Monthly Archives: December 2016

Minimum Wages for Domestic Workers Increased

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 … Continue reading

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Mandatory Audit Firm Rotation is in the News – Will it Apply to You?

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 … Continue reading

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Don’t Miss Your Deadline for Employment Equity Reports

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 … Continue reading

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Beware of Trump’s Victory – Hard Economic Times Loom for SA

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 … Continue reading

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Directors Don’t Like Goodbyes

“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 … Continue reading

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