The Department of Employment and Labour has published the latest adjustments to the National Minimum Wage(NMW), increasing the bare minimum that workers, including domestic and farm workers, can be paid. The National Minimum Wage council made recommendations in 2025 for the NMW to be increased by 5% taking the rate from R28,79 to R30,23. The…
The draft Business Licensing Bill, gazetted by the Department of Small Business Development is expected to close for public comment today (Friday 28 November) after it was announced in September. The bill aims to achieve a registry of all businesses operating within the country in both the formal and informal sectors. This will be accomplished…
Johannesburg, 27 September 2023 – President Cyril Ramaphosa yesterday met with members of Cabinet and senior business leaders to receive an update on progress made in the collaboration between government and business. This collaboration was initiated in June 2023 with the aim of significantly growing South Africa’s economy and restoring public and investor confidence through…
The Companies Tribunal (Tribunal) is excited to present this first quarterly Bulletin. This Bulletinhighlights activies and events undertaken as committed in the Tribunal’s Annual PerformancePlan for the financial year 2023/24. The Bulletin will also shed light on the seminar held in partnershipwith the North-West University on the 09 March at Mafikeng Campus.
The Constitution of South Africa is the highest law in the land. The Constitution places an obligation on the State in terms of section 9 (the equality clause) to specifically “redress the inequalities of the past.” This is the aim of all transformative legislation from the Employment Equity Act to the Skills Development Act and…
We URGENTLY need your comments on the draft block exemption regulations for Small, Micro and Medium enterprises. The Department of Trade, Industry and Competition are inviting the public to comment and RCCI wants to ensure that small business owners have the opportunity to add their comments. Kindly send us your comments as soon as you…
UNION BUILDINGS, TSHWANE25 JULY 2022 My Fellow South Africans, Tonight, I want to address you about the energy crisis that is confronting our nation.During the past three weeks, severe load shedding has disrupted all of our lives and causedimmense damage to our economy.The daily power cuts we have been experiencing have inconvenienced millions ofhouseholds and…
My Fellow South Africans, It is almost exactly two years since I stood before you to announce that South Africa would be entering a nation-wide lockdown to contain the spread of the COVID-19 virus. This was a drastic and unprecedented measure. But it slowed the spread of the virus so that our health facilities –…
President Cyril Ramaphosa has, in accordance with Section 174(3) of the Constitution, decided to appoint Deputy Chief Justice Raymond Zondo as the next Chief Justice of the Republic of South Africa with effect from 1 April 2022. The President’s decision follows consultation with the Judicial Service Commission and leaders of parties in the National Assembly…
The implementation of the new RLA system was initially designed to cater only to clients submitting new applications. Clients who were already registered on the old system, i.e. via a DA185 application were not required to re-register on the new RLA system. The system was designed on a first-in-first-out principle and clients that required re-registering…
Speaker of the National Assembly, Ms Nosiviwe Mapisa-Nqakula, Chairperson of the National Council of Provinces, Mr Amos Masondo, Deputy President David Mabuza, Former President Thabo Mbeki, Former Deputy President Phumzile Mlambo-Ngcuka, Former Deputy President Baleka Mbete, Former Speaker of the National Assembly, Mr Max Sisulu, Acting Chief Justice Raymond Zondo, Mayor of the City of…
In terms of the amendment to section 72 of the Value-added Tax Act 89 of 1991 (the VAT Act), which came into operation on 21 July 2019, Binding General Ruling No. 12 (Issue 3) dated 16 March 2020 (BGR 12) will cease to apply on 1 January 2022. BGR 12 contains a decision made under section 72 of the VAT Act, which expires on 31 December 2021 (the Decision). The…
General disclaimer These tutorial videos are provided to help taxpayers understand their obligations and entitlements under the tax Acts administered by the Commissioner for SARS. They provide general assistance, are simply expressed and may provide step by step guidance that does not cover all possibilities. Generally, they do not address a taxpayer’s specific circumstances. For…
A presentation from SEFA (Small Enterprise Finance Agency) on funding models and criteria eligibility for accessing funding. Their contact details appear on the last slide of the presentation.
Government has launched a Business Loss Registration Portal for the registration of businesses that were affected by the unrest which took place during 9-19 July 2021 in KwaZulu-Natal, Gauteng and other affected areas in the country. Attached below are the press release and fact sheet with further details on the portal. This Portal aims to…
12 September 2021 – 12:00am My Fellow South Africans, This evening, I would like to begin by telling you about the experience we have had as a nation in one week in the work we are doing in the health care system in one of our provinces. Between the dates of 14 and 20 August…
South Africa’s gross domestic product (GDP) increased by 1,2% in the second quarter of 20211. The transport, storage and communication industry increased by 6,9% in the second quarter, and made the largest contribution to GDP growth, namely 0,5 percentage points. Increased economic activity was reported for land transport and communication services. The personal services industry…
Employment and Labour minister Thulas Nexsi has established a temporary relief scheme aimed at giving relief to vulnerable workers impacted by the recent looting and unrest. In a government gazette published on Tuesday (10 August), Nxesi said that the relief will be given to those who are unable to work because of the closure of…
The Department of Small Business Development is calling on all small enterprises and informal traders whose businesses were looted or vandalised during the July 2021 unrest to apply for the Business Recovery Support Packages. Business Recovery Programme Uninsured small enterprises impacted by the unrest. Small enterprises which require funding for working capital, equipment, and furniture….