Sudan doubles minimum wage
The order by President Omar al-Bashir reversed earlier official rejections of an increase despite inflation which reached 46% in November.
"President Bashir has given a directive for increasing the minimum wage to 425 pounds (about US$61 on the black market) as of January 1," the official SUNA news agency said in a brief dispatch.
The new figure is roughly double the current minimum wage.
Almost 47% of Sudanese lived below the poverty line in 2010, the United Nations said, but the country has descended into economic crisis since July last year when South Sudan broke away taking with it roughly 75% of the oil production in the formerly united country.
Inflation has risen and the value of the Sudanese pound has dropped to record lows as the lost crude accounted for most of Khartoum's export earnings and half of its fiscal revenues.
In June and July anti-inflation protests erupted around the country, with Arab Spring-inspired calls for the overthrow of Bashir's 23-year rule.
The scattered demonstrations petered out in the face of a security clampdown.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
