Over 5000 retrenched Sapo workers to lose jobs
Sapo, however, assured that it aims to mitigate these job losses “by creating entrepreneurial opportunities in retail agencies, the delivery of goods, and the provision of services. Job losses will also be mitigated by creating new opportunities in inspection and enforcement of regulations, mailroom management and coordination.”
Severance and retrenchment
As part of a retrenchment package, a person would get severance pay. The Department of Labour explains: “Employers must pay severance pay to retrenched workers. The pay must be equal to at least one week’s pay for each completed year of continuous service.
“In addition to severance pay, workers are entitled to any other amounts that they are legally entitled to.
“Workers are not entitled to severance pay if they unreasonably refuse other employment with the same employer or with another employer.”
For more information on how to survive retrenchment, click here.
For more information on severance pay, click here.
Featured The bank took money from my account – is this allowed?
You’ve just deposited money into your account and suddenly you see a notification from your bank. Money has been deducted from your account to pay the outstanding debt that you have with the bank. Is this allowed?
How much does it cost to draft a will?
Having a Will allows you to determine who inherits your property when you die. If you die intestate, the government will determine how to distribute your assets. Many people die intestate because they don’t know how to draft a will or are intimidated by the costs of drafting one.
Is your home correctly priced for the current market?
The property market is typically in either one of two phases, a buyers’ market or a sellers’ market. According to real estate experts, we are currently in a buyer’s market. For this reason, it is important as a seller to correctly price your house to ensure interested buyers and a valuable sale in the end.
Fuel rewards programme – how to fill up on petrol and points
South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.
Mowana Voucher Special
Price: From R1,099
When: Before 24 December 2019
Birchwood Hotel Christmas Gift
When: Between 15 December 2019 to 1 January 2020
Burger & Lobster Lunch in 30 Minutes Special
Where: Cape Town