The Institute of People Management (IPM) Convention held their 59th annual Convention, a 3-day convention which delivers the latest thinking and solutions in the management and development of people. Hosted at Sun City, North West Province, all Human Resources Professionals, business leaders, suppliers and key influencers come together from private and public sectors to explore […]
Category Archives: Remuneration News
Update on Retirement Reform
Mentje Larney presented to Parliament’s Standing Committee on Finance, on Tuesday the 2nd of November 2015, dealing with pension fund reforms. The presentation was of the South African Reward Association (SARA) and was in response to the Committee’s call for public comment on the Minister’s proposal to amend the Taxation Laws Amendment Bill (TLAB) that […]
Africorp Solutions Presents at IPM – 2015 – Designing Reward and Benefit Systems for the Future
The IPM Convention, is a 3-day convention which delivers the latest thinking and solutions in the management and development of people. Hosted at Sun City, North West Province, all Human Resources Professionals, business leaders, suppliers and key influencers come together from private and public sectors to explore topical issues and to seek solutions to business […]
Rand Hits its Weakest Level on Record
Related articles Concern about Chinese growth lifts gold Oil hit fresh six-and-a-half-year lows Bonds mixed as local September rate hike becomes more likely THE rand plunged to a record low against the US dollar on Monday, recording its biggest daily loss in 19 months as rising concern about waning growth in China hit commodity currencies. […]
Inflation Accelerates to 5%, In Line with Forecasts
The current interest-rate tightening cycle will be ‘moderate,’ Kganyago said. South Africa’s inflation accelerated to 5%, keeping pressure on the central bank to maintain its gradual path of monetary policy tightening. The inflation rate rose from 4.7% in June, the Pretoria-based statistics office said on its website on Wednesday. The median estimate of 25 economists […]
Do You Have Unclaimed Pension Benefits?
Estimated R20bn owed to roughly 3.5m beneficiaries. JOHANNESBURG – The total value of unclaimed retirement benefits has steadily risen over the last few years and is estimated to have reached around R20 billion owed to roughly 3.5 million beneficiaries by 2014. This is according to the latest Annual Report of the Registrar of Pension Funds. […]
JSE ‘recovers’ after aggressive global selloffs
Reserve Bank declares it is ready to intervene to protect the rand. In a day of near madness which saw the JSE All Share Index (Alsi) plummet by more than 5%, the index managed to recover in late afternoon trade to close only 2.85% down. The market rout followed severe selloffs after the Shanghai exchange […]
Code of Good Practice (Code) on Equal Pay/Remuneration for Work of Equal Value – Government Gazette Vol 600 Pretoria 1 June 2015 No 38837
On the 1st of June 2015. in terms of Section 54(1) of the Employment Equity Act (EEA), 1998 (Act No 55 of 1998 as amended) the Minister of Labour issued the Code of Good Practice (Code) on Equal Pay/Remuneration for Work of Equal Value. The Code promotes the elimination of unfair discrimination in respect of […]
