Employer Responsibilities re vaccination in the workplace

Posted 22 June 2021

The Consolidated OHS Direction requires employers, among other things, to decide within 21 days if they intend making vaccination mandatory. An employer is also required to include in its risk assessment whether it intends to make vaccinations compulsory – this consists of three steps.

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Do we need to enhance disclosures in SA audit reports?

Posted 22 June 2021

The IRBA (Independent Regulatory Board for Auditors) has approved the release of the Consultation Paper - Enhancing Disclosures in the Auditor's Reports in South Africa: Addressing the Needs of Users of Financial Statements.

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POPIA: Code of Conduct for BASA

Posted 17 June 2021

The Information Regulator (South Africa) is in receipt of a Code of Conduct from the Banking Association South Africa (BASA) that deals with how personal information will be processed by member banks.

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UIF Contribution Threshold increased

Posted 15 June 2021

The maximum remuneration on which Unemployment Insurance Fund contributions are calculated has increased to R17 712.00 per month, effective from 1 June 2021.

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Who is eligible to be licensed as business rescue practitioners?

Posted 14 June 2021

CIPC has published an updated List of Accredited Professional Bodies whose members are eligible to be licensed as business rescue practitioners as at 9 June 2021.

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Be aware: CIPC is enforcing the Companies Act

Posted 11 June 2021

CIPC has published a settlement agreement to create and raise awareness with all registered companies to adhere and comply with the provisions of the Companies Act 71 of 2008, as amended.

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Competition Commission’s draft guidelines on small merger notification

Posted 10 June 2021

The Competition Commission has released proposed amendments to its guidelines on small merger notification, which are set to take effect after 7 June 2021.

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Taxing Times: What the post-Covid world means for taxes

Posted 18 June 2020

As we enter the post-Covid phase, governments will be forced to adopt pro-growth tax strategies while at the same time working feverishly to recover as much revenue as possible.

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It just got much harder to litigate consumers into bankruptcy

Posted 08 June 2020

After Western Cape High Court gave Standard Bank the boot. 

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A thundering defeat for government over lockdown regulations

Posted 02 June 2020

The Pretoria High Court on Tuesday 2 June 2020 delivered a thundering defeat to government over its "irrational" lockdown regulations, which should open the way for a rapid return to economic normality.

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Banks launch online application portals for Covid-19 SME loans

Posted 13 May 2020

The major banks this week launched their online portals providing loans to small and medium-sized businesses that may not be able to meet their financial obligations during the lockdown and when the economy reopens.

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You don’t qualify for bank assistance? Good, you’ve dodged a bullet

Posted 28 April 2020

The relief packages offered by banks could be the cause of untold legal cases in the months to come.

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30% of SA businesses cannot survive a one-month lockdown

Posted 24 April 2020

We now have a better sense of the impact the lockdown is having on the economy, and it’s not pretty.

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Guide for accountants during lockdown

Posted 23 April 2020

The SA Institute of Business Accountants (Saiba) has issued a guide to its members clarifying what services can be delivered during lockdown.

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Ramaphosa announces massive R500 billion coronavirus stimulus programme

Posted 21 April 2020

President Cyril Ramaphosa on Tuesday announced a R500 billion coronavirus stimulus package and sweeping structural reforms to get the economy back on track.

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Counting the economic cost of the lockdown

Posted 21 April 2020

As South Africa enters the fourth weekend of the Covid-19 lockdown, the economic and social consequences are now becoming more apparent. And it doesn't look good.

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Here are some alternative funding sources for cash-strapped businesses

Posted 16 April 2020

Fintech companies offering 90-minute loan approvals are seeing a spike in loan applications 

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Here's the Covid relief being offered by the commercial banks

Posted 01 April 2020

It's a bit of a damp squib really.

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Dept of Labour causing confusion over annual leave statement

Posted 30 March 2020

The Department of Labour is causing confusion over its statement that employers should not force employees to take their annual leave during the Covid-19 lockdown period.

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How one church is taking on the Coronavirus

Posted 29 March 2020

Here's a case where prayer alone won't cut it. Church of Scientology Volunteer Ministers are using the world's highest grade decontamination technology to wage war against the deadly virus.  

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South Africa’s coronavirus debt relief now live

Posted 24 March 2020

President Cyril Ramaphosa this week announced that SA is to go into a 21-day lockdown from 26 March 2020 in an effort to combat the spread of the Covid-19 virus. Here are some of the key support measures for businesses, employees and the poor:

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The great foreclosure rip off

Posted 16 March 2020

January’s interest rate cut has effectively wiped out all mortgage bond arrears, say consumer activists. But you won’t hear that from your bank.

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Court decision opens the way for consumers to recover billions in over-charges

Posted 17 December 2019

The Cape High Court on Friday delivered a damning judgment against credit providers for over-charging on legal fees and interest in contravention of the National Credit Act (NCA) which came into force in 2007.

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The days of banks suing you in the high court are over

Posted 03 December 2019

The banks from hereon must argue their cases in the much cheaper and more accessible magistrates' court. 

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Congratulations, your mortgage arrears have been extinguished

Posted 24 July 2019

Last week’s 0.25% per annum interest rate reduction extinguished the arrears on tens of thousands of mortgage bonds. That’s the claim being made by several property owners in cases before the courts involving multiple banks.

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