South Africa to increase its National minimum wage to $260, which is N130k in Nigeria

The South African government has announced plans to increase its National minimum wage from $60 to $260, which is about N130,000 when converted to the Naira. According to Reuters, Deputy President of South Africa, Cyril Ramaphosa, announced this today after holding negotiations with some leaders of the labor unions. He however stated that the new minimum wage regime would take effect from May