Today's Labour News

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newsCity Press writes that South African corporate holiday parties used to be extravagant affairs when workers got dressed up, companies rented out restaurants and there were open bars, live music and gifts.  

However, the country’s sluggish economy has forced many to trim their year-end function budgets – much to the dismay of the party planners and events management companies.  Some party planners indicated last week that tough times have seen some companies downgrade their year-end parties, avoid the fancy venues and even force employees to dig into their own pockets to contribute.  Dave de Jong of BlackJack Events said corporates were moving away from lavish wining and dining and opting for informal braais, canapés or roaming buffets.  Apparently the trend of cutting back started around 2010, when companies that would easily spend R1m on corporate Christmas parties for 4,000 employees were spending almost half that amount this year.  And companies that used to spend between R10,000 and R20,000 on their parties have trimmed their budgets considerably or have not allocated funds for year-end functions at all.  But Carmel van Wyk, owner of Red Pepper Events, painted a different picture, saying they “have never been so busy” as this year.

  • Read this report by Ntombizodwa Makhoba and Vukile Dlwati in full at Fin24


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