{"id":220165,"date":"2018-01-19T16:15:40","date_gmt":"2018-01-19T14:15:40","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=220165"},"modified":"2018-01-23T11:27:58","modified_gmt":"2018-01-23T09:27:58","slug":"national-minimum-wage-will-be-adjusted-every-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/220165\/national-minimum-wage-will-be-adjusted-every-year\/","title":{"rendered":"National minimum wage will be reviewed every year"},"content":{"rendered":"

Update<\/strong>: a previous version of the article said that the wage would be adjusted annually, however the department refers only to a review.<\/em><\/p>\n

The Department of Labour says that the national minimum wage (NMW) which is set to be implemented from 1 May 2018, will be reviewed annually.<\/p>\n

The review will be done on the 1st of May every year, the department said.<\/p>\n

It was announced late 2017 that a 10-member national minimum wage commission would be set up to assess and review the NMW levels each year, with any adjustments being announced in the March before the increase takes effect.<\/p>\n

The purpose of the review\u00a0is to take a number of factors into consideration such as inflation, the cost of living, wage levels, wage differentials, productivity, the ability of business to carry on successfully as well as the impact on SMME\u2019s and employment, and advise the labour minister accordingly.<\/p>\n

The new regulations governing minimum wage also empowers the commission to promote medium term targets to reduce wage differentials.<\/p>\n

This will see all minimum wages, including the current exemptions, reaching one level over time.<\/p>\n

The agreed NMW at National Economic Development and Labour Council (Nedlac) is pegged at R20 an hour for major sectors, with the exception of sectors such as farm and domestic workers.<\/p>\n

These exceptions include:<\/p>\n