BRICS LIFE

08.07.2618:00 Economy

China–Africa partnership expands through trade, infrastructure and regional development initiatives

29.06.2612:00 Economy

BRICS expansion signals growing interest from Global South

25.06.2619:00 Economy

New Development Bank in age of technological revolution: outcomes of Moscow meeting

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TV BRICS INSIDE

03.07.2612:00 Society

Ghana joins international exchange of information via TV BRICS

30.06.2612:00 Society

Latin American countries establish media cooperation with BRICS via TV BRICS

25.06.2611:30 Society

Argentina’s media outlets show growing interest in BRICS agenda

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05.03.24 09:05

Society

South Africa adjusts its minimum wage

This is a long-awaited increase from R25,42 to R27,58

The annual adjustment to the national minimum wage (NMW) for 2024 came into effect on Friday, 1 March.

This is an increase from R25.42 per hour (US$1.34) to R27.58 per hour (US$1.46), or 8.5 per cent.

Workers in agriculture, housekeeping, construction, retail, hospitality, transport, security and cleaning will particularly benefit.

It is expected to reach R30 (US$1,58) per hour by 2025.

Wages for domestic and agricultural workers have increased from R15 and R18 in 2019 respectively and are now equal to the NMW. This is an impressive increase of 84% for domestic workers and 65% for farm workers over the last four years. This is reported by Pretoria News, a partner of TV BRICS.

A roadmap is being worked on with the Department of Public Works and Infrastructure to ensure that Extended Public Works and Community Work Programme (CWP) workers also reach the NMW.

The Employment Equity Amendment Act came into force in 2023, requiring any company doing business with the state to comply with the Employment Equity and National Minimum Wage Acts.

Photo: IStock

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Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

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