PaySpace Blog for Africa

The past 24 months has seen many people lose their income and scores of organisations close their doors. With this in mind, PaySpace introduced their Hero Programme at the beginning of 2021 to help involve young adults in the workforce and create emp...

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Innovation cycles are a key catalyst for growth and play a critical role in both entrepreneurship and economic development. The term ‘creative destruction’ was first coined in 1942 by economist Joseph Schumpeter. It refers to the dismantling of tradi...

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Sorting out payroll and bonuses at the end of each year can be a stressful time for all involved, but it doesn’t have to be. There are several steps organisations can take to ensure the process is smooth and effortless. What is critical is knowing...

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The global pandemic stopped meetings, conferences, and events in their tracks. Like every other industry, the events industry went through an unprecedented time, and had to reinvent itself in order to survive. The pandemic accelerated the digital ...

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Regardless of their size or industry, most South African organisations are vulnerable to cyber breaches, not only from outside the company, but from within, too. Payroll data and records are a potential goldmine for cyber criminals because the conseq...

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It’s that time of year again – the interim PAYE Employer Reconciliation period for the 2022 tax year opened on 13 September 2021, with the deadline for filing the reconciliation on 31 October 2021. Although the practice of submission is thought to...

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