Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Author:
South Africa | Publication | March 2024
On 5 March 2024 the Minister of Employment and Labour announced an increase in the annual earnings threshold from R241 110,59 to R254 371,67. The increase is in effect from 1 April 2024.
For purposes of determining whether an employee earns in excess of the threshold, ‘earnings’ means an employee’s regular annual remuneration before deductions including, income tax, pension, medical and similar payments, but excluding similar employer contributions, subsistence and transport allowances paid to an employee, achievement awards and overtime payments.
The earnings threshold is significant as it determines the application or otherwise of key provisions of employment legislation including the following:
Given that it determines the application of several employment rights and protections, it is important for employers to be aware of the increase in the earnings threshold.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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