NEW EARNINGS THRESHOLD AS FROM 1 MARCH 2023
Employees who earn in excess of certain amount per year (the “earnings threshold”), do not enjoy the same protection as lower earning employees.
The earnings threshold has been increased to R24 1110,59 per year (R20 093 per month) with effect from 1 March 2023.
This is an increase of 7,6%.
STAATSKOERANT 20 FEB 23 : Earnings Threshold