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Youth Employment Tax Incentive Extended for Ten Years

Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally.   Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for …

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Directors at war and the liquidation option – A tale of sibling rivalry

What happens when a company’s board is deadlocked to the extent that directors can no longer agree on the decisions vital to the proper running of the company and its business? If all else fails (and this is usually a last-prize option), liquidating the company and placing it into the hands of independent liquidators may …

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Business rescue: Are your suretyships enforceable? A R5.5m lesson for directors and creditors

When a company goes into business rescue, creditors are often in for a beating. So as a creditor, if you had the foresight to cover your position upfront with personal suretyships from individuals with assets (normally the directors of the debtor company), you will no doubt be keen to recoup your losses by calling in …

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Staff News

Each year, BGR’s social committee choses an organisation in need of support.  Support means spending time, or making a financial contribution – the directors always match the amount raised. For the second year in a row, staff visited the Sean Kelly Centre (Association for the Sensory Disabled).  Last year staff painted the jungle gym, this …

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COMPANIES: DON’T INADVERTENTLY ENCOURAGE UNETHICAL BEHAVIOUR

What causes dishonesty in businesses? It’s an important question, with one survey showing that a whopping 41% of staff in a particular company had observed unethical behaviour over a 12 month period. That despite the common perception that most people are inherently honest. Of course a lack of ethical or unlawful conduct is the last …

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FICA: Will the Revised Act Still be a Four Letter Word?

The Financial Intelligence Centre Act (FICA) has been operating since 2001 but lately has been revised to bring it into line with global practices and to sharpen its focus of fighting money laundering and terrorism financing. So common has FICA become that people and banks now talk about “being FICA’d”. The outcomes of FICA before …

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