Teryl @ Work

National Payroll Week has focused +Accsys (Pty) Ltd   on all things payroll. I sat down to talk to Cathie Webb, our Chief Operations Officer, who is a director of South African Payroll Association (SAPA), as well as on the executive of the Payroll Author’s Group (PAG). Having published articles and blogs on the Employment Tax Incentive (ETI) bill last year, I thought it would be a good idea to discuss this with Cathie. She confirms that, in late 2013 when the Minister of Finance approved the ETI Bill, it was designed to encourage business to employ youth, and to supplement the pool of employable and skilled workers available in South Africa. Cathie says “The ETI allows business to reduce their PAYE burden according to a formula which incentivises employment of people earning under R6000 per month.  According to SARS, in the first month of implementation, 56 000 new jobs were created*”. “As this number may include interns, who would have formed pa...