National Minimum Wage comes into effect
The minimum wage would put more money into workers pockets at a time when workers are facing a 1 per cent VAT increase (to 15 per cent) as well as rising price increases coupled with increasing levels of unemployment and retrenchments.
THE National Minimum Wage was introduced on Tuesday and will strive to overcome a legacy of poverty and severe inequality said President Cyril Ramaphosa.
The minimum wage is now set at R20 an hour and translates to R3 500 a month (depending on the number of hours worked).
“This is a great achievement for the working people of South Africa, who have had to endure generations of exploitation,” he said late last year.
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The minimum wage would put more money into workers pockets at a time when workers are facing a 1 per cent VAT increase (to 15 per cent) as well as rising price increases coupled with increasing levels of unemployment and retrenchments.
At the time of the announcement, Cosatu President Zingiswa Losi said it was a historic achievement for workers.
“The minimum wage and labour acts are historic achievements for workers. They are a result of decades of struggle by workers, the national minimum wage will see the wages of 6.4 million of the most vulnerable workers including retail, and other impoverished workers rising. This is equal to 47 per cent of workers, in simple terms half the nation will benefit from this directly,” she said.
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