South Africa · Governance
Where South Africa’s new remuneration provisions appear
South Africa’s 2024 Companies Amendment Act sets out separate provisions for remuneration policies and reports. The Act and commencement notices give boards different parts of the legal record.
Sources checked
- 01Section 30A
Remuneration policy · Policy provisions for public and state-owned companies Source 1
- 02Section 30B
Remuneration report · Report and voting provisions Source 1
- 03Proclamation 313 of 2026
Commencement notice · Provisions brought into effect and relevant dates Source 2
- 04Act 71 of 2008
Principal legislation · Base text and its listed amendments Source 3
Use each reference to trace the text before applying a provision to a reporting period.
Policy and report
The amendment puts the remuneration policy in section 30A and the remuneration report in section 30B. The policy sets the approach to pay. The report addresses how the company put the approach into practice. Source 1
Check the commencement notice
Keep a copy of the amendment and the applicable commencement notice when checking a filing. Record the dates and sections separately before applying them to an annual meeting. Source 1 Source 2 Source 3
A filing check for a board reader
Write down the company type, reporting period and meeting date before reading the pay documents. Check which provisions apply to that company, then compare what the policy says with what the report shows. Source 1 Source 3
Keep a versioned record
The 2024 Act and the 2026 gazette are dated documents. Store the reference for each when comparing two years of reports. That makes it possible to check whether a change came from the law or from the company. Source 1 Source 2