NEWS & MEDIA


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Executive Pay: No place left to hide for executive directors of non-listed public companies.
The recent coming into effect of new sections 30A and 30B of the Companies Act, No. 71 of 2008 (Companies Act), together with the concurrent amendments to section 30(4), marks a significant shift in the regulation of executive remuneration.
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The BCEA does not currently contain a comprehensive framework regulating employees who are required to be available for work without guaranteed hours, often referred to as “on call”, “flexitime” or “zero hour” employees.
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In a recent judgement, the Labour Court allowed a former employee of RCL Foods Consumer (Pty) Ltd to enforce a compensation award of approximately R3.19 million, despite the employer’s intention to appeal the decision.
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