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Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

Bargaining Council for the Building Industry, Cape of Good Hope

Extension to Non-parties of the Main Consolidated Collective Agreement

Chapter Six: Employee Benefit Schemes

30A. Holiday Fund

 

(1) An employer shall contribute to the Holiday Fund on behalf of an eligible employee in respect of each normal working day that the employee remains in his employ ("a contribution day"), an amount which shall be calculated as follows, from the date of coming into operation of this Agreement to 31 October 2023:

 

Category of Employee

Holiday Fund Contribution per day

Labourer

R22.08

General Worker

R28.68

Tradesman Class 4

R30.47

Tradesman Class 3

R33.60

Tradesman Class 2

R45.81

Drivers / Plant operators Code C1

R40.15

Drivers code A, A1 or B

R30.22

Artisan

R61.37

Security Guard

R32.25

Apprenticeship Year 1

R21.48

Apprenticeship Year 2

R30.68

Apprenticeship Year 3

R43.60

 

(2) For the period 01 November 2023 to 31 October 2024 the contributions applicable from 01 November 2023 shall be increased by the CPI percentage + 1% (as at the 1st of July 2023 as published by the Statistics South Africa) provided that the minimum increase shall be 5% and the maximum increase be no higher than 7%.

 

(3) For the period 01 November 2024 to 31 October 2025 the contributions applicable from 01 November 2024 shall be increased by the CPI percentage + 1% (as at the 1st of July 2024 as published by the Statistics South Africa) provided that the minimum increase shall be 5% and the maximum increase be no higher than 7%.