Enhancements to the South African Reserve Bank’s open market operations
Media statement 31 July 2020 Enhancements to the South African Reserve Bank’s open market operations The South African Reserve Bank (SARB) continuously reviews the appropriateness and effectiveness of its open market operations (OMOs), and makes amendments where necessary. Recently, a review of the toolkit for OMOs was undertaken. Based on the review, the following changes…
Directive on Compensation for Workplace-Acquired COVID-19
The Department of Employment and Labour has issued the attached Directive to clarify the position of the Compensation Fund with regard to the compensation for claims for workplace-acquired COVID-19.
Schindlers Attorneys Upcoming Events – 03 August 2020
Click the image above or visit our website at https://www.cobra.org.za/ to register for all of our upcoming free COBRA webinars as well as to view recordings of all our previous webinars. The coronavirus (COVID-19) global pandemic has brought additional strain to an already struggling South African economy. IQbusiness, Schindlers…
Power tariff set to rise to 128c/kWh in 2021 after Eskom wins Nersa battle over R69bn equity injection
By: Terence Creamer In a scathing judgment made on July 28, the court declared as illegal the National Energy Regulator of South Africa’s (Nersa’s) decision to deduct a R69-billion equity injection into Eskom from its allowable revenue for the period 2019/20 to 2021/22 and has instructed that the full amount be added back to the…
New Small Business Ombudsman Bill To Be Tabled
Small Business Development minister Khumbudzo Ntshavheni says that she plans to table the Small Enterprise Ombudsman Services Bill shortly. Presenting her budget vote speech in a virtual parliamentary meeting on Tuesday (28 July), Ntshavheni said that the aim of the bill is to provide a more affordable dispute resolution and arbitration mechanism “South African small…
Overdue Invoice Register
The Overdue Invoice Register is an initiative of Sustainability of SMEs NPC [a Non-Profit-Company] supporting SMEs to survive & thrive – by providing a shared platform to highlight the impact of overdue invoices and late payers. Kumaran Padayachee, an entrepreneur involved in funding SMEs for 25 years and being in the engine room of the SME ecosystem – was the…
Business For South Africa Member Update
BUSINESS FOR SOUTH AFRICA PREDICTS COVID-19 DEATHS TO PEAK IN LATE AUGUST; CALLS FOR BEHAVIOUR CHANGE AND ECONOMIC REFORM Business for South Africa (B4SA) calls on business and all South Africans to continue to take preventative action to curb the rapid rate at which COVID-19 is spreading through the country. The steep and dramatic surge in…
Update On Covid-19 Loan Scheme
The Covid-19 Loan Guarantee Scheme was set up to help ease some pressure off qualifying businesses negatively affected by low economic activity following the global lockdown imposed to reduce the spread of COVID-19. It has been reviewed to make it easier to access. Some of the changes include that bank credit assessments and loan approvals…
Prove Intolerable Employment Relationship Dismissing
BY Ivan Israelstam, Chief Executive of Labour Law Management Consulting. He may be contacted on (011) 888-7944 or 0828522973 or on e-mail address: [email protected]. Go to: www.labourlawadvice.co.za Labour law accepts the firing of guilty employees only if dismissal is the last resort. The Code of Good Practice: Dismissal provides that, where employers are considering dismissing…