Free Trial

Minimum Wage Commission Suggests 4.5% Increase for 2021

SOUTH AFRICA
  • National Minimum Wage Commission recommends that the 2021 min wage be increased from R20.76/hr to R21.68
  • Equates to 4.5% rise & 1.5% above inflation
  • Majority of the decision panel said the "modest real increase seem unlikely to aggravate the downturn and could assist by working in tandem with other measures to stimulate the economy"
  • Decision to implement the wage increase comes from the employment & Labour Min, but may come under pressure from Govt in line with the fiscal consolidation drive - BusinessTech
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.