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How experts arrived at SA's R3 500 minimum wage figure

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Mobile payments could result in a cashless society. (Duncan Alfreds, Fin24)
Mobile payments could result in a cashless society. (Duncan Alfreds, Fin24)

Johannesburg – A panel of experts tasked with determining South Africa's proposed National Minimum Wage (NMW) came to a figure of R3 500 because they believed that this would not lead to job losses.

This is according to Wits University's Dean of Commerce Law and Management, Imraan Valodia, who led government's research into a proposed minimum wage.

The panel on South Africa's minimum wage discussions ranged from academics to economists.

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