National minimum wage shouldn’t compromise employment: Busa
Business Unity South Africa (BUSA) on Tuesday said it will “closely interrogate” the National Economic Development and Labour Council (Nedlac) report on the national minimum wage “in relation to the wage and employment trade-off”. “We will need to consult diligently with members to understand the potential impact of the recommendation on different sectors and types of businesses‚” a statement said.The organisation said it had to “carefully consider our shared interests as a country in addressing poverty‚ and inequality‚ without compromising employment given tough economic conditions”.“It is important to remember that the minimum wage initiative is one mechanism among several to reduce poverty and inequality‚ and that employment is the best mechanism to address this‚” Busa said. The organisation did‚ however‚ note its pleasure “with the progress on labour relations stability and the manner in which constituencies have earnestly engaged on the issues in Nedlac”.“Business welcomes the significant progress made between social partners to address prolonged and violent strike action‚ without undermining the right to strike. This will go a long way towards securing a more stable labour relations environment‚” it said.Deputy President Cyril Ramaphosa said on Sunday that the proposed national minimum wage is R3500 per month.– TMG Digital..
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.