Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

National Bargaining Council for the Chemical Industry

Fast Moving Consumer Goods Sector

2023/2025 Substantive Agreement

B: Substantive Terms and Conditions

4. Wages

Purchase

4.1	GENERAL INCREASE IN BASIC WAGES:

The parties agree to an across-the-board Increase of 7.00% on current basic wages with effect from 1st July 2023 to 30 June 2024 (Year One).

For (Year Two) 1 July 2024 to 30 June 2025, the increase will be the average CPI plus 1.00% with a floor of 5.50% and a ceiling of 7.00%. (Average CPI will be the average of the Headline CPI for the 12 months - May 2023 to April 2024).

4.2	MINIMUM MONTHLY BASIC WAGE:

The current minimum wage of R8 341.07 (eight thousand three hundred and forty-one rand and seven cents) will be increased with effect from 1 July 2023 to R8 924.94 (eight thousand nine hundred and twenty-four rand and ninety four cents) and will remain in force till 30 June 2024.

For the period 1 July 2024 to 30 June 2025 the minimum wage of R8 924.94 with be increased by the average CPI plus 1.00% with a floor of 5.50% and a ceiling of 7.00%. (Average CPI will be the average of the Headline CPI for the 12 months - May 2023 to April 2024).

This minimum will also apply to any company, not listed in Annexure "A" who also becomes party to this agreement.