Assistance for businesses that may be in distress. Have you received anything to date? Using the tax system, government will provide a tax subsidy of up to R500 per month for the next four months for those private sector employees earning below R6,500 under the Employment Tax Incentive. This will help over 4 million workers. The
The Basic Conditions of Employment Act, No 75 of 1997 (“the BCEA”) gives effect to the right to fair labour practices referred to in section 23(1) of the Constitution of the Republic of South Africa by establishing and making provision for the regulation of basic conditions of employment. The BCEA places strict duties and obligations on employers to comply
Cape Town - President Cyril Ramaphosa on Monday announced a countrywide lockdown, part of which is that only certain categories of businesses can remain open. Ramaphosa said: "All shops and businesses will be closed, except for pharmacies, laboratories, banks, essential financial and payment services, including the JSE, supermarkets, petrol stations and health care providers. "Companies
COVID-19 continues to spread across the world, so we’ve put together a guide on best practices companies and human resources departments should follow to help their employees stay healthy and infection-free. Effective Communication is Key HR departments should pull together a ready to refer information guide for employees that educates and enlists ways to avoid
It cannot be expected of government to make perfect decisions. What is expected is for government to act decisively; and that is what government did. After extensive deliberations, based on what they know, they took the best decision under the circumstances. We must make the best of it. A three-week lockdown can be regarded as
Catapulting African SME’s South Africa is sitting at an economic crossroad. The National Development Plan (NDP) proposes many measures to accelerate economic growth and deal with the country’s rising social problems. However, since the introduction and acceptance of the NDP as South Africa’s new economic blueprint- the country’s growth rate hovers at 1.4%. Situated
SACCI’s Business Confidence Index (BCI) for April 2019 improved by 1.9 index points to 93.7 compared to the March 2019 level. It is 2.3 index points below the 96.0 figure for April 2018. Five of the thirteen sub-indices of the BCI improved on their March 2019 readings. Another five remained unchanged, and three declined.
Current trade conditions, as reflected by the Trade Activity Index (TAI), recovered to a seasonally adjusted 37 in March 2019 from 30 in January 2019, and 34 in February 2019, although still in negative territory, and much lower than the March 2018 level. According to the survey, the tough trade conditions will ease slightly