South African Deputy President Cyril Ramaphosa says he is pleased with the progress being made by the National Economic Development and Labour Council (Nedlac) Task Teams on Labour Relations.

The Presidency in a statement here Monday quoted Ramaphosa as saying that he is also satisfied with the work of the advisory panel which was established to advise on the level at which the national minimum wage should be set.

“Substantial progress is being made by Nedlac social partners on the negotiations on labour relations, with particular reference to labour market stability and the National Minimum Wage process on which the Panel on National Minimum Wage is scheduled to table a report to the Committee of Principals (COP) by the end of November 2016,” he added.

“The social partners unanimously confirmed their belief that inclusive negotiations are the best way to solve problems.”

He made the comments after the meeting of the Committee of Principals (COP) of Nedlac, which he chaired on Saturday in Johannesburg. The COP comprises leaders of business, labour, community and government.

These Nedlac social partners have been charged with the responsibility of addressing issues of low wages, wage inequalities, labour market stability, violent and protracted strikes as well as the issue of the national minimum wage, arising from the 2014 State of the Nation address by the president to Parliament.

“The social partners all acknowledged the need to urgently conclude both areas of work. The meeting also noted the great value of social dialogue, and the importance of the detailed and painstaking work all the partners had embarked on over the past two years,” Ramaphosa said.

He is expected to convene another meeting of the COP before the end of November to finalise the work of the Labour Relations Technical Task Team (LRTTT) and to receive the Report of the Advisory Panel on National Minimum Wage.