Tag: employment

South Africa’s retirement fund legislation has undergone a series of changes since 2012 as part of government’s retirement reform process, which is aimed at ensuring that retirees make adequate retirement provision.

It can be challenging to assemble a reliable, skilled workforce to run large-scale construction projects in rural locations. Often companies need to source and relocate skilled labour from other parts of the country or from within their company to meet project-specific needs.

Much like entrepreneurs, exhibitions are economic enablers. There is no doubt that entrepreneurship, collectively, is an essential driver of societal health, wealth creation, and a formidable engine of economic growth.

All taxes are wealth taxes. All taxes imply the transfer of wealth from the individual owner to a government agency. The only difference between taxes is the tax base or event upon which the tax is levied, and the difference between the total burden borne by the taxpayers and the amount of revenue actually received by the government.

The electricity crisis in South Africa is self-inflicted. This has become clear from the many costly disruptions in electricity supply over too long a period. There is something fundamentally amiss with government policy in this area. At the centre of the problem is Eskom, the leviathan which enjoys monopolistic protection shielded from potential competition.

South Africa’s economy is in a mess, to say the very least, and all this is solely and exclusively the fault of policymakers. Everything has gone horribly wrong! Yet it is not all beyond redemption.

The intolerability of the continuation of the employment relationship can be caused by misconduct other than dishonesty.

The employment of foreign nationals must not adversely impact the rights of unskilled South Africans and excluding South Africans from employment opportunities may constitute unfair discrimination. The recent High Court ruling confirmed that businesses who seek to employ foreign nationals must show that they have tried to train South African citizens to meet their needs when applying for corporate visas for foreign nationals.

The messaging from the State of the Nation Address (SONA), hosted 10 February 2022 for the first time outside the halls of Parliament, was both encouraging and disheartening. We are glad to hear the President, the Chief of the Executive, unequivocally state that the body responsible for job creation was not government, but rather, the private sector.

The global economy has been left winded and weak by the effects of the COVID-19 pandemic and governments the world over have a difficult task ahead. With the Minister of Finance delivering his much-anticipated 2021 National Budget this Wednesday (24 February 2021), one can’t help but reflect on what solutions need to be implemented to rebuild what was lost in 2020 because of the pandemic and years of low economic growth before then. Whatever the solutions, they need to be monumental and perhaps even radical in order to revive our economy.