South Africa has
increased its minimum wage to N126,480 per month. The news is coming at a
time Nigerian workers are uncertain their struggle for a N30, 000
minimum wage would yield result.
The
Global Wage Report 2018/19 released yesterday reveals that the world’s
wage growth also hit a 10-year low, the last of its kind being in 2007.
President
of South Africa Cyril Ramaphosa said the wage, which would come into
effect January 1, 2019, would benefit about six million workers that
currently earn R3,700 (N97,495).
One South African Rand
exchanges for N26.35. This means South African workers would be earning
N527 per hour: N4,216 per day and N126,480 per month. Their Nigerian
counterparts currently earn N75 per hour, which is N600 per day (at
eight working hours per day) and N18,000 per month.
From nationalhelm