the poorest of the poor; the R20 per hour is going to be a huge relief.— Nicolette Nicholson, SA Payroll Association
With the national minimum wage… we will see retrenchments… we could potentially see businesses close down… especially in the drought-stricken Western Cape…— Nicolette Nicholson, SA Payroll Association
The term “minimum wage” refers to the smallest amount an employer may legally pay its employees.
Some people think the minimum wage should be raised so poor workers will have more money.
Others warn that raising the minimum wage will cause Government’s wage bill to increase, causing tax hikes.
There is also fears that raising the minimum wage will see companies retrench workers and/or become reluctant to hire more employees.
South Africa’s minimum wage is set to be implemented by May 2018.
It is set at R3500; translating to R20 per hour over a typical work month.
For more detail; listen to the interview in the audio below (and/or scroll down for more quotes from it).
National Treasury consulted a number of stakeholders [to arrive at R20 per hour].— Nicolette Nicholson, SA Payroll Association
Labour legislation is contradictory… there will be quite a bit of unintended consequences…— Nicolette Nicholson, SA Payroll Association
The poorest of the poor is excited about the R20.— Nicolette Nicholson, SA Payroll Association
There are a lot of female headed households… quite a number of them will be happy with the R3500 per month… because many of them earn R1500…— Nicolette Nicholson, SA Payroll Association
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Werksmans Attorneys Director Dr Eric Levenstein.
The Money Show’s Bruce Whitfield interviews Ross Kata (Expedia Area Manager for Africa, Indian Ocean and Israel).
The Money Show’s Bruce Whitfield interviews Airports Company South Africa (Acsa) CEO Bongani Maseko.
The Money Show’s Bruce Whitfield interviews RMB Fixed Income Specialist Gordon Kerr.
Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.
The Money Show’s Bruce Whitfield interviews Steve Binnie, CEO of the world’s largest producer of dissolving wood pulp.
We thought we'd let you in on some facts about sought after, award-winning journo Jacques Pauw, author of The President's Keepers.
Shower Savvy is a Jerry can look-alike that one can stand on while taking a shower which stores up to 10 litres of grey water.
A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.
Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.
Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.
Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?