The hospitality and restaurant industries are reeling following the introduction of newly gazetted labour regulations for restaurants, which led to a protest outside the Union Buildings on Monday, January 25.

The new regulations now require all restaurants and fast-food outlets to pay wages that exceed the national minimum wage and to increase wages by CPI inflation plus 1,5% in future. Restaurateurs will have to pay all staff who have worked at the establishment for two or more years a bonus of two weeks’ wages in December. Contributions must also be made to a number of new levies including a bargaining council expense levy, a dispute resolution levy and a general establishment levy. Contributions must also be made by employers and employees toward funeral benefits and provident funds and employers must pay employees extra if they are required to wash their uniforms. According to the National Employers’ Association of South Africa, this will increase the overhead costs of restaurant employers by at least 16%, reports Business Insider.

Pay solutions story

Pay Solutions was started by myself, Shirley Combe, in November 2002. It was ignited by two little sparks.

Pay solutions story

Spark 1: While working as a Payroll Manager in a corporate company, I attended a  departmental meeting in which our Financial Manager said, “You know – we have to do a really good job here because this is one of the departments that can easily be outsourced”.

During COVID-19 many millions of people around the globe will be working from home; utilising the best technology and resources available to them. Some would never have contemplated working from home 6 weeks ago.

There was no time to prepare for the sudden events and with that comes a whole different level of stress. Pay Solution would like to explore the pros and cons of working from home, we feel if you are aware of the cons you are able to make changes which will reduce the stress levels which are counterproductive and embrace the new change. Rise o the challenge of a home working environment.

2018 was a tumultuous year laden with events that shook the market in so much that it yielded negative double-digit returns. Over the last 58 years, this has only happened on the JSE All Share Index during seven calendar years, including 1969/70 and 1975/76 where this occurred in consecutive years.

This begs the question: will history repeat itself? Should we brace for another negative year or are we faced with an opportunity to buy at lower prices?

https://city-press.news24.com/Business/large-part-of-sa-economy-exempted-from-minimum-wage-thanks-to-loophole-20190109

Business slams ‘random’ rule and onerous application process, while labour decries how easy it is to avoid paying the minimum

A large part of the South African economy will be exempted from the new national minimum wage (NMW), which came into effect last week.

Final regulations on exemption from the NMW were released quietly on December 19, cutting the wage floor from the much-publicised R20 an hour to R18 an hour for qualifying companies.

The threshold for qualifying is set too low, according to organised labour.