Author Archives: admin

3 Future ‘People’ Trends – Be Prepared

“Leadership involves finding a parade and getting in front of it” (John Naisbitt, futurist and author of ‘Megatrends’) A recent survey identified three major trends for the next five years – Multinationals get stronger If one were to take the … Continue reading

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Payslips Are Important! A Practical Guide to Getting Them Right

Getting payslips correct for your staff carries legal responsibilities for both you and the staff member. Payslips are of course often used in the public domain, such as for getting bank loans, and so they are a public reflection of … Continue reading

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You Don’t Need a Formal Enquiry to Dismiss an Employee

“Normally, the employer should conduct an investigation to determine whether there are grounds for dismissal. This does not need to be a formal enquiry. The employer should notify the employee of the allegations using a form and language that the … Continue reading

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You Need Independent Directors, not Herd Mentality

“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently.” (Steve Jobs when he was reinstated as CEO of Apple)  The Companies Act tasks directors to … Continue reading

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Running on Empty: Is Our Downgrade to Full Junk Status Coming?

To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister of Finance will present the Medium Term Budget Framework (MTBF). Ratings agencies will closely … Continue reading

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The Password Guru Got it All Wrong!

How many times have we entered a website and been asked to enter a new password which is at least 8 characters long and contains 1 capital letter, 1 number and 1 symbol like “@”? We end up with a … Continue reading

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SARS’ Plans to Tax Income Earned Abroad

As the law currently stands, if a South African tax resident works abroad for 183 days or more (of which 60 days must run consecutively) in a year, that person is not taxed locally on foreign based earnings. Treasury has … Continue reading

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Your Will: The Master of the High Court Wants Qualified People to Assist “Lay” Executors

Many people nominate either their spouse or children to be the executor/s of their deceased estate. When the nominated person presents him or herself to the Master of the High Court (“the Master”) to get their Letter of Executorship, they … Continue reading

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Directors’ Meeting Minutes: Why Are They so Important?

The Companies Act (the Act) gives directors the power to run and manage the company’s business. In return it places responsibilities and personal liabilities on directors who do not fulfil their fiduciary duties. What is required of directors’ meeting minutes? … Continue reading

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