Business Report writes that the CEO of asset management company Sygnia, Magda Wierzycka, said on Thursday that the minimum living wage for South Africans should be R6,000 per month.  

This came after Wierzycka said earlier on Twitter that R3,500 did not constitute a living wage.  Wierzycka has recently been vocal about SA’s current unemployment levels which sits at 26.7%, one of the highest in the world.  Following Wierzycka's comment on the minimum living wage, she said that she would relook at the wage structure of every supplier to her company.  When asked whether she had contacted her suppliers, Wierzycka said that they were starting with that project now and had already initiated it with respect to one of their service providers.  In the event that the suppliers did not comply with the R6,000 minimum living wage, Wierzycka said that she would put pressure on them to do so and might even help supplement the wage.

• Read this report by Zeenat Vallie in full at Business Report

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