Business Unity SA (Busa) says it will "closely interrogate" the National Economic Development and Labour Council (Nedlac) advisory panel report on the proposed new national minimum wage. "We will need to consult diligently with members to understand the potential impact of the recommendation on different sectors and types of businesses," the organisation said on Tuesday. "We need to closely interrogate the report in relation to the wage and employment trade-off. In studying the report, Busa will carefully consider our shared interests as a country in addressing poverty, and inequality, without compromising employment given tough economic conditions." Busa, which is on Nedlac’s committee of principals, said it was important to remember that the minimum wage initiative was one mechanism among several to reduce poverty and inequality and that employment was the best mechanism address this. The organisation would respond to the report at the next committee meeting. The release of the Ne...
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