Please find below the BUSA statement on the ANC Economic Recovery Strategy, as well as the Economic Strategy presentation. If you have any queries in this regard, please submit them to Nozizwe Ndhlovu ([email protected] ). BUSA Media Statement ANC Economic Reconstruction Strategy Presentation
Below is the judgment handed down by the Pretoria High Court (the “Court”) on 3rd June 2020, declaring the Lockdown Alert Level 3, as read with the Lockdown Alert Level 4 Regulations, (the “Regulations”) unconstitutional and invalid. The Presidency media statement also appears below, for your information. In summary, the Court declared the Regulations unconstitutional…
Eskom Key Strategic Priorities Update Eskom System Status Briefing
SACCI President Adv. Mtho Xulu on SABC News calling for the expansion and diversification of critical sectors of the economy to create jobs. For the economy to bounce back from the COVID-19 shock, South Africa should deepen its manufacturing capacity to ensure greater economic independence. “For the new economy to be a reality, we expect…
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 Government intervention in post Corona recovery has to focus heavily on freeing employers of legal restrictions that constrain flexibility and productivity. Currently employers are hampered from surviving, prospering,…
This notice serves to remind interested parties that all rebate certificates issued by the International Trade Administration Commission of South Africa (“ITAC”) under Rebate Item 412.11/00.00/01.00 (“Rebate Item 412.11”) of the Fourth Schedule to the Customs and Excise Act, 91 of 1964 will expire at midnight on Sunday, 31 May 2020. ITAC will not be…
May 28 2020 As the country moves into alert level 3 in certain places on June 1 2020, the Small Business Institute calls on all SMEs in South Africa – both formal and informal – to prepare and sanitise their workplaces to receive the millions of workers and customers who are returning next Monday. At…
The South African Reserve Bank today released the First Edition of the Financial Stability Review 2020. The presentation and the publication can be viewed and downloaded below.
DearSA notches up another victory after “Free Exercise” campaign Civil society group DearSA has claimed another victory after President Cyril Ramaphosa announced that from 1 June 2020, South Africans were free to exercise at any time of day, provided they were not in groups. On Sunday, Ramaphosa announced a move from Alert Level 4 to…
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. Employers have normally disallowed external legal representatives to represent accused employees at disciplinary hearings. This is mainly due to the provisions of Schedule 8 of the Labour Relations…
Dear RCCI Members, Are you lying awake at night wondering if your team members are skilled to work remote? Working remotely without structure provided by a traditional office environment is challenging for many. It requires a specific type of character and competency, discipline and the ability to self-manage. Not all employees are hard wired to…
Business Day SME Matters on Tuesday 19th May with SACCI President Adv. Mtho Xulu
Statement of the Monetary Policy Committee Assumptions Forecast Repo fan
Greetings Networkers, Thank you for joining us this morning. Detailed below, notes from the meeting…. Business Model Innovation Thank you to Christopher Dickie of Blank Canvas Business Solutions for his insightful and thought provoking presentation. I attach a copy of Chris’ presentation but my main take-aways were…. Not every business can do a total pivot…
Business Rescue: Giving Your Business That Much-Needed Breathing Space from Creditors The Companies Act No. 71 of 2008 offers a remedy to companies that are indeed financially distressed but have the belief that there are reasonable prospects for rescuing the business, via the election to place themselves in voluntary business rescue. By a company electing…
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. When an employer contemplates disciplining an employee it is required by The Code of Good Practice: Dismissal (the Code) found in Schedule 8 of the Labour Relations Act…
‘Locked Down’ Trade Environment In April 2020, the strict lockdown regulations owing to Covid-19 took effect and outpaced the recessionary economic conditions. Trade conditions were badly affected and called for extra-ordinary efforts by businesses to keep afloat. The seasonally adjusted Trade Activity Index (TAI) declined by 11 points to 26 in April 2020 while the…
13 May 2020 My Fellow South Africans, This week, our country reached a sad moment in the progression of the coronavirus pandemic, as we recorded our 219th death from the disease. Every life lost is a tragedy. These 219 people who passed away had families, they had dependents, friends and colleagues. Their lives were cut…
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. Even serious assault might not merit dismissal if the employer is unable to show that the misconduct rendered the employment relationship intolerable. The Code of Good Practice: Dismissal…
This is an excerpt from an article published in the SP3 Financial Services May 2020 newsletter. You can read the full article here. There are significant obligations placed on directors by the Companies Act and personal and criminal liabilities if they fail to meet these obligations. As a director you will no doubt be focusing…
Dear Fellow South African, The entire world is in the unrelenting grip of the coronavirus pandemic, whose spread has been rapid. A vaccine has yet to be found. Across the world, over 3.4 million people are known to be infected and more than 240,000 have died. These are indeed desperate times. When the national state…
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. Since 1995 the Labour Relations Act (LRA) and Basic Conditions of Employment Act have been replaced with entirely new versions. However, as large as this body of legislation…