SARS Complaints Number Change

Change of SARS Complaints Management Office number The SARS Complaints Management Office (CMO) has been using a shared contact number, which means the caller shares some of the cost of the call. Due to public outrage, this shared number has been converted to a toll-free contact number - 0800 12 12 16. Taxpayers who contact [...]

International companies are hiring South Africans

International companies are hiring South Africans South African workers are rapidly being recruited by overseas firms, particularly in information technology (IT) and finance. This is according to the most recent Pnet Jobs Market Report for Q4 2024, which stated that the local employment market experienced the same level of hiring over the last two quarters [...]

National Minimum Wage Increases

National Minimum Wage Increases Employment and Labour Minister Thulas Nxesi has announced a new National Minimum Wage (NMW) determinationwhich will go up from R25,42 to R27,58 for each ordinary hour worked. The Department of Employment andLabour said on Saturday that the new NMW will take effect on March 1, 2024. "The National Minimum Wage decision [...]

A new public holiday for South Africa

A new public holiday for South Africa South African President Cyril Ramaphosa announced December 15, 2023, as a public holiday to commemorate the Springboks' historic triumph as well as the achievements of all our other athletes. Click here to access the President's announcement.   What effect will this have on your business procedures and employees: The public [...]

A Major Controversy Over Foreign Currency in SA

A Major Controversy Over Foreign Currency in SA The National Treasury has proposed new tax legislation affecting overseas firms and remote workers, which experts say will cause more harm than benefit. According to Tax Consulting SA, if proposed changes to the Employee's Tax Schedule of Income Tax are implemented, foreign employers will be required to [...]

New emigration tax laws may backfire

New emigration tax laws may backfire on SARS, according to experts. The South African Revenue Service's (SARS) new administrative regulations for South Africans shifting money offshore may bite back. SARS surprised several industry participants in April 2023 by implementing the Approval International Transfer (AIT), which changes the administrative requirements for emigrating for tax purposes and [...]

The most in-demand career skills in South Africa currently

The most in-demand career skills in South Africa currently As of the end of June, data from the jobs portal Career Junction indicates the most in-demand jobs in South Africa for the first six months of 2023. According to the company's most recent Industry Report, hiring climbed by 10% in June 2023 compared to the previous [...]

South Africa Faces Additional Rate Hikes

South Africa Faces Additional Rate Hikes The South African Reserve Bank (SARB) may have paused its interest rate hike cycle last week, but another boost is possible. Following eleven consecutive rate hikes, the SARB's Monetary Policy Committee (MPC) barely decided three to two last week to maintain interest rates constant, with the repo and prime [...]

Frequently asked questions about payment

Frequently asked questions about payment Payment of remuneration:An employer is required to pay salary within 7 days of the end of the period for which remuneration is due. If a specific pay date is specified in any employment contract or other agreement, the employer is required to follow the terms of the agreement. On each [...]

Tax season 2023 has arrived

Tax season 2023 has arrived, with dates, revisions, and all you need to know Tax season 2023 officially begins this Friday (7 July), but the South African Revenue Service (SARS) has already begun, with taxpayers receiving auto-assessment notices at the beginning of the month. As the season begins, individuals and businesses must be prepared to [...]