What is the minimum amount of administrative penalty that can be imposed on non-compliant companies and CCs?
Minimum = R1 000 000
Section 175 covers administrative fines in detail
Subsection (1)(b) refers to subsection (5), which states that the minister may state a max amount, but it must exceed R1million (as was gazetted).
Disclaimer:
Please note that the information provided does not constitute legal or professional advice, but rather the applicability of existing theory to a given practical situation. Due care is taken to ensure that the information is correct, but it remains subjective and an interpretation of application of information.