Similar Posts
2024 Metal and Engineering Industry (MEIBC) negotiations finalised
After only three formal engagements, certain affiliated employer’s organisations have concluded a three-year wage agreement for the period 1 July 2024 to 30 June 2027, with NUMSA. The affiliated employer’s organisations that were part of the agreement accounts for about 57% of all employees who are employed within the scope of the council, and NUMSA…
OID Earnings Threshold Raised to Ensure Employee Protection: Minister’s Directive
In a recent development that affects employers nationwide, the Minister of Employment and Labour has announced a significant adjustment to the OID earnings threshold. According to Government Gazette 50386, published on 27 March 2024, Notice 2390 of 2024 reveals the updated threshold. Effective 1 March 2024, the OID earnings threshold has been raised from R568,959…
Employment Equity Amendment Act Coming into Effect January 2025
The Department of Employment and Labour has officially announced that critical amendments to the Employment Equity Amendment Act (EEA) will come into effect on 1 January 2025. These changes bring significant updates to compliance requirements and introduce new obligations for employers across South Africa. — What Are the Key Changes? The amendments to the Employment…
New Earnings Threshold from 1 April 2025 – What Employers and Employees Need to Know
As of 1 April 2025, the earnings threshold in South Africa will increase to R261,748.45 per year (or R21,812.37 per month), reflecting a 2.9% increase from the previous threshold of R254,371.67 per year. This threshold, determined by the Minister of Employment and Labour under the Basic Conditions of Employment Act (BCEA), plays a crucial role…
Understanding the MIBFA Two-Pot System for Pension and Provident Funds
The new two-pot system is set to launch on 1 September 2024. Because many of our clients fall within the Metal and Engineering Industries Bargaining Council (MEIBC), we thought to share some information on how this will work. The two-pot system aims to provide financial relief to members in financial distress by allowing partial cash…
Understanding the Employment Equity Amendment Act and the DA’s Legal Challenge
In recent weeks, South Africa’s transformation agenda has been at the centre of a high-profile legal battle as the Democratic Alliance (DA) took the government to court over the Employment Equity Amendment Act, signed into law in 2022 and gazetted in 2024. The case is being heard in the Gauteng Division of the High Court…