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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCosatu Welcomes Proposal for CPI+1% Minimum Wage Increase
- Union Cosatu said domestic workers will be the biggest beneficiaries of the proposed increase to the National Minimum Wage to come into effect next year.
- Cosatu has welcomed the move by the National Minimum Wage Commission which has proposed a CPI plus one percent increase.
- If CPI remains at 5% this could mean a 6% increase in the national minimum wage from R21.69 to R23. This would mean an increase from R19.09 to R23 for domestic workers.
- Parks said the commission and the department of employment and labour must move with speed to ensure implementation.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.