Microinsurance in South Africa is regarded as the next big thing, however there is still a lot to be learned about this growing area of insurance and how small businesses and their employees may benefit. Traditionally the microinsurance sector offered only funeral cover. However, since the Insurance Act of 2017 became effective on 1 July …
Increasingly, employees who reach “retirement age” have no desire at all to give up working, so they agree with their employers to stay on. That should be a win-win outcome but, as a recent Labour Appeal Court case shows, employers need to manage the process carefully and with due regard for the potential pitfalls. The …
A Million Rand Warning: Act When Employees Reach Retirement Age Read More »
We find ourselves in the midst of a deadly pandemic, yet incredibly stats suggest that up to 80% of South Africans have no “Last Will and Testament” in place. We discuss firstly how and why leaving your loved ones a will as part of a full estate plan will protect them, in their hour of …
Estate Planning and Wills: A Checklist to Protect Your Family Read More »
By midnight on 30 June 2021 you must be fully compliant with the Protection of Personal Information Act (POPIA) if you in any way process any personal information relating to a “data subject”. Very few businesses and organisations will fall outside that net, and even fewer will fall into any of the exemptions. The risks …
11 POPIA Questions to Ask Yourself Before 30 June 2021 Read More »
The Fourth Industrial Revolution (4IR) refers to the blurring of boundaries between the physical, digital, and biological worlds. It’s a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies. This leads to organisational and structural changes, some not so readily welcomed, particularly …
How SMMEs Can Benefit Financially from the Fourth Industrial Revolution Read More »
Cryptocurrencies are not new, but recent developments, including the massive gains they experienced since last year, have placed them under the spotlight. South Africans’ notable interest in them, and SARS’ renewed focus on the wealthy’s undeclared assets, together with its improved capabilities to track taxpayers’ transactions, suggest SARS is intentional about tracking these activities and …
If you employ anyone, whether as a business or as an individual, you will understand how strongly employee rights are enforced in South Africa, and how essential it is to comply with all applicable legislation. A dangerous myth in this regard is the idea that somehow there is a class of employees, usually referred to …
PAYE tax is one of the most frequently confused tax contributions both among employers and employees. It can cause anxiety, but it effectively only means that tax is being paid on behalf of the employee as it is earned, rather than at the end of the tax year, hence “Pay As You Earn”. Despite the …
The clock is ticking, and by 1 July 2021 you need to be fully compliant with POPIA (the Protection of Personal Information Act). Don’t fall into the trap of thinking “I can ignore this for now, I have until the end of June to do something about it”. Your business will benefit if you take …
Popia and your business: a practical 5-step action plan to implement now Read More »
While nobody wants to contemplate their own passing, we live in dangerous times and it is important to think about how your death will affect your loved ones financially. Planning appropriately can make a big difference to the impact that your family will feel. There are many taxes and costs associated with winding up an …
