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Business Report writes that Cosatu has agreed to sign the national minimum wage (NMW) deal, weeks after it pulled out of collectively signing with other constituencies at the National Economic Development and Labour Council (Nedlac).
The trade union federation said during its post central executive committee meeting press briefing on Thursday that, although the agreed amount of R3,500, proposed by parties at Nedlac, fell short of its demand of R4,500 it was a step in the right direction. Cosatu general secretary Bheki Ntshalintshali said Cosatu office bearers have been given a mandate to sign the deal at Nedlac with the condition of there being a medium-term target to achieve a decent NMW within a stipulated timeframe. An agreement must be reached that there will be annual increases to progressively achieve such a target.
- Read this report by Zintle Mahlati in full at Business Report
Get other news reports at the SA Labour News home page