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Proposed new Treasury regulations may limit a foreign employer’s ability to pay South African workers in foreign currency

National Treasury has proposed new tax legislation which seeks to align the obligations of foreign employers with that of their South African counterparts. The new proposed requirements will place additional burdens on foreign employers as, besides paying the skills development levy and contributing to the Unemployment Insurance Fund, they would also need to: Register as...

CRS News Flash 3 July 2020 – SOUTH AFRICA – UIF TERS Benefits

JULY 2020 – SOUTH AFRICA UIF TERS BENEFITS It is important that employers note the following: Unemployment Insurance Fund (UIF) to continue accepting claims The Department of Employment and Labour released a media statement on Thursday, 2 July to inform employers and employees that COVID-19 TERS claims submitted for April, May and June 2020 will...

Taking care of staff in a post-lockdown world

Taking care of staff in a post-lockdown world With corporate attention turning to resuming operations in a new normal following the easing of lockdown restrictions, it is important not to neglect employees’ well-being. Nicol Myburgh, Head of the HCM Business Unit at CRS Technologies, believes this transition is a critical time to reinforce the company’s commitment to addressing the physical,...

Paid parental leave… SA’s labour law progresses

From 1 January 2020 all parents – including fathers of new-born children and mothers of children born through surrogacy – will be entitled to 10 days’ paid parental leave, i.e. up to 66% from the Unemployment Insurance Fund (UIF) or their full salaries at the discretion of their employer, when their children are born.

2024/2025 Tax Guide

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