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 Reusable menstrual products save money, period!
Menstrual products are almost as essential to women’s wellbeing as food. It’s hard to imagine life before disposable pads, and we’ll always be indebted to the inventor - or inventors, as history has it.
How the youth can help parents prepare for retirement
We spoke to experts to find out how youth can assist their parents to save enough to secure their golden years.
Should you change your budget when you receive an increase?
Your financial circumstances will change over time and, if you’re fortunate enough and you work hard, this may well include annual increases. But what does this mean for your monthly or annual budget?
Ready to start saving? Know your interest rates
One of the things that inspire us to save is the interest we earn from our savings. When you open a savings account, you’ll often see interest rates classified as nominal or effective. But what does this mean?
StudyPlex Masterclass in Creative Writing
When: Any time
Utopia Face & Body Salon Massage
When: Mondays to Fridays
Where: Cape Town
Balisimo Hair Deal
When: Mondays to Saturdays
Where: Cape Town