This year’s new minimum wages for all domestic workers are set out in the table at the end of this article. Who is covered? All domestic workers in South Africa working in a private household People employed by employment services Independent contractors who are doing domestic work A person doing gardening in a private home […]
Minimum Wages for Domestic Workers Increased Read More »
There have been many articles in the financial press over mandatory audit firm rotation (MAFR). This followed an announcement by the Independent Regulatory Board for Auditors (IRBA) that they intend to implement MAFR in South Africa. MAFR is intended to strengthen auditor independence to enhance audit quality. There is no universal acceptance or rejection of
Mandatory Audit Firm Rotation is in the News – Will it Apply to You? Read More »
Failure by “designated” employers to lodge their employment equity reports on time risks severe penalties, with first offenders risking a fine of the greater of R1,5m or 2% of turnover (increasing to the greater of R2,7m or 10% of turnover for serial offenders). Lack of enforcement in the past (apart from a few high-profile exceptions)
Don’t Miss Your Deadline for Employment Equity Reports Read More »
Donald Trump will soon be the 45th President of the United States. So far he is still threatening to implement his populist campaign promises (e.g. partially repeal Obamacare, tear up trade agreements and deport 11 million illegal immigrants) and has appointed a hard-line conservative to a senior position in the White House. The American economy
Beware of Trump’s Victory – Hard Economic Times Loom for SA Read More »
“Parting is such sweet sorrow” (Shakespeare) One of the predicted negatives from the Companies Act (the Act) and the King Codes was it would be difficult to find directors. The Act and King Codes put extensive liabilities on directors, encouraged annual appraisal of directors, term limits for directors and recommended strong codes of conduct to
Directors Don’t Like Goodbyes Read More »
