Cyril Ramaphosa signed National Minimum Wage Bill that'll benefit millions

Cyril Ramaphosa signed National Minimum Wage Bill that'll benefit millions

- President Ramaphosa signed the National Minimum Wage Bill, and it will hopefully benefit the roughly 6 million workers who earn minimum wage

- The rate per hour is now officially R20, and will take effect 1 January 2019

- The president signed three other bills as well, all in the hope of better the lives of South Africans

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President Ramaphosa signed the National Minimum Wage Bill, and it is expected the new bill will be beneficial to the nearly 6 million workers that are earning less than R3 700 a month.

TimesLIVE reports that the bill will take effect on the 1st of January 2019, and the minimum wage is now R20 an hour. This comes after the R20 minimum was suggested ages ago, but making it was only now made official.

Cosatu should be very happy that the president signed the bill; they've been pushing for this for years.

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President Ramaphosa enacted 4 labour bills, including the minimum wage bill.

The Labour Laws Amendment Bill, will enable the implementation of the Unemployment Insurance Fund (UIF) Act. It also offers variety of benefits to retrenched workers.

There have also been changes made to the Basic Conditions of Employment Act, like parental and adoption leave.

The Labour Relations Amendment Bill, that will make it possible for the establishment of an advisory arbitration panel that can deal with long and violent strike actions have also been signed by the president.

However, Briefly.co.za gathered that critics warn this new law may result in job losses.

The minimum wage for farm and domestic workers were excluded from the initial phasing to prevent serious impact on vulnerable sectors. The date for implementation for their inclusion will be announced later.

READ ALSO: DA plans to lay criminal charges against Malema over VBS looting

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Source: Briefly.co.za

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