News Formal

Here is the new ‘earnings threshold’ for South Africa

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 61%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Labour and employment minister Thulas Nxesi has announced a new annual earnings threshold under the Basic Conditions of Employment Act (BCEA), which will have implications for South African employees.

R224,080.48 per yearThe earnings threshold is the ‘dividing line’ where certain provisions of the Labour Relations Act and the Employment Equity Act apply.

Employees earning under this threshold enjoy the full protection of the BCEA, and can, for example, demand overtime pay at a rate of 1.5 times, or legally refuse to do more than the 45 hours of work a week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google details investment plans for South AfricaGoogle has unpacked its plans to assist startups, SMMEs and nonprofits in South Africa, and help the country’s economic recovery process through large-scale investment.
Source: BusinessTechSA - 🏆 24. / 61 Read more »