INsight Magazine

Join NAPTOSA


Photo Gallery

What's New

Long Service Recognition - cash awards increased (3 July 2013)

CASH AWARD: LONG SERVICE RECOGNITION

 

The cash awards for long service (20, 30 & 40 years) are revised annually according to the annual average CPI of the preceding year.

 

The cash awards payable with effect from 1 April 2013 have been increased by 5.6%. 

 

Refer to the table below.

 

 

 

Effective date

Continuous years service

Previous amount

Revised amount

1 April 2013

20 years

R 7 500

R 7 920

1 April 2013

30 years

R 15 000

R 15 840

1 April 2013

40 years

R 20 000

R 21 120