Update: Delayed Budget Speech – Impact on Your Payroll
In preparation for the delayed Budget Speech on 12 March 2025, we’ve prepared this update on what to expect and what to do regarding your March 2025 payslips.
2025
National Budget Speech 2025 Delayed
An important development for payroll in South Africa is that the tabling of the 2025 Budget Speech has been postponed to 12 March 2025.
Official Interest Rate Change for Employer Loans - January 2025
The repo rate has been reduced by another 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 February 2025.
Recent Feature Recap
We’re kicking off 2025 with a look back at some smaller features that were introduced and enhancements that were made over the last few months. Read more about these in our blog.
2024
Card Payments Now Available
You can now pay your subscription using your debit or credit card. Please read our blog for more information.
Official Interest Rate Change for Employer Loans - November 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 December 2024.
Introducing Salary Schedules
Salary schedules are now automatically generated for terminated employees, ensuring accurate record-keeping and seamless compliance. Read more about the functionality in our blog.
Introducing the Getting Started Checklist
Our new Getting Started Checklist is here to streamline the process of getting set up on SimplePay. Read more about this exciting feature in our blog.
Introducing Custom Reports
Introducing our new Custom Reports feature. You can now set up custom reports for repeated use, and choose the information that you want to see. Read more in our blog post.
New SARS Regulations for Trusts and Companies in 2024 Tax Season
The South African Revenue Service has introduced various changes for the 2024 tax season, impacting both trusts and corporate taxpayers. Read more about this in our blog.