The National Minimum Wage Commission has proposed a hike in South Africa's national minimum wage for 2025, recommending an increase of CPI +1.5%.
The National Minimum Wage Commission has proposed a national minimum wage (NMW) increase for 2025, recommending an increase of CPI +1.5%. This follows the commission inviting written representations on potential adjustments to South Africa’s NMW for 2025.
On December 18, 2024, the NMW Commission published a report in the government gazette outlining the commission's recommendations for the annual review of the national minimum wage as well as an invitation for the public to submit their written representations. According to the department, the Consumer Price Index (CPI), which measures changes in the prices paid by consumers for goods and services over time, is a key factor in these considerations. This represents a slight hike from the 2.8% in the previous month. 'It is important to take note that the rate of inflation that will be implemented will be the inflation rate six weeks before the 1st of March (i.e. December CPI published in January) which is the date that the new minimum wage comes into effect,' the department said. The process is conducted in accordance with section 6(2) of the National Minimum Wage Act (NMWA), No. 9 of 2018, according to the Department of Employment and Labour. The National Minimum Wage Commission is made up of representatives from organised labour, business, community, and experts in labour market and employment conditions. the commission said:'Under the NMWA, the Commission is responsible for annually reviewing and recommending adjustments to the national minimum wage.' 'It also investigates and reports annually to the Minister on the impact of the national minimum wage on the economy, collective bargaining, and income differentials, making this information available to the public.' As of 2024, the NMW in the country is R2
MINIMUM WAGE SOUTH AFRICA ECONOMY INFLATION LABOR MARKET
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