South African President Cyril Ramaphosa has signed the national wage bill into law, bringing the national minimum wage to 3,500 Rands or N91,225 per month.
As per hourly pay, the Act fixed the country’s minimum wage at $1.45 (N527) for every 60 minutes of human labour.
The president, who signed the bill into law on Monday, said the law was aimed at reducing inequality in the country, and advance living wage with the second biggest economy on the continent.
“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,” a statement from the office of the president read.
“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…
Read More…..The Cable News
