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5 Signs that you Should Change Payroll Providers in 2025

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1 year ago

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Payroll

Is your payroll provider holding you back? Here are quick ways to evaluate them

JOHANNESBURG, South Africa, December 19, 2024/APO Group/ — 

A new year signifies new beginnings. Everyone is refreshed and ready to tackle new opportunities. With financial year-ends just around the corner, this is an opportunity to evaluate costs and whether your service providers meet your needs. But are you applying the same scrutiny to your payroll provider?

“Many companies take a live and let live approach to payroll systems and providers,” says Heinrich Swanepoel, Head of Growth at PaySpace by Deel. “Once they have something in place, they assume it will keep functioning optimally. But in reality, they are spending more time and money keeping less effective systems going, and with that, they pick up more risks. For example, payroll staff often spend enormous amounts managing compliance issues, and they overwhelmingly use manual processes that increase calculation and administrative errors. Just changing that would recoup significant amounts of time, money, and focus.”

Such problems increase the risks of fines, unhappy customers, and disgruntled employees. As the situation worsens, the lack of transparency and integration bloats staff costs and can encourage payroll fraud.

Many of these problems result from payroll providers having outdated digital systems.

“Competitive companies use digital software in smart ways to create efficiencies for their staff and visibility of their operations. But some businesses still rely on old payroll software or something more rudimentary, such as spreadsheets, to manage one of their biggest costs and most crucial employee management tools.”

5 Signs to Evaluate Payroll Performance

Competitive companies use digital software in smart ways to create efficiencies for their staff and visibility of their operations

Outdated payroll software and payroll providers that use those systems can hold back competitive performance. Here are five ways to evaluate at a glance whether this is happening to your business:

Frequent payroll errors and inaccuracies: On average, 20% of payroll output is inaccurate (https://apo-opa.co/3P6Jbm5), requiring time and money to correct. The most common errors include calculating attendance costs, leave (vacation, paid time off, and sick time), benefits, schedule earnings, and tax. Cloud-native payroll platforms (www.PaySpace.com) reduce that error margin substantially by integrating payroll and employee data from other systems, and automating demanding calculations and workflows.

Constant compliance problems and risks of fines: More than half of companies have faced payroll-related penalties (https://apo-opa.co/3P2tw79), and that figure goes up when companies operate across different tax and employment jurisdictions. A key problem is how onerous it is to request and make legislative changes to a payroll system. Modern payroll systems can automatically update new legislation.

Lack of scalability, self-service, and custom reports: A majority of organisations struggle to scale their payroll footprint and features. 39% say they lack necessary payroll features to support growth (https://apo-opa.co/4gmJxRB), including self-service, personalised ad-hoc reports, and customised forms and fields. Traditional payroll systems struggle to scale and add new features, and doing so often incurs much higher costs.

High software license and management costs: Companies on average waste 50% of software license costs due to unused features (https://apo-opa.co/4gkBMLL). Additionally, many businesses maintain outdated payroll systems to keep their financial records, escalating license and maintenance costs. Factor in the costs of errors due to manual processing, and an old payroll system can become very expensive. More companies are switching to cloud-native payroll platforms for these reasons, as they can take advantage of scalable OPEX-based subscriptions and frequent no-cost software updates.

Poor integration, and fractured payroll and employee data: Over 42% of companies complain that they lack payroll and HR data insight (https://apo-opa.co/4gjdamL), the prime culprit being poor or no integration between payroll and other business systems. Integrating traditional payroll software with other business systems and data sources is expensive and convoluted. Cloud-native payroll platforms have native integration capabilities and create data standards to remove conflicting information and data silos.

Time for a Change?

Companies that use cloud-native payroll platforms (www.PaySpace.com) are reaping benefits such as lower costs, more flexibility, better control over data and legislation, and continual improvements and new features to the base software.

These problems are most often caused by inflexible traditional payroll systems. If your payroll system or provider produces one or more of these issues, it’s worth investigating if you should switch to a better option. One change can have a massive positive impact on your costs, efficiencies, and employee relations.

Distributed by APO Group on behalf of PaySpace

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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