ANC considering minimum wage for SA March 10 2014 at 12:38pm By Amogelang Mbatha Independent Newspapers Enoch Godongwana, head of ANC economic committee. File photo: Leon Nicholas Related Stories Dispelling the myths of national minimum wages National minimum wage can be done Economic strategy is at the heart of elections Johannesburg - The African National Congress is in talks with its labor allies on imposing a minimum wage to help redistribute wealth in the economy. While the ANCs programme to boost black participation in the economy has focused on ownership, a minimum wage is aimed at broadening income distribution, Enoch Godongwana, head of the partys economic committee, told reporters in Johannesburg on Monday. The ANC is facing its toughest election, on May 7, since taking power in 1994 amid growing dissatisfaction with a 24 percent unemployment rate, and a lack of housing, water and other basic services in poor townships. Two decades after the end of apartheid white South Africans still earn on average six times more than their black counterparts. Labor Minister Mildred Oliphant said the ANC is looking at minimum wage policies in Brazil and China. The ruling partys manifesto plans for a minimum wage in five years time, she said. President Jacob Zuma said in an interview on March 6 that the government must push for increased black ownership of the economy because the ANCs empowerment policy hasnt done enough to redistribute wealth. Tito Mboweni, a member of the ANCs economic committee and a former governor of the central bank, told reporters today that the party wants “deep intervention” in the financial sector to improve access to capital for black businesses. The ANC will discuss creating a state-owned bank, possibly through the South African Post Offices PostBank, Mboweni said. Bloomberg ------------------------------ Is this Not EFF policies? this nyaope smokers cannot think.... now you can see EFF leads and ANC follows.
Posted on: Mon, 10 Mar 2014 17:20:54 +0000
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