SALARY INCREASE FORECAST MARCH

2019 SOUTH AFRICA SALARY INCREASE FORECAST MARCH 2019 UPDATE Our original article described a methodology by which to formulate a scientifically derived salary increase for 2019 and recommended a 6.5% salary increase. Our subsequent January 2019 update revised this forecast down to 6.0%. This update examines the validity of this forecast given incoming economic factors.…
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2019 SOUTH AFRICA SALARY INCREASE FEB

Click here for our March update. Our original article describing a methodology by which to formulate a scientifically derived salary increase for 2019, recommended a 6.5% salary increase. Our subsequent January 2019 update revised this forecast down to 6.0%. This update examines the validity of this forecast given incoming information and the Budget. Inflation continues…
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2019 SOUTH AFRICA SALARY INCREASE

Our original article describing a methodology by which to formulate a scientifically derived salary increase for 2019, and the subsequent November 2018 update, both recommended a 6.5% salary increase for 2019; based on an anticipated 2019 inflation rate of 5.5% and a real increase of 1.0%. Given that many companies are now moving ever closer…
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Tax Alert: Eswatini:

The purpose of this notice is to highlight the changes in the Eswatini National Provident Fund (ENPF) which were announced by the Chief Executive Officer Prince Lonkokhela. The Eswatini National Provident Fund (ENPF) resolved that the ceiling amount for wages for the purposes of payment of statutory contributions to the Fund will be increased from…
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Tax Alert: Zambia

Zambia: Budget Changes The purpose of this notice is to highlight that the Minister of Finance in Zambia, the Honourable Margaret D. Mwanakatwe, delivered her 2019 budget speech on the 28th of September 2018 to the National Assembly. Amongst other matters, the Minister addressed the tax bands applied to employment income, which remain unchanged. The…
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2019 Africa Salary Increase Recommendations

          We are rapidly approaching that time of the year where Compensation and Benefits practitioners are required to magically conjure up proposed salary increases for the budget cycle, for the African countries within which they operate. Our preliminary research for our annual Africa Salary Increase Recommendations report, which covers 40 African…
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CHANGES TO SOCIAL SECURITY (Angola)

Presidential Decree no. 227/18, of 27 September 2018, has introduced new regulations regarding contributions to the Mandatory Social Protection. The primary change relates to the inclusion of additional pay elements in the calculations. In the past, the social security contributions were calculated on gross remuneration. This Decree dictates that when calculating the contributions, gross remuneration…
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