Connect with us


South Africa sets out planned minimum wage level



Share With Friends:

South Africa’s government has proposed a national minimum wage of 3,500 rand ($242; £199) a month.

About 47% of working South Africans earn less than the wage, which is being introduced to combat income poverty and inequality.

But critics say it could put more people out of work as employers might not be able to afford the higher wages.

The government says it will consult on the issue, but hopes to introduce a minimum wage within two years.

Announcing the rate, which was proposed by a panel of advisers, the country’s deputy president Cyril Ramaphosa said: “We are now a step closer to finalising discussions on the national minimum wage. All social partners will now decide what their take is.”

He said the panel was not endorsing the proposed figure as a living wage, but wanted to set a minimum payment for workers.

Wages are politically sensitive in the country, where the official unemployment rate is close to 25%.

One employment expert reckoned the figure was only about a quarter of the amount needed for the upkeep of a typical South African working-class household.

Prof Chris Malikane of the University of Witwatersrand told a Johannesburg radio station: “You would need 12,000 rand to sustain a basic household.”

The African National Congress, South Africa’s ruling party, supported the proposal calling it “credible and clearly supported by clear evidence”.

However, the Economic Freedom Fighters, the country’s third largest political party, said the plan “favours business at the expense of workers”.

It called for a higher minimum wage of at least 4,500 rand.

South Africa faces a possible downgrade to sub-investment grade by credit ratings agencies next month, with concerns remaining over violent wage strikes.

Moody’s currently rates South Africa two notches above subinvestment grade, with a negative outlook, while Fitch and S&P Global Ratings have it just a step above “junk”.

However, Mr Ramaphosa said: “We have made tremendous progress on the labour instability issues,”

Share With Friends:

24 Hours Across Africa

World food prices hike for first time in five months: U.N. FAO



Share With Friends:

World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.7 points in October, up 1.7% on the previous month and 6.0% year-on-year.

FAO also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

The FAO sugar price index jumped 5.8% from September levels, largely because of expectations of lower supplies in the year ahead following forecasts of large reductions in sugar output in India and Thailand.

The cereal price index rose 4.2%, with wheat and maize export prices climbing on the back of reduced crop prospects in several major producing countries and “robust trade activity”. By contrast, rice prices fell, hit by subdued demand and expectations of an abundant basmati harvest.

The vegetable oil price index increased 0.5% to reach its highest level in more than a year, while the meat price index rose 0.9%, driven by higher import demand especially from China.

By contrast, the dairy price index dropped 0.7% in October, as lower quotations for cheese offset increases in those for skimmed and whole milk powders, FAO said.

FAO lowered its forecast for global cereal production in 2019 by some 2 million tonnes, pegging world cereal output at 2.704 billion tonnes, but still up 1.8% from 2018 levels.

The U.N. agency said worldwide coarse grain production in 2019 was seen at 1.425 billion tonnes, down 1.3 million on the previous forecast.

Wheat output was seen at 765 million tonnes, down nearly 1 million tonnes on the last outlook, but still on course to set a new record and up 4.5% on 2018 levels.

The forecast for global rice production was put at 513.4 million tonnes, little changed on the previous forecast and slightly below 2018 levels.

Source: Reuters

Share With Friends:
Continue Reading

24 Hours Across Africa

Director Genevieve Nnaji reacts over Oscar snub.



Share With Friends:

Nigeria’s first-ever Oscar submission for best international feature film has been disqualified by award organisers, sparking criticism from its director.

Films in this category, formerly best foreign language film, must have “a predominantly non-English dialogue track”.

However, the 95-minute film Lionheart is largely in English, with an 11-minute section in the Igbo language.

Director Genevieve Nnaji  said the film represented how Nigerians communicate.

The disqualification of the film by The Academy of Motion Picture Arts and Sciences was announced to voters in an email on Monday, according to The Wrap.

Ava DuVernay, director of Selma and A Wrinkle in Time, questioned the decision on Twitter, pointing out that English is Nigeria’s official language.

Presentational white space

Ms DuVernay became the first black woman to direct a live-action film with a budget of more than $100m in 2016.

Ms Nnaji, who directed and starred in Lionheart, thanked Ms DuVernay for speaking out, saying the film “represents the way we speak as Nigerians”.

She added: “This includes English which acts as a bridge between the 500+ languages spoken in our country.”

In another tweet, she said: “We did not choose who colonized us. As ever, this film and many like it, is proudly Nigerian”.

English is still the official language of Nigeria because of British colonisation, which lasted for nearly a century until independence in 1960.

Lionheart, which is currently streaming on Netflix, is about a Nigerian woman trying to keep her father’s company together in a society dominated by men.

Media captionThe Tanzanian making ‘pure African’ film costumes

The best foreign language film category was changed ahead of the 2020 awards to best international feature film, with the Academy saying that the reference to “foreign” was “outdated within the global filmmaking community”.

Share With Friends:
Continue Reading


Flag Counter


Copyright © 2018 Anttention Media. All rights reserved