National minimum wage bill signing imminent, says presidency
The signing into law of the national minimum wage bill, which was passed by the National Council of Provinces in August 2018, is “imminent”, says presidency spokesperson Khusela Diko. Organised labour has been frustrated by delays encountered since the agreement to introduce the R20-per-hour minimum wage rate was signed in February 2017. The targeted implementation date of May 1 failed to materialise, leading Cosatu to warn that the minimum wage rate was depreciating in value while President Cyril Ramaphosa delayed signing it into law. The national minimum wage bill is part of a package that includes amendments to the Basic Conditions of Employment Act and Labour Relations Act. Since the bills were published in November 2017, there have been countless fuel hikes and a VAT increase to 15% from 14%, which came to effect on April 1. On Monday, Diko told Business Day the three labour bills sent to Ramaphosa on August 30 would be signed soon.
Diko added that the delay was caused by...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.