• Important: South Africa: Temporary Employee/Employer Relief Scheme (TERS)

    Dear Partners , 

    We are aware that the below email is currently being circulated by the Department of Employment and Labour to employers.

    TERS Email from Department of Employment and Labour

    In the email they request a specific template (pipe delimited CSV…

  • Low or Interest Free Loan/Debt Fringe Benefit for ZAF

    Dear X3 HR and Payroll User,

    The repurchase rate (repo rate) has decreased from 6.50% to 6.25% on 17 January 2020. As from February 2020, the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate…