National basic wage a pro, con balancing act

As a panel set up by Deputy President Cyril Ramaphosa to advise on the national minimum wage held its first meeting this week, Moody's ratings agency said it was monitoring the outcome of the discussions. The national minimum wage itself is not a key driver of a ratings assessment, but "in the case of South Africa, what matters is if and how it would affect key drivers of the rating, which are the growth recovery, stabilisation of government debt ratios and the strength of South Africa's instit...