National Minimum Wage Act 2024 updates were officially announced last week by the Minister of Employment and Labour, confirming an 8.5% increase to the national minimum wage. This amendment, issued under the National Minimum Wage Act 9 of 2018, will come into effect on 1 March 2024. Here are a few key takeaways from Government Gazette No. 50073:

  • The new national minimum wage is R27.58 for each ordinary hour worked;
For an 8-hour day (lunch break excluded), the new minimum wage would make the minimum daily pay rate R220.64 per day;
  • For a 45-hour week, the new minimum wage would make the minimum weekly pay rate R1,241.19 per week; and
  • For a month’s work, the new minimum wage would make the minimum monthly pay rate approximately R5,373.96 per month.

To ensure compliance with the National Minimum Wage Act 2024, all wage adjustments must take effect from 1 March 2024. Employers are strongly encouraged to review their current payroll structures and employment contracts to avoid legal risks. For expert guidance on aligning your business with the updated legislation, contact Invictus Group at 086 173 7263 or email us at admin@invictusgroup.co.za.