Share

Minimum wages may be hiked by more than 8%, according to govt proposal

accreditation
0:00
play article
Subscribers can listen to this article
Union members gathered outside of the Cape Town Civic Centre.
Union members gathered outside of the Cape Town Civic Centre.
Anele Mfazwe

The minimum wage could be hiked by more than 8% next year, according to a new proposal by the Department of Labour's National Minimum Wage (NMW) Commission.

The commission has proposed a hike of the consumer price index (CPI) plus 0.5% to 1%.

In November, CPI reached 7.4%. If a hike of CPI plus 1% is adopted, at the current inflation rate that would increase the minimum wage to around R25.13 per hour. For those working nine hours a day, this works out to a monthly wage of around R4 750.

The minimum wage was hiked by almost 7% in March 2023, from R21.69 to R23.19 an hour. For the first time, domestic workers earned the full minimum wage. In the past, their wages were set below the minimum wage.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Should the Proteas pick Faf du Plessis for the T20 World Cup in West Indies and the United States in June?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! Faf still has a lot to give ...
68% - 2028 votes
No! It's time to move on ...
32% - 972 votes
Vote
Rand - Dollar
18.65
-0.2%
Rand - Pound
23.33
+0.0%
Rand - Euro
19.96
-0.0%
Rand - Aus dollar
12.17
-0.2%
Rand - Yen
0.12
+0.5%
Platinum
958.90
-0.3%
Palladium
941.00
-1.5%
Gold
2,299.78
-0.9%
Silver
26.27
-1.4%
Brent Crude
83.44
-3.5%
Top 40
70,259
+0.5%
All Share
76,388
+0.4%
Resource 10
60,150
-1.8%
Industrial 25
106,319
+1.2%
Financial 15
16,763
+1.0%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE