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ME INTO EFFECT O C S A H L IL B E G A W UM THE NATIONAL MINIM The National Minimum Wage Act sets South Africa’s first national minimum wage at R20 an hour, equivalent to R3 500 per month, depending on the number of hours worked. The new law allows for the annual adjustment of the minimum wage by a still-to-be-appointed commission, which must conduct a review of the wage within 18 months of the commencement of the Act. The Act will raise the earnings of an estimated six million South Africans who currently earn below this level.
President Cyril Ramaphosa signed into law the National Minimum Wage Bill, which set an historic precedent in the protection of low-earning workers. The Bill, which came into effect on 1 January 2019, provides a platform for reducing inequalities in society and decreasing huge disparities in income in the national labour market.
Meanwhile, employers who are unable to pay the minimum wage due to business constraints will be eligible for exemptions as per the National Minimum Wage Regulations published by the Minister of Labour, Mildred Oliphant, in the Government Gazette. The Regulations make provision for employers to apply for exemption from paying the minimum wage of R3 500 per month or R20 per hour. The application must be lodged on the national minimum wage exemption system.
ULK PAYMENT B D N A LL O R Y PA S G SHOPRITE BRIN S AT NO COST R E N W O S S E IN S U B O TRANSACTIONS T Businesses can now send money to multiple receivers with Shoprite Money – the mobile transactional banking service that is available to everyone, even those without bank accounts. A business of any size can pay staff salaries or make other multiple payments safely, conveniently, and for free, using the Shoprite Money wallet. Shoprite Money is a mobile wallet which enables customers to deposit, withdraw or send money as well as buy groceries at any till point in all Shoprite, Checkers, Checkers Hyper and Usave stores. Shoprite Money is assisting businesses with their payroll needs and giving employees easier access to their salaries. All transactions are free with the exception of a R9.95 fee that only applies to cash withdrawals. The Shoprite Group absorbs all other costs. Businesses using the service have a transfer limit of R5 000 per employee per day. The monthly limit is R25 000 per receiver of the money. However, there is no limit on the total file value. 24
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To register: • Send an email to srmsupport@shoprite.co.za with "Bulk Disbursements" in the subject line, and include your company details, or • register for an account free of charge by dialling *134*3534# or • visit the Money Market counter in any Shoprite, Checkers, Checkers Hyper or Usave store. Shoprite Money is available to anyone aged 18 years and older with a valid SA ID document and an active cellphone number irrespective of their mobile network, device or connectivity.
