Retrenchments south africa

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WebJun 15, 2024 · However, the amendments gave jurisdiction to the CCMA and bargaining councils to arbitrate retrenchments where: Only one employee had been retrenched; and The employee elected to refer the matter ... Web10 Jan. Post Office vows to consult as 40% of jobs at stake in retrenchments plans. 08 Nov 2024. Sibanye retrenchments are 'punishment' for strike, says union. 02 Nov 2024. Eight Game stores are closing, with 700 jobs under threat. 13 Sep 2024. Solidarity's claim of retrenchments 'untrue, purposefully alarmist', says MTN.

Covid-19 retrenchments to spill into 2024, warn labour stakeholders

WebMar 8, 2024 · There is an acceptable reason regarding the need for retrenchments. Section 213 of the LRA indicates that the reasons for retrenchment may be based on economic, technological, structural or similar needs of the employer. It is necessary to look at each of these reasons more closely. Typically, economic reasons given regarding the need for ... WebSep 23, 2016 · An intransigent approach to retrenchments consultations more often than not has the consequence of jobs being lost, when this could have been readily avoided. This matter is a case in point. [2] The applicant has brought a case of unfair dismissal based on operational requirements to this Court. crystal ball marker

From tax benefits to insurance: Your retrenchment survival guide

Web37 Likes, 1 Comments - BusinessTech (@businesstechsa) on Instagram: "The Federation of Unions of South Africa (Fedusa) has called for a moratorium on all retrenchment..." BusinessTech on Instagram: "The Federation of Unions of South Africa (Fedusa) has called for a moratorium on all retrenchments and potential ‘future processes’, in an effort to … WebOct 14, 2024 · Retrenchments have become a truth required loads employees as South Africa continues to front an economic slowdown resulting in large corporations casting jobs. Publications Retrenchments have become a reality for many employees such South Africa continues to face an economy slowdown result in larger corporations shedding working. WebApr 6, 2024 · Many business are faced with the daunting prospect of contemplating retrenchments due to the impact of COVID-19 on their businesses. Employers should however be aware that retrenchments are a matter of last resort and can only be undertaken after exploring all alternatives seeking to avoid retrenchment. duties of a hedge fund manager

Tax and Retrenchment South African Revenue Service

Basic Guidelines on Retrenchment Procedures for Employers …

Web22 hours ago · The Post Office has suffered repeated annual losses, while six thousand jobs are also on the line due to looming retrenchments. The state-owned entity's debts stand at some R4 billion. WebMay 11, 2024 · According to the LRA, the fair procedure for retrenchments entails, primarily, a “meaningful joint consensus-seeking” consultation process in the manner prescribed in section 189. Given the severe pressure that affected employers will no doubt be under to finalise retrenchments where these become necessary, it is crucial for them to begin ... duties of a hearing officerWeb1. Get invited to and attend a Consultation. This is the first step of the process, and it is implemented so that all involved (the employer, employees and unions) have open and … crystal ball microdermabrasion treatment

"WebFeb 9, 2024 · 09 Feb 2024. The South African Institute of Tax Professionals (SAIT) recently made submissions to the South African Revenue Service (SARS) regarding the tax treatment of amounts received in consequence of voluntary retrenchments. SAIT has received clarification that voluntary severance packages qualify as severance benefits. " - Retrenchments south africa

Retrenchments south africa

Fair selection criteria in retrenchments - Werksmans

WebMar 23, 2024 · 23 March 2024 - 17:35 Luyolo Mkentane. The jobs bloodbath caused by Covid-19 is expected to go up in 2024. The dispute resolution body the Commission for … WebMay 6, 2024 · On 6 May 2024, the Constitutional Court handed down judgment in the matter of Solidarity obo Members v Barloworld Equipment Southern Africa and Others (CCT 102/21) [2024] ZACC 15.. The case is an important one, in which the Court settles various issues in relation to applications instituted in the context of a large-scale retrenchment exercise, in …

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WebDec 24, 2024 · A brief overview of retrenchments. South African labour law has a very well-structured approach to assist employers and employees in identifying their rights, and the …

WebMar 10, 2024 · To qualify for the special tax rates applicable to severance benefits due to retrenchment, your employer must have paid you a lump sum as a result of your employment having been, amongst other things, terminated or lost. In addition to the above, you will also only qualify for the tax incentive if: you have attained the age of 55 years at the ... WebJul 5, 2024 · Written by Kayla Pashiou, Senior Associate Christodoulou & Mavrikis Inc for LexisNexis South Africa. With the advent of Covid-19 more than a year ago, the financial strain on companies has forced many to restructure their businesses, impacting most significantly on their employees, with large-scale retrenchments becoming necessary, and …

WebMay 20, 2024 · New data shows big spike in retrenchments after lockdown in South Africa. Insurance company Liberty has published its claim statistics for 2024, showing a … WebMay 26, 2024 · A guide to Retrenchment in South Africa. The disastrous economic effects of the government’s approach to curb the spread of the COVID-19 virus will likely be felt for …

WebJan 13, 2024 · Why the likes of Makro, Game and Builder’s Warehouse are facing retrenchments. ... South Africa – Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07.

WebJun 2, 2024 · With the possibility of retrenchments heightened by the current lockdown, some South African companies have come under fire for allegedly using COVID-19 as an excuse to retrench employees for illegitimate reasons.. Economic disruptions caused by the COVID-19 pandemic and the current lockdown has resulted in many companies having to … crystal ball methodWebretrenchments in circumstances that were not justifiable or fair. 10.5 The applicants had conceded that the respondent had conveyed its reasons for the retrenchments. They nevertheless contended that the reasons, i.e. the need to be competitive, were not reasonable nor fair, as this had more to do with the respondent’s competitors than its own duties of a high school coachWebApr 12, 2024 · The South African Post Office (Sapo) has assured customers it will trade as normal after reports of liquidation. Sapo was placed under provisional liquidation on February 9 after a court application by a creditor owed for rent. Business Day said in the post office's most recent financial statements for 2024/2024 to end-March 2024, it owed more … crystal ball media publishersWebAug 19, 2024 · Instead of the retrenchments, the union is proposing that workers be put on rotational layoffs at 50 per cent wages to allow the company to fix the winders at the mine. ... CAPM took over the mine in 2011 and was reported to have demanded that workers in South Africa waive their labour rights in its new agreement with Pamodzi Gold. crystal ball midland txWebThe prime rate is the rate at which commercial banks lend to their most favoured customers. Since November 2024, South Africa has seen a cumulative 375basis points increase (ie, 3.75%) – from a low of 3.5% for the repo rate and 7% for the prime lending rate. crystal ball memesWebJun 24, 2024 · Large-Scale Retrenchments and what it entails. Many employers find themselves having to consider cost-saving measures to ensure business continuity due to the COVID 19 pandemic’s effect on South Africa’s economy. One of these measures is to retrench employees in terms of section 189 of the Labour Relations Act 66 of 1995. duties of a historian for organizationWebJan 21, 2024 · A recent Constitutional Court (“CC”) judgment has allowed employers to breathe a collective sigh of relief in the comfort that they cannot be threatened with unfair dismissal proceedings where an employee has unreasonably rejected an employer’s proposals aimed at avoiding retrenchments, and where the employer commences to … duties of a hoa board member