The withholding of pension benefits is a common recourse against employees who caused damage to their employers as a result of theft, dishonesty, fraud or misconduct. The recourse available to an employer is sanctioned by section 37D(1)(b)(ii) of the Pension Funds Act, 24 of 1956 (PFA) and in many cases, augmented by the rules of a retirement fund.
Continue reading
On 24 February 2023, South Africa was placed on the Financial Action Task Force grey list over AML/CTF deficiencies.
Continue reading
Employees rely on the Protected Disclosures Act 26 of 2000 for protection against reprisals when reporting employer misconduct.
Continue readingAs of 1 March 2023, the annual earnings threshold increased to ZAR 241,110.59, with the national minimum wage set at ZAR 25.42 per hour.
Continue reading
Today, 22 February 2023, South African Finance Minister Enoch Godongwana delivered the annual Budget Speech.
Continue readingSouth Africa: National Budget Speech, 2023 – Introduction of Rules governing Customs and Excise Duty Deferrals
Continue reading
