2020

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.

2020 OID / Workman’s Comp Update

    1 minute read    

We have updated our system to reflect the Compensation Fund’s annual earnings threshold for the 2020/2021 Return of Earnings.

Updates in SimplePay for the 2020/2021 Tax Year

    3 minute read    

With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 26 February 2020. You can continue processing as usual and no special year-end procedures are required.

National Minimum Wage Increase

    1 minute read    

The national minimum wage rates, as specified in the National Minimum Wage Act, will increase by 3.8% from R20 per hour to R20,76 for employees. This minimum wage increase will be effective from 1 March 2020.

Interest Rate Change for Employer Loans

    1 minute read    

The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.

2019

Year in Review and Price Adjustment

    1 minute read    

As 2019 (and the decade) draws to a close, we’d like to thank you for choosing SimplePay as your payroll software provider. We really value the loyalty, ideas, feedback and love that we get from you, our clients.

Automatic Logout Feature

    1 minute read    

Our new optional timeout feature allows you to choose how long the system can be left idle for before automatically logging you out of SimplePay.