New Requirement of an Independent Trustee for a Trust
Introduction After the “abuse of the trust form in business dealings” as pronounced on in the case of Land and Agricultural Bank of SA v Parker and another1 the Chief Master has issued a directive that requires that all trusts registered for the first time or that are considered “family business trusts” appoint an independent…
Entries for the Eskom Business Investment Competition NOW OPEN
The Eskom Business Investment Competition is an annual entrepreneurship competition, which started in 2007, and is run by the Eskom Development Foundation. It is aimed at recognising and rewarding small and medium businesses that are significantly contributing to the fight against unemployment and poverty and growing the economy. Black-owned small and medium enterprises in the…
Important Changes to the Financial Intelligence Centre Act
Introduction This article considers the amendments introduced by the recently promulgated Financial Intelligence Centre Amendment Act No. 1 of 2017 (the “FIC Amendment Act”) and the effects in relation thereto. The Amendments require that Institutions understand their relationships with their customers rather than only identifying them and, accordingly, apply the appropriate risk mitigation controls. Read…
Handling Off-site Misconduct
What rights do employers have to discipline employees for misconduct perpetrated outside the workplace? BY lvan lsraelstam, Chief Executive of Labour Law Management Consulting. He may be contacted on (011) 8887944 or 0828522973 or on e-mail address: [email protected]. Website address: www.labourlawadvice.co.za. This article first appeared in The Star. While employers have very few rights under…
City of Johannesburg continues the fight against charged officials
09/06/2017: City of Johannesburg continues the fight against charged officials During a meeting of Council held Thursday, 08 June 2017, after considering a report prepared by an independent investigator, Council resolved to initiate disciplinary processes against two senior managers whom it had previously suspended. Council also resolved to investigate allegations of misconduct against another senior…
Save The Date – Ignite – Connect – Empower
Randburg Chamber of Commerce and Industry (RCCI) announces the launch of its dedicated business, tourism and area promotion partnership with Future City Fourways (FCF). Operation Ignite is here. Randburg Chamber of Commerce and Industry (RCCI) is thrilled to announce one of the most exciting and wide ranging business stimulation operations the City of Johannesburg has…
Government Tender Bulletin 2968
Government Tender Bulletin 2968, published on 9th June 2017
Mauritius National Budget Highlights 2017/2018
From the Board of Investment Mauritius eNewsletter: Dear Investors, I am pleased to introduce the special edition of the Board of Investment’s newsletter focused on the 2017/18 Budget presented this afternoon by Honourable Pravind Kumar Jugnauth, Prime Minister and Minister of Finance and Economic Development. Read the full newsletter below:
Does E-toll debt prescribe?
Introduction With an estimated 3 million drivers defaulting on E-toll payments and an alleged 6 286 summonses prepared by SANRAL, this article examines whether any of the E-toll debt owed by the defaulting drivers may have prescribed, and whether non-payment of that prescribed debt could result in criminal prosecution by SANRAL. Does E-toll debt prescribe?…
SACCI Business Confidence Index Report – Wednesday 7th June 2017
SACCI PRESS RELEASE – BUSINESS CONFIDENCE INDEX Wednesday 7th June 2017 Tentative Business Climate SACCI today released the May 2017 SACCI Business Confidence Index (BCI) at its Offices in Rosebank, Johannesburg. Heightened political tensions, additional economic policy uncertainty and lower credit ratings by rating agencies that converged towards the end of March 2017, continued to…
BREAKING: Six arrested in connection with Northcliff kidnapping and triple murder
NORTHCLIFF — Police confirm the suspects were arrested between last night and this morning. Police have confirmed six suspects have been arrested in connection with the Naidoo family kidnapping and triple murder. Read the full article on the Northcliff Melville Times website: BREAKING: Six arrested in connection with Northcliff kidnapping and triple murder
Business Approach to Economic Transformation
Please find below the updated background document outlining a Business Approach to Economic Transformation. It incorporates the work of the Think Tank and feedback from the Policy Committees. The document has been discussed and endorsed by the BUSA Board, for the purposes of your internal member consultations. The Board has considered the document and provided…