Please be advised that there has been an important update on SA’s national minimum wage regulations
So, while news of a rather bland economic outlook for South Africa by the World Bank for the year (only 1.3% growth projected) sinks in, local business owners have little choice but to dig deep and keep resilient. Being informed can only help.
Every cent counts in this market, so unnecessary spending is out!
There are fresh developments regarding the national minimum wage regulations and specifically to the National Minimum Wage Act, 2018. If your business is in a position whereby you feel exemption from paying the minimum wage is warranted, then these regulations are of the utmost importance.
Businesses should be aware of the regulations in terms of Section 16 of the Act, which seeks to provide for a form and manner in which to apply for the exemption of the National Minimum Wage as described in Section 15 (1) of the Act.
Why is this important? Well, the regulations cover a range of aspects regarding the application of an exemption, including definitions, the actual application for exemption from paying the national minimum wage, criteria for the withdrawal of exemption notice and the national minimum wage exemption system.
These regulations will take effect on 1 January 2019, together with the effective date of the Act.
As always, CRS Technologies, is there to help…we have the expertise, knowledge and market experience to guide all businesses with regards to the legislation and what is the best approach to take.
For more information, contact our legislation team at firstname.lastname@example.org