Tag: COVID-19

On 1 January 2019, section 73A of the Basic Conditions of Employment Act 75 of 1997 (BCEA) came into effect. This relatively new provision permits employees earning below the prescribed threshold to claim monies owing to them in terms of the National Minimum Wage Act, the BCEA, a collective agreement, a sectoral determination or a contract of employment at the Commission for Conciliation, Mediation and Arbitration (CCMA).

Prior to 2019, anyone booking travel would have considered cost saving their key priority. Not anymore. Although travel bookers are, obviously, still keeping an eye on expenses, they (and their clients) are now more concerned with wellbeing.

Despite current recessionary conditions and upended risk models, the global insurance industry will grow by $1.4 trillion between 2020 and 2025, according to our recent report. To capture a share of this growth and defend their place in the insurance value chain, insurers must reflect on where the industry is heading.

A critical debate is needed in boardrooms right now on how to develop new thinking when it comes to sustainability. The very word has become ubiquitous, overtraded and I worry at times that it has lost its import. Simply put sustainability means meeting our own needs without compromising the ability of future generations to achieve their own objectives.

A recent Labour Court judgment has upheld an employer’s right to require employees to have a COVID-19 vaccination or provide a weekly negative test if they decline to be vaccinated, but it leaves several important questions unanswered.

Having a backup plan is a given not a nice-to-have. Whether you are automatically archiving historical client data or testing a new cybersecurity strategy, backup planning helps to keep the business running smoothly. However, simply being prepared is not enough – your business must be resilient.

The events of the last few years have hit the fast forward button for the South African e-commerce industry. According to Geopoll, e-commerce grew by 66% YoY (Year over Year) in 2020, while brick and mortar retail fell by 30%.

The permanent institution of a central bank came to the United States in 1913. Three unsuccessful attempts had been made before then. This institution was, and is, a banking cartel, which goes by the deceptive moniker, Federal Reserve.

The life insurance and annuity industry proved resilient in 2021, even in the face of the many challenges associated with COVID-19. It’s now a given that the pandemic forced insurers to adopt digital technologies and operate more in the digital space. This digital shift is the source of the industry’s resilience as more companies, and customers, enjoy the benefits of their digital transformations.

Nedbank has released results for the year ended December 2021. Naturally, this was a much happier year for Nedbank than the year before. The commodity cycle pulled our economy through a tough time, which has knock-on benefits for the big banks.