President Cyril Ramaphosa has signed into law the National Minimum Wage Bill, which sets a historic precedent in the protection of low-earning workers in South Africa.

The Bill provides a platform for reducing inequality in society and decreasing huge disparities in income in the national labour market.

The National Minimum Wage Act sets South Africa’s first National Minimum Wage at R20 an hour, equivalent to R3 500 per month, depending on the number of hours worked.

The Presidency said in a statement:

“The President’s signing of the new law comes four years, to the month, after the National Economic Development and Labour Council (Nedlac) first began deliberations on the protection of low-paid workers, fair and effective competition in the labour market, and the challenges of labour instability, caused by violent strikes and the duration of strikes and wage inequality.”

Cyril Ramaphosa on the NMW.

As you may know, the Nigeria Labour Congress in currently battling with the Federal Government on pegging the country's New national Minimum wage at N30,000.

More News At: https://ArcticReporters.com