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Cecil Kilpin | May 2024 Newsletter

By |2024-06-01T15:01:25+02:00May 31st, 2024|Business, Environmental, Finance + Economics, Newsletter, Vat|

Median Monthly Earnings by Status in Employment, 2017 & 2022. STATS SA has released a report on monthly earnings which makes for interesting reading. Below is a summary of the highlights. In 2017, there were approximately 16,1 million employed persons for pay or profit. The number declined by 642 000 in 2022 to 15,4 million, with 13,0 million being employees (or 84,0%), while 1,6 million (or 10,5%) were own-account workers and 846 thousand (or 5,5%) were employers. The median monthly earnings were highest among employers at R10 000, followed by employees with their median at R5 417, and the lowest median monthly earnings were observed among the own- account workers at R3 500 in 2022. Between 2017 and 2022, the total [...]

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Cecil Kilpin | August 2020 Newsletter

By |2022-01-20T11:54:57+02:00August 31st, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

CIPC Releases A Directors Quick Reference Guide CIPC has released a quick reference guide designed to highlight specifically, although not exclusively, critical issues of the Companies Act No. 71 of 2008 that a director should be aware of. The central message of this guide, which is divided into 10 basic markers, is that a director of a company when acting in that capacity: must not cause harm to the company; must always act in the best interests of the company; and must ensure that there is no conflict of interest between the director and the company   A director differs from a shareholder in terms of function; power and authority and is legally distinct from the company itself. A person can act in different capacities, [...]

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