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JSE ‘recovers’ after aggressive global selloffs

Reserve Bank declares it is ready to intervene to protect the rand. In a day of near madness which saw the JSE All Share Index (Alsi) plummet by more than 5%, the index managed to recover in late afternoon trade to close only 2.85% down. The market rout followed severe selloffs after the Shanghai exchange shed […]

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Code of Good Practice (Code) on Equal Pay/Remuneration for Work of Equal Value – Government Gazette Vol 600 Pretoria 1 June 2015 No 38837

On the 1st of June 2015. in terms of Section 54(1) of the Employment Equity Act (EEA), 1998 (Act No 55 of 1998 as amended) the Minister of Labour issued the Code of Good Practice (Code) on Equal Pay/Remuneration for Work of Equal Value. The Code promotes the elimination of unfair discrimination in respect of […]

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Newly promulgated Employment Equity Amendment Act

The Act now expressly introduces these principles of equality in section 6 of the EEA by adding sub-section 4, which states that it is also unfair for an employer to differentiate between employees’ remuneration on one or more of the grounds of discrimination where those employees provide work of the same or ‘substantially the same’ […]

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Using the Gautrain vs Driving – which is cheaper?

Two case studies – see what comes out tops. After the recent drop in the petrol price and with further decreases expected, commutors may ask themselves how using the Gautrain compares with the costs of self-driving. Spokesperson Barbara Jensen said Gautrain tariffs are based on the financial model of the project, which is based on […]

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South Africa’s Massive Wage Gap

South Africa has one of the biggest pay gaps in the world – with CEOs of the JSE’s top listed companies earning as much as 725 times their workers’ average salary. These are the findings of a report compiled by Mergence Investment Managers, looking at executive remuneration in South Africa in context of both local […]

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BHPBilliton makes changes to the Remuneration Committee

BHPBilliton Plc has announced the appointment of Carolyn Hewson as Chairman of the Company’s Remuneration Committee with effect from 1 January 2015. Hewson originally joined the Board in 2010 and was appointed to serve on the Remuneration Committee in January 2014. Hewson’s appointment follows John Buchanan’s decision to retire from his position as Remuneration Committee […]