Thought Of The Week Archives - Page 32 of 33

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Thought of the Week | 13th Cheques: The end-of-year debate

It’s that time of the year again, and with it the topic of 13th cheques arises. Employees very often believe they have a right to receive one, and are aggrieved when they don’t. Employers are sometimes unsure as to whether

Thought of the Week | Domestics wage increase

The Department of Labour has announced the following new wage increase for domestic workers, effective 1 December 2015 to 30 November 2016: Those working more than 27 ordinary hours per week: Metro Areas Other Areas Hourly Rate R11.44 R10.23 Weekly

Thought of the Week | Tread lightly with the voetstoots clause

A patent defect is a defect which is clearly visible on a normal property inspection and it is a purchaser’s duty to satisfy himself with regard to a property’s general condition prior to concluding a sale agreement. A latent defect,

Thought of the Week | Knowing when to comply

Agreements typically have clauses requiring the parties thereto to do certain things by certain due dates, with consequences attached to non-compliance. The phrases ”business days” or “calendar days” are often used, but sometimes parties just refer to “days”. Section 4

Thought of the Week | Know what is expected of you as director?

Directors’ duties are partially codified in the Companies Act. A director is liable to the company for any loss, damages or costs, if he/she: acted in the name of the company without authority; acquiesced in carrying on of the company’s

Thought of the Week | Divorced, Update Your Will Within 3 Months!

An important aspect to consider when going through a divorce is whether or not your existing will correctly reflects your wishes. If your former spouse is still the beneficiary of your will signed prior to the dissolution of your marriage,

Thought of the Week | Non-Resident Property Owners

Transferring title in immovable property into the name of non-residents, generally follows the same processes as are required in respect of South African property purchasers. In both instances, our land registration system offers new owners security of tenure. However, additional

Thought of the Week | Windfalls and SARS

Being on the receiving end of an unexpected large sum of money is usually very pleasing indeed, but is SARS equally pleased? From a tax law perspective, a lottery winning must be declared to SARS but is generally regarded as

Thought of the Week | Fixtures and Fittings

You’ve sold your house. The new owner, a big rugby fan, gives you a call to remind you not to remove your built-in speakers, projector screen and satellite dish as he wants to throw a World Cup house warming party.

Thought of the Week | The Guardianship And Care Of Minors

How do responsible parents make provision for the care of a minor child in the event their death? The Children’s Act makes provision for parents to appoint a fit and proper person as guardian in their stead. This appointment can