“…it cannot be right and proper to reinstate or re-employ a person in a position that was secured by the making of false statements” (Extract from a Labour Appeal Court judgment quoted in the case below) Employees and employers alike should be aware of a recent Labour Court decision which once again underlines the duty […]
When Is Dismissal Fair for a Fake CV? Read More »
SARS has released a media statement on Bitcoin in which it states that people dealing in Bitcoins or other cryptocurrencies are subject to normal Income Tax law in terms of gross income, tax deductions or Capital Gains Tax. SARS are treating Bitcoin not as a currency but as an intangible asset. If you are in
Bitcoin is Taxable! Read More »
“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and solvency – directors and owners are mandated to ensure the business can meet all its short term obligations. The best way to achieve this is via cash flow. As
Practical Tips on Cash Flow Read More »
When will the enforcement provisions of the Protection of Personal Information Act (“POPI” or “POPIA”) come into effect? Latest indications are that the Information Regulator will announce final Regulations and a commencement date shortly, but there have been so many delays already that we perhaps shouldn’t be holding our breath on that one. Three important
POPI: An Existing Risk, a Right Royal Ruckus, and the EU Deadline Read More »
The “new” Companies Act of 2008 promised to place greater accountability and liability burdens on directors. This was in response to directors being given greater powers in the Act. Importantly, the Act does not distinguish between non-executive and executive directors. What is required of you as a director? A director is to act in
Directors: The Steinhoff Debacle Highlights Your Exposure to Personal Liability Read More »
The new minimum wage provisions, originally due to start on 1 May but now reportedly facing delay due to the high number of submissions received from the public, will affect us all significantly. Assuming that the National Minimum Wage Bill’s provisions are enacted in substantially their current format, from implementation just under half of the
Minimum Wage Starts Soon: Make Sure You Are Ready Read More »
For ease of reference please find below – The new tax tables for individuals and trusts (with notes). The new tax tables for Small Business Corporations. Click HERE to view the tables.
You and Budget 2018: The New Tables Read More »
“What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as predicted and expenditure was inexorably increasing. The forecasted spending ceiling was breached and the
You and Budget 2018: It Could Have Been Worse! Read More »
Firstly, a warning to anyone selling or buying property to/from a trust – have your lawyer check upfront that you are adequately protected by the terms of the sale agreement. The problem is that contracting with trusts has its own specific set of rules and, as a recent High Court case illustrates, standard sale agreements
Trustees: Your Risk of Personal Liability in Property Sales Read More »
“Honesty is the best policy” (Benjamin Franklin) Employees have a general duty to act loyally, honestly and in their employers’ best interests, and amongst other things that entails avoiding any possible conflicts of interest. A recent Labour Court decision confirms that any breach of this duty risks dismissal. A long-service municipal employee dismissed An employee
Employees be Warned! A Conflict of Interest Can Get You Dismissed Read More »
