how is retrenchment package calculated in south africa?
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Severance pay – this should be at least one week's remuneration per completed year of service. Remuneration is calculated including basic salary and payments in kind. Outstanding leave must be paid out in full.
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Death Certificates are issued in South Africa and requires a processing period of 6 months.
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In the Western Cape it will cost you R465, and in KZN the aforementioned car will cost you R552 to license, per year. A large SUV weighing in at 2 500 kg, will cost you R1 296 in Gauteng, R1 278 in the Western Cape, and R1 464 in KZN. You get a 21-day grace period in which to renew an expired motor vehicle license.
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A reorder point (ROP) is the minimum unit quantity that a business should have in available inventory before they need to reorder more product. The formula to calculate reorder point is the sum of lead time demand and safety stock in days.
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Low to medium complexity: A quality low to medium complexity mobile app built in South Africa will cost between R225,000 and R650,000.
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The statutory redundancy payment is a lump-sum payment based on the pay of the employee. All eligible employees are entitled to: Two weeks' pay for every year of service they have since they were 16 and. One further week's pay.
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The total franchise setup cost includes all development costs from project initiation, site preparation, landscape design, franchise & staff training, and uniform, initial stock, fully fitted equipment to store launch promotion. This cost also includes the Franchise Joining Fee of R 150 000.00 (excl VAT).
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The pip value is calculated by multiplying one pip (0.0001) by the specific lot/contract size. For standard lots this entails 100,000 units of the base currency and for mini lots, this is 10,000 units. For example, looking at EUR/USD, a one pip movement in a standard contract is equal to $10 (0.0001 x 100 000).
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You can track your study material as follows, depending on which option you selected at the time of registration: Post Office: www.postoffice.co.za. Courier: https://comsec01.crossroads.co.za/unisa/ Counter collection: despatch@unisa.ac.za.
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A trip from Durban to Johannesburg could cost at least R240 in toll fees for Class 1 vehicles. In a statement released on behalf of the South African National Roads Agency (Sanral), Dr Blade Nzimande, Minister of Transport, approved the adjustment of toll tariffs on national roads for the 2018/19 tax year.
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Structure of Government in South Africa. The South African government is divided into three parts: the Executive (the Cabinet), the Legislature (Parliament), and Judiciary (the courts).
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Calculating the break-even point The contribution per unit can be calculated by subtracting the variable cost per unit (costs that vary with amount of output) from the sales price per unit. The fixed costs are then divided by the contribution per unit, giving the break-even point in units.
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It works like this: You receive multiple distributions from a single PFIC in a year. You calculate your total excess distribution from the total of all the distributions you received in the year, using the “125% of the average of the three prior years' distributions” formula.
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The corpus is calculated by using the principle of power of compounding. The NPS calculator will show you the details of your investment. It will show you the amount invested by you during the accumulation phase of the scheme, interest earned by you, and the total amount of corpus generated at the time of maturity.
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The NSS benchmarking process involves calculating scores for the sector as a whole for each benchmarking group. The benchmark for each provider is then calculated by taking a weighted average of the overall sector scores for each benchmarking group, taking account of the provider's particular mix of students.
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The Aggregate or Cumulative SGPA (CGPA) at the end of the fourth, sixth and ten semesters shall be calculated as the weighted average of the semester grade point averages. The CGPA is obtained by dividing the total of semester credit weightages by the maximum credits for the programme.
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In South Africa, employees have a statutory entitlement to four consecutive months of unpaid Maternity leave. The four months' Maternity leave is compulsory for the birth mother, and can only be reduced if a doctor certifies that the employee may return to work earlier.