Due to the COVID-19 pandemic, declared as a national disaster, various relief measures were announced and published. This guide will discuss and explain the relief measures and how these will affect your payroll software and payroll processing.
With the National Treasury announcing plans in October 2020 to increase the tax take by R40 billion over the next three years, South African businesses and employees undoubtedly encouraged by the news that Finance Minister Tito Mboweni will not be introducing major tax hikes in the tax year to come. Apart from relatively high sin tax […]
Many taxpayers will be thankful that Finance Minister Tito Mboweni’s Budget Speech for the 2021/2 tax year offers real relief for people in most income tax brackets rather than the painful tax increases that many of us expected. Yet, his Budget Speech also sets the stage for what is likely to be a slow and difficult recovery from […]
In 2006, I predicted that accounting as we knew it then would be redundant by the turn of the decade. At the time, technology was starting to advance, and accounting scandals dominated the headlines. Two years later, the world plunged into a financial crisis, and the profession was partly responsible. Market for Lemons One reason […]
The Temporary Employee/Employer Relief Scheme (TERS) provides financial relief to South African workers when their employers could not pay them or were required to take compulsory leave during different phases of the COVID-19 lockdown in South Africa. We hope the Finance Minister will address the TERS financial implications in the upcoming Budget Speech. When the […]
Finance Minister Tito Mboweni still faces all last year’s challenges such as funding cash-strapped state-owned enterprises (SOEs) and paying a massive public sector wage bill – along with new headaches caused by COVID-19. Following a year of pandemic and lockdowns, South African employees and companies are looking ahead to the annual Budget Speech on 24 […]
In 2014, Brian Malatji decided to start his own business. He quit his job at a manufacturing company that produces gate and garage automation motors, with the intention of using his skills to start his own township security business. “I had everything planned out, including how I’d use my provident fund pay-out to fund my […]
I was a bit concerned when the bank called to cancel my client’s finance application meeting. What did we do wrong? What did we forget? Turns out – nothing. In fact, our reports and financials were so thorough that the bank cancelled the meeting because it had more information than it needed to grant my […]
Remote working is here to stay. Discover why and how HR software is critical to managing a remote workforce effectively.
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Executive Vice President, Africa and Middle East
We recognise that the COVID-19 coronavirus presents one of the most severe challenges we’ve ever faced. This pandemic is pulling us together – as Sage colleagues, customers, partners but also as parents, families and communities.
Sage Legal Disclaimer
The information contained herein is for general guidance purposes only. It should not be taken for, nor is it intended as, legal advice. We would like to stress that there is no substitute for customers making their own detailed investigations or seeking their own legal advice if they are unsure about the implications of trade on their businesses.
While we have made every effort to ensure that the information provided herein is correct and up to date, Sage makes no promises as to completeness or accuracy and the information is delivered on an “as is” basis without any warranties, express or implied. Sage will not accept any liability for errors or omissions and will not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or reliance on this information or from any action or decisions taken as a result of using this information.
