South Africa is one of the countries in the world that has a minimum wage. The minimum monthly wage in South Africa is R 3,500.
The Minimum Wage Act was promulgated on 1 July 2017 and it sets out the process for determining the minimum wage. It also provides for an increase to the national minimum wage by indexing it to inflation using a formula set out in Schedule 4 of this Act.
The act sets out how to determine a fair and adequate national minimum wage, which will be reviewed annually by an independent panel.
What happens if you failed to pay minimum wage in South Africa?
The law in South Africa states that employers have to pay employees a minimum wage. The minimum wage is R20 per hour. If the employer cannot pay this, the employee can make a complaint with the CCMA (Commission for Conciliation, Mediation and Arbitration). The CCMA will then investigate and determine whether the company has violated the law.
What is the income tax threshold in South Africa?
The income tax threshold in South Africa is R60,000 per annum. This is the amount of income that an individual can earn before they are required to pay income taxes. The threshold applies to both individuals and companies.
