The South African Minimum Wage Conundrum: Equality vs Growth?
Professor Eric Schaling & Clare Michell
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Wits Business School - University of the Witwatersrand
Finance, Economics, Economic policy
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.