“In the middle of difficulty lies opportunity” (Albert Einstein) It seems as though 2016 has a rough ride in store for us but as the wise old saying has it: “Fortune favours the brave”. Just remember to mix a good
PAIA MANUALS: ANOTHER LAST MINUTE EXTENSION
“Procrastination is the thief of time” (Edward Young, 18th c. poet) If your business is one of those (mostly smaller – see below) businesses temporarily exempted from lodging your PAIA manual until 31 December 2015, you will be happy to
LANDLORDS – KNOW YOUR RIGHTS IN BUSINESS RESCUE
Our business rescue legislation aims to save, wherever possible, any company in financial difficulty from total collapse and liquidation. So for example the BRP (Business Rescue Practitioner) appointed to run the rescue process has the power to suspend any of
WHEN CIPC DEREGISTERS YOUR COMPANY …
If, for whatever reason, the Companies and Intellectual Property Commission (CIPC) did not receive your company (or CC)’s annual return on due date, it will assume that the company is inactive and will start the deregistration process – the legal
BUREAUCRATS AND BRICK WALLS: FIGHT BACK!
“Bureaucracies are inherently antidemocratic. Bureaucrats derive their power from their position in the structure, not from their relations with the people they are supposed to serve” (Alan Keyes, American politician) Fighting red tape is a growing problem worldwide, and we
DIRECTORS: ENVIRONMENTAL LAW AND YOUR INCREASED PERSONAL LIABILITY RISK
Government and our courts are serious about protecting the environment, and NEMA (the National Environmental Management Act) is being strictly enforced. A new amendment to NEMA provides that directors (and members of CCs) are now jointly and severally liable “for
THE AUGUST WEBSITE: ENTREPRENEURS AND THE SILVER BULLET
“Silver Bullet, noun: A simple and seemingly magical solution to a complicated problem.” (Oxford Dictionaries) We all dream of finding one simple piece of advice that will magically deliver business success, but of course it’s a lot more complicated than
BUSINESS BUYERS: DON’T DROP THIS BALL!
Before you buy any business, its goodwill or its assets, take legal advice as to whether or not the sale must first be advertised in terms of the Insolvency Act. Bye-Bye Business If the Act requires the sale to be