Minimum Wages in South Africa increased to 20.76 ZAR/Hour in March from 20 ZAR/Hour in January of 2019.

Minimum Wages in South Africa averaged 20.38 ZAR/Hour from 2019 until 2020, reaching an all time high of 20.76 ZAR/Hour in March of 2020 and a record low of 20 ZAR/Hour in January of 2019. This page provides - South Africa Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Minimum Wages - values, historical data and charts - was last updated on September of 2020.

Minimum Wages in South Africa is expected to be 20.76 ZAR/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in South Africa to stand at 21.50 in 12 months time. In the long-term, the South Africa Minimum Wages is projected to trend around 21.50 ZAR/Hour in 2021 and 22.50 ZAR/Hour in 2022, according to our econometric models.

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South Africa Minimum Wages

Actual Previous Highest Lowest Dates Unit Frequency
20.76 20.00 20.76 20.00 2019 - 2020 ZAR/Hour Monthly

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.10 29.10 30.40 21.50 percent [+]
Employed Persons 10231000.00 10213000.00 10231000.00 3694977.00 [+]
Unemployed Persons 7069.65 6726.13 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 60.30 59.80 60.80 53.60 percent [+]
Labour Costs 165.60 160.50 165.60 1.00 points [+]
Wages 22387.00 22500.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19114.00 19377.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 59.00 58.10 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]