During September 2024, the department of employment & labour conducted more than 2,500 compliance raids in the hospitality sector. The department has announced plans to increase the number of inspectors from 2,000 to 20,000 in order to sustain these efforts. These inspectors are empowered to conduct these inspections with, or without, notice to the employer.,The message is clear - no company or sector is insulated from compliance inspections, whether planned or random.
From October, the SA Revenue Service started making changes to the data that is required from medical aid schemes. For most SA taxpayers, the changes impact employees who pay PAYE, and the medical aids they are members of will be required to update their reporting methods. These changes are designed to streamline processes and address the prevalent issue of incomplete information. By providing more comprehensive data, the aim is to reduce the burden on medical scheme administrators and ensure more accurate reporting. This will also greatly reduce the audit process.
In today’s digital economy, data has emerged as a cornerstone asset for businesses, fundamentally shaping how organisations operate and innovate. We delve into the multifaceted nature of data as an asset, exploring its immense value, the potential for monetisation and the critical legal considerations that come into play, particularly in light of evolving data privacy legislation.
Stokvels which operate as money-lending schemes can lead to disruptions in the workplace. However, the question arises: Can an employer dismiss an employee for participating in a money-lending scheme when there are no specific workplace rules in this regard?
More on these stories and others, available in this month's Business Law & Tax.
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