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Below you will find our latest blog posts, press releases, alerts, newsflashes, infobytes, case studies and webinars. Happy reading!
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MAY 2022 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following: Increase to official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repo rate by 50 basis points. The announcement was made on Thursday, 19 May 2022. The repo rate...

MAY 2022 – KENYA FINANCE BILL, 2022 It is important that employers note the following: Kenya Finance Bill, 2022 published Following the 2022/2023 Budget Speech delivered on 7 April 2022, the Finance Bill, 2022 was published on 8 April 2022 in Kenya Gazette Supplement No. 67. Amendments of importance to employers are: Section 2 of...

JANUARY 2022 – SOUTH AFRICA OFFICIAL INTEREST RATE It is important that employers note the following:Increase to official interest rate announced The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repo rate by 25 basis points. The announcement was made on Thursday, 27 January 2022. The repo rate has...

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NOVEMBER 2019 – SOUTH AFRICA EXPLANATORY SUMMARY OF THE TAX ADMINISTRATION LAWS AMENDMENT BILL, 2019 It is important that employers note the following: Publication of the Explanatory Summary of the Tax Administration Laws Amendment Bill, 2019 Government gave notice that the Minister of Finance intends to introduce the Tax Administration Laws Amendment Bill, 2019 to...

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Along with all the other responsibilities associated with tax management in South Africa, businesses are reminded of their PAYE (Pay as you Earn) obligations towards SARS – including the onus to issue IRP5 tax certificates to employees. Local companies have to understand and appreciate that there are serious repercussions for companies that don’t adhere to...

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