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Filter: Commercial
When must a director disclose a financial interest?

08 February 2022,  Millisanté de Wee

Being a director in a company does not necessarily stop you from holding shares in other companies. However, should your company transact with another company in which you have a shareholding stake and from which you could potentially benefit, it becomes important that you disclose such financial interest to your co-directors, even if you can’t influence the transaction.

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1650
Article
Which socio-economic contributions can be recognised for my BEE scorecard?

14 June 2021,  Marc Naude

Our company will no longer qualify as an automatic EME and we will have to undergo a formal BEE verification. We have always tried to help our community with donations and allowing our staff to help with charities. Will this count towards our socio-economic development points?

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126
Article
The benefits of learnerships for your business

20 May 2021

I have been informed by a colleague that I may need to look at implementing learnerships to improve the BEE level of my company. How do learnerships work and can they really provide such a benefit?

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123
Article
Phantom share schemes – a very real option for incentivising your key staff

20 May 2021,  Mulalo Mokgoro

Our family owns a very successful agriculture company that has been built up over the years by our family. We have a number of employees that have also shown their value to the business and we would like to retain and reward them by giving them shares in the business. However, we feel strongly about the family nature of our business and don’t want a large number of shareholders with accompanying shareholder rights we have to involve in every decision. Is this possible to achieve?

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161
Article
Skills Development remains a vital aspect in your BEE planning

16 April 2021,  Kitso Tshipa

Our company falls under the Generic BEE Codes. As we are 51% Black-owned but under R50 million turnover we have not undergone BEE verification but relied on a signed BEE affidavit confirming that we are an automatic level 2 B-BBEE contributor. Now it appears we may exceed the R50 million mark this year and have to verify as a Generic Enterprise. As HR manager I have now been tasked with getting our skills development planning in place should we need to verify. Where do I start?

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150
Article
The final say on business interruption insurance and Covid-19

16 March 2021,  Brady Mac Pherson

I’ve been following the media reports relating to the Café Chameleon case and their claim that their business interruption insurance covers losses suffered due to Covid-19. The last I heard was that this case was being appealed by the insurer. I have a similar argument going with my insurers, and would like to know whether there is any finality yet on the matter.

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161
Article
Why the company secretary is a business superpower

15 February 2021,  Mulalo Mokgoro

The title “company secretary” brings to mind a picture of an administrative secretary who attends to scheduling of your diary and answering phones calls on behalf of your company. The company secretary is not the aforementioned but rather a specialised role regulated by the Companies Act of 2008. This position is mostly occupied by individuals or juristic persons who possess specialised governance knowledge with a legal qualification. A company secretary’s duties as regula...

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312
Blog
What you should know when SARS owes you a refund

04 February 2021,  Candice Reynders

I will admit that one of my favourite times of the year is lodging my tax returns. I am always optimistic that I will get something back from the taxman. Sometimes this optimism is unfounded, but there is always a chance. Let’s, however, assume that you get that confirmation that you paid too much tax in the previous financial year and now you have a credit with SARS.Here are the important things that you need to remember when SARS owes you a refund:1. Like all things SARS related, a refun...

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8699
Blog
5 reasons why POPIA is not a curse word

03 February 2021,  Damian Viviers

POPIA has for years, and especially since coming into effect on 01 July 2020, attracted significant attention. While this legislation does of course place new compliance obligations on businesses during a time of economic difficulty and uncertainty left in the wake of the COVID-19 pandemic, it is certainly not bad news, whether seen from a business or personal perspective. Here are five reasons why the coming into effect of POPIA is actually a really good thing:1. The flow of personal informatio...

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351
Blog

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