The lasting economic impact of the pandemic, the conflict in the Ukraine, volatile oil prices are just some of the factors that are causing inflationary pressure. This is a global phenomenon and not limited to a South African context, however, South Africans face their own set of challenges that further exacerbates the stresses that come […]
Author Archives: lsp
27
Jul
Jul
To continue trading successfully, businesses need to constantly re-assess their efficiencies. This has become more relevant in a world that is facing harsh post-covid economic realities, further impacted by the conflict between Russia and Ukraine which has resulted in rising interest rates and ever-increasing input costs. For many smaller businesses, the wage bill is the […]
28
Jun
Jun
The dropping of the mask mandates in South Africa seems to indicate that we are reaching a post-pandemic stage. If your business has survived the last two years of lockdowns and other restrictions, that is a significant achievement, but the challenges are not yet over. With rising inflation, ever increasing fuel prices and interest rate […]
05
May
May
A recent global study on the pandemic’s impact on worker preferences and expectations revealed that more than half of the South Africans would like to work remotely at least occasionally. The same study uncovered the global country average of those who desire full-time remote work as 24%, South Africa scored nearly double the average with […]
05
May
May
The South African Payroll has quickly become an ever-evolving reactionary environment. As soon as we believe we have tackled one payroll complexity another new one surfaces. Over the past 20 months Payroll Departments have had to navigate through the COVID-19, TERS, ETI Tax Relief, Tax Deferral, Additional Tax Reliefs due to Looting and UIF ceiling […]
05
May
May
Did you know that digital currency transactions are taxable? Yes, the long arm of the law – read “SARS” – wants to know all about your cryptocurrency profits and losses, along with your normal tax-related declarations. SARS has tightened control over taxpayers’ crypto holdings and trading activities, more so since cryptocurrency was defined as a […]
05
May
May
It’s nearly the holiday season and this brings annual leave into the spotlight. As we approach a month filled with public holidays, we should encourage our staff to utilise their annual leave and not only rely on those public holidays. The minimum annual leave entitlement or ‘statutory annual leave’ and other annual leave granted by the […]
22
Apr
Apr
The end of 2021 is upon us and as always, we wonder what the new year holds. At the end of 2020, we had all hoped that we would conquer Covid-19 in 2021 and that there would be a return to the world as we knew it! As the end of 2021 approaches, with the […]
22
Apr
Apr
A quick Google search will provide you with a long list of reasons to outsource functions within an organisation. We have filtered out the duplications and researched what we believe are the best motivations listed below. Cost-saving Markets are competitive, meaning that for businesses to maintain profitability they need to explore all opportunities that can […]
14
Apr
Apr
National Minimum Wages On the 8th February 2022 the Minister of Employment and Labour, Thembelani Nxesi amended the national minimum wages contained in Schedule 1 and Schedule 2 of the National Wage Act and these changes come into effect on the 1st March 2022. So, what does this mean? Farmworkers are entitled to a minimum […]
