THE NEW AGILE ORGANISATION IMPLICATIONS FOR HR

INTRODUCTION Many senior managers and executive teams have grown up with the concept that the organisational structure of any business is hierarchical; which means that power and authority flows vertically downward and where employees are departmentalised. This system was adopted from the military and the tenet is that employees must follow the chain of command…
Read more

RETIREMENT FUNDS DEFAULT REGULATIONS

Treasury has issued the final retirement funds default regulations which will take effect on 01 September 2017. The regulations are the result of prior consultative processes between National Treasury, industry stakeholders and the Financial Services Board (FSB), although speed with which these regulations have now been issued, has caught most people by surprise. The first…
Read more

REPEAL OF THE FOREIGN EMPLOYMENT INCOME EXEMPTION

Just to recap – from 2001 South Africa adopted a residency based tax system, however, an exemption was granted in terms of section 10(1)(o)(ii) of the Income Tax Act in respect of foreign income. In terms of this section, if a South African resident rendered services for and on behalf of their employer, outside of…
Read more

The challenge of purchasing value-based healthcare cover

For the past decade medical scheme contribution increases have averaged 3-4% above CPI inflation, causing health care to become increasingly unaffordable for the average South African. Added to this, salary increases are generally linked to inflation. This means that, all things being equal South Africans have less disposable income in real terms should they wish…
Read more