The South African Minimum Wage Conundrum: Equality vs Growth?

Author :

Professor Eric Schaling & Clare Michell

Pages :

30 pages

Product Type :

Background note

Reference # :

WBS-2017-10

Teaching Note :

not available

Institute:

Wits Business School - University of the Witwatersrand

Setting:

South Africa

Year:

2017

Keywords:

Finance, Economics, Economic policy

Summary/Abstract:

On 8 February 2017, parties to the National Economic Development and Labour Council (NEDLAC) signed an agreement on the introduction of a national minimum wage (NMW). The only party that refused to sign the agreement initially was the Congress of South African Trade Unions (COSATU), but it subsequently signed on 2 March 2017.