Business Days Formula:
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Business days calculation determines the number of working days in a given period by excluding weekends (Saturdays and Sundays) and public holidays. This is particularly important for project planning, contract terms, and financial calculations in South Africa.
The calculator uses the following formula:
Where:
Explanation: The calculation accounts for complete weeks (each with 2 weekend days) and any additional weekend days in partial weeks.
Details: Accurate business days calculation is crucial for legal contracts, project timelines, service level agreements, and financial calculations like interest accrual in South Africa.
Tips: Enter the total number of days in your period and the number of South African public holidays that fall within that period. The calculator will automatically account for weekends.
Q1: How are weekends calculated?
A: Each full week contains 2 weekend days (Saturday and Sunday). Partial weeks are checked for additional weekend days.
Q2: What counts as a South African holiday?
A: Any officially recognized South African public holiday that falls on a weekday (Monday-Friday).
Q3: Does the calculator account for floating holidays?
A: No, you must manually input the number of holidays in your specific period.
Q4: Can I use this for periods crossing multiple years?
A: Yes, as long as you provide the correct total days and total holidays for the entire period.
Q5: What if my period starts or ends on a weekend?
A: The calculator properly accounts for partial weeks at the beginning or end of your period.