South African Institute for Drug Free Sport Act, 1997
R 385
Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Bargaining Council of SA Leather IndustryGeneral Goods and Handbag SectionCollective Agreement20. Interest : Arrear Wages |
In the event of an employer being assessed for underpayment of wages, the employer, in addition to the assessed amount, shall pay interest on such outstanding amount at a rate of interest as determined by the Council from time to time, subject to the provisions of the Limitations and Disclosure of Finance Charges Act 1968, calculated from the date when payment became due until the outstanding amount is paid. The Council shall be entitled to waive the payment of interest or part thereof in its discretion.
