For the period of 1 September 2017 to 31 August 2018 and as per Clause 6.1 of the MIBCO Main Collective Agreement, employees (excluding Motor Vehicle Salesperson; supply salespersons and employees for whom Additional Holiday Pay is prescribed) qualify for a bonus of twee weeks’ wages with a capped amount of R4 856.40 per annum.
Remember apprentices and Journeyman receives Additional Holiday Pay!
Payment of the bonus shall be made by mutual agreement as follows:
- On completion of 12 months’ service;
- At commencement of annual leave;
- Not later than 20 December; or
- At the same time as the annual leave falls due.
Should your basic salary be more than R194 288.66 per annum, that is R16 190.72 p/m), you do not qualify for the bonus unless your employment contract provides different.
In a nutshell, if you are below the annual threshold and not a Motor Vehicle Sales Executive; Apprentice or Journeyman, you are entitled to a bonus.
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