Restaurants

Buying a restaurant

You may have decided that you want to get into the restaurant industry and rather than starting from scratch, you have found a small family restaurant you would like to buy. There is a lot of research that needs to be done and a number of things to consider before you decide to open a restaurant. This article looks at some of the questions that need to be answered and considerations to be kept in mind before taking the plunge.

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National minimum wage

As of January 1st 2019, there exists a national minimum wage which applies to all employers and workers, except for members of the National Defense Force, National Intelligence Agency, South African Secret Service, or unpaid volunteers working for charity. The national minimum wage was effected through the National Minimum Wage Act which came about as an attempt to address the income disparities in the national labour market.

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