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Increase in MIBFA Pension & Provident Fund Contribution Rates

Please note that the employer contribution rates for the pension and provident funds will increase on 1 July 2024 by 0.2%, meaning that contributions from employers will increase to 8.10%, with the employee contribution remaining at 7.5%.  This is in accordance with the Funds Surplus Apportionment arrangements. EIPF_MIPF firm circular...

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SAEFA Annual Shutdown Webinar 2025 | Employer Compliance, Risk & Readiness

We hosted our Annual Shutdown Webinar to support employers in navigating one of the most risk-sensitive periods of the business year. Annual shutdown periods place employers under increased operational and compliance pressure. Without proper planning, businesses risk disputes, penalties, and reputational damage. This session was designed to provide clarity, guidance, and...

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Introducing SAEFA’s New Chairperson The Leadership Vision of Mr Randir Singh

The Leadership Vision of Mr Randir Singh SAEFA proudly introduces Mr Randir Singh as the new Chairperson, an industry leader whose career, values, and vision reflect a deepcommitment to ethical leadership and sustainable sector growth. His appointment comes at a time when employers across SouthAfrica are navigating both complex challenges and...

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Annual Shutdown Provisions 2025

As we approach the end of the year, management teams will need to finalise arrangements for the annual shutdown period. As you may be aware, the Main Agreement has not been extended to non-parties, and it appears unlikely that it will be gazetted and extended before year-end. This means that...

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No-Cost Onsite Financial Wellness Support for Your Employees

We’re pleased to share a valuable opportunity for SAEFA member companies to support the financial wellbeing of their employees—at no cost to the company. As a follow-up to our recent financial wellness webinar with Masthead, they have offered to conduct onsite financial wellness workshops and one-on-one consultations with employees directly at...

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