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The proposed National Minimum Wage hike for 2024

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The proposed National Minimum Wage hike for 2024 The National Minimum Wage (NMW) Commission recommends a CPI plus 3% for 2024 but is sitting with another two proposals as it invites further suggestions from interested parties for the year ahead. The NMW Commission has published a report in the government gazette to present the Commission’s information and recommendations on the annual review of the national minimum wage and also inviting written representations from the public. The three proposals tabled in the report are as follows: The majority recommendation is the Consumer Price Index (CPI) plus 3%. Eight of the 12 commissioners propose that the national minimum wage increase by CPI plus 3%; The recommendation by the Business Constituency is only CPI; and The recommendation by an independent expert is CPI plus 0.75%. The CPI is a measure of the change in prices as paid by consumers for goods and services over time. In South Africa, the latest consumer price inflation, as pub...
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UK AFTER THE DEATH OF THE QUEEN

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LONDON — Even for a country that prides itself on pageantry, it was an occasion of mourning Yet, the ceremony and solemnity of the state funeral are already giving way to an unavoidable realization: The grandeur that marked Queen Elizabeth II's funeral and was seen by billions across the world is not the reality of the country that most woke up to last Tuesday. Britain is lot of crisis from spiraling costs for food and fuel to an energy problems that could cause blackouts this winter. And while they may have been eclipsed by the sheer emotion of the queen's final farewell — which brought much of the country to a standstill and saw large crowds line the capital's streets for days — those challenges have not gone away. With the world leaders headed home the uniforms hung back in the closet, and the flags returned to full staff, Britain’s problems will now come roaring back into focus. “This has been 10 days of Britain being in suspended anima...
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