A disaster SA cannot afford, says small business
The proposed minimum hourly wage of R20 will kill small business job creation, says National African Federated Chamber of Commerce and Industry president Lawrence Mavundl
The proposed national minimum wage is an "unaffordable disaster" that will criminalise small business and punish the economy, says National African Federated Chamber of Commerce and Industry president Lawrence Mavundla. "On the one hand you’ve got unemployment, on the other hand you say people must pay so much and not less. "You are basically saying to those people they must not create jobs," said Mavundla, who represents 450,000 small businesses, including spaza shops and taxi operators. The national minimum wage panel, chaired by Wits University dean of commerce and law Imraan Valodia, has proposed a minimum hourly wage of R20, with exceptions for farm and domestic workers. In a 128-page report, the committee recommends the minimum wage be legislated in early 2017, with a two-year adjustment period. The Chamber of Mines said in reaction to Sunday’s announcement: "The minimum basic wage in the mining sector is at least double [the proposed national minimum wage]. "Standard benefits...
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