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FAQ – What is the purpose of Enterprise and Supplier Development?

FAQ – What is the purpose of Enterprise and Supplier Development?

by | Feb 27, 2021

It is important to ensure that you have your Enterprise & Supplier Development in place for your Broad-Based Black Economic Empowerment (B-BEE) verification.  Under the Codes of Good Practice generic scorecard, you are able to obtain 5 points under Enterprise Development and 10 points under Supplier Development. This is 15 points that can be guaranteed if you comply with the requirements.  The first requirement is that the Enterprise, as well as the Supplier Development...

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Did You Know? – There are new laws applicable to your staff if you own a hospitality establishment called the Bargaining Council for the Fast Food, Restaurant, Catering and Allied Trades, replacing the Hospitality Sectoral determination.

Did You Know? – There are new laws applicable to your staff if you own a hospitality establishment called the Bargaining Council for the Fast Food, Restaurant, Catering and Allied Trades, replacing the Hospitality Sectoral determination.

by | Feb 25, 2021

This will be effective from 18 January 2021. The sectors covered by the new Main Agreements rules are places like a “Tearoom, Restaurant, Catering, Coffee Shop, Pub, Tavern, Roadhouse, Cafe, Snack Bar, Fast-Food Outlet, Convenience Store, Industrial or Commercial Caterer, function Caterer, Contract Caterer, Catering and associated activities.” Some significant changes are that there are compulsory bonuses. Employees on probation can be remunerated 10% less than the prescribed hourly wage. And...

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Why is it important for your business to be B-BBEE Compliant?

Why is it important for your business to be B-BBEE Compliant?

by | Feb 22, 2021

The objective of B-BBEE is to correct the inequalities of the past by promoting meaningful economic participation of black South African citizens. Although entities cannot be forced to comply with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013 (B-BBEE Act) and the applicable Sector Codes, it is important to comply with the B-BBEE Act. The main reasons why it is important to be B-BBEE compliant can be summarised as follows: In order to engage with any government entity,...

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FAQ – What is the impact of the new Bargaining Council for the Fast-Food Restaurant Catering and Allied Trades?

FAQ – What is the impact of the new Bargaining Council for the Fast-Food Restaurant Catering and Allied Trades?

by | Feb 21, 2021

The new Bargaining Council (BC) came into effect on 18 January 2021. This Main Agreement will affect most Employers who previously fell under the Hospitality Sectoral Determination. (With some exceptions). This Council now establishes higher minimum wages and benefits and improved working conditions for employees engaged in the industry. Some noticeable changes are: • The introduction of a night shift allowance of R1.00 per hour;• A compulsory late-night travel allowance of R150 per month for...

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New fund launched for black-owned businesses in the tourism sector

New fund launched for black-owned businesses in the tourism sector

by | Feb 17, 2021

On 26 January 2021 President Cyril Ramaphosa launched the Tourism Equity Fund to support businesses in the tourism sector crippled by COVID-19 and the subsequent lockdown. The fund will provide a combination of grant funding, concessionary loans and debt finance, which will cater to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments. Financial support for projects will be provided on the following basis: Funding to acquire...

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Take your business to the next level with SEESA BEE

Take your business to the next level with SEESA BEE

by | Feb 16, 2021

Let SEESA assist you with your Enterprise and Supplier Development Elements. SEESA will be able to assist you with your contributions towards Enterprise and Supplier Development through our preferred incubation program, Incuvest. All contributions toward Enterprise, Supplier and Socio-Economic Development, must be made before your financial year-end. Taking into consideration that the company’s financial year-end might be in February. We will not be able to use contributions made after the...

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TERS Scheme Extended Until 15 March 2021

TERS Scheme Extended Until 15 March 2021

by | Feb 15, 2021

Speaking during his state of the nation address on Thursday, the President announced the extension of the temporary employer/employee relief scheme (TERS) until 15 March 2021. It should be noted that the extension will only be for those sectors that have not been able to operate. The conditions of the extension and specifications around which sectors will be announced later when consultations are concluded at NEDLAC. SEESA will follow this extension closely and will make an update of any new...

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FAQ- What Exactly Does The Payroll Service Entail For SEESA PayTime Clients?

FAQ- What Exactly Does The Payroll Service Entail For SEESA PayTime Clients?

by | Feb 14, 2021

A PayTime client has the exclusive option to outsource their payroll. • Collection of all information to set up the payroll; • Setup of the payroll including Bargaining Councils, Funds, Medical Aid, Custom ED codes according to the correct tax codes; • Provide client with re-consolidated reports, payslips, UIF declarations (client must send the UIF declarations to UIF themselves); • Loading of bulk payments and provides the client with the report to make the relevant payment; •...

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Increases To The BCEA Earnings Threshold And National Minimum Wage

Increases To The BCEA Earnings Threshold And National Minimum Wage

by | Feb 12, 2021

On 08 February 2021, the Minister of Employment and Labour published increases to the earnings threshold in the Basic Conditions of Employment Act (BCEA) and the minimum wage in terms of the National Minimum Wage Act 9 of 2018 (NMWA). BCEA Earnings Threshold Section 6 (3) of the BCEA prescribes an earnings threshold above which the conditions as set out in chapter two of the BCEA, will not apply.   This threshold has been increased to R 211 596.30 per annum or R 17 633.02 per month. This...

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The End Of The TERS Scheme And The New Normal Going Forward

The End Of The TERS Scheme And The New Normal Going Forward

by | Feb 7, 2021

Most employers are aware of the TERS scheme that provided emergency funding since March 2020. However, this scheme has now been stopped, with the final payment period being 15 October 2020. This left still some employers and employees in the dark affected by the closure due to the COVID-19 pandemic whose working hours have been reduced or are forced to stay at home due to work stoppage. With the TERS scheme that ended, the affected employees will have to claim individually from UIF for reduced...

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