I fear that many private sector businesses have not yet published the prescribed Manual as required by PAIA. Has your company done so? The PAIA The Promotion of Access to Information Act 2 of 2000 as amended ("PAIA") in Section 51 requires the head of each private body to compile and publish a Manual of read more..
To become compliant with the PoPI Act does not happen overnight. Here are the ten things you must do now (in no specific order). You have to work at it. You also do not have much time left before the full force of the Act kicks in. The areas of our biggest concern are the read more..
A new model for governance and risk management issued Monday 20 July 2020 by the Institute of Internal Auditors (IIA) makes major updates to the Three Lines of Defense model that has been popular for years. Called “The Three Lines Model,” the new approach is designed to help organizations identify structures and processes that best read more..
Every day the media carries new stories of corruption. It always involves the ANC. Stephen Grootes refers to it as "How low can you go? The ANC’s never-ending race to the bottom." Today you can read about the faction fights at NEC level where the members of the top six are accusing one another. "Classic read more..
"The business rescue process of South African Airways, which, after almost eight months and billions of rand, is still not complete, has put the spotlight on whether business rescue is indeed a viable option provided by the Companies Act." says Carin Smith of Fin24. The success rate of business rescue in South Africa is approximately read more..
The most important document governing a company is the Memorandum of Incorporation (MOI). The MOI sets out the rules governing the conduct of the company, as specified by its shareholders. The Companies Act imposes certain specific requirements on the content of a Memorandum of Incorporation in order to protect the interests of shareholders. It provides read more..
Compliance with the PoPI Act is required by 1 July 2021. The PoPI-RAM toolkit will help you to comply with the Act. PoPI RAM is the acronym for the PoPI Readiness Assessment Module. All businesses need to assess the relative level of compliance readiness of all their respective departments responsible for the personal information of clients, read more..
BusinessTech.co.za reports that the Employment Equity Act (EEA) was established to achieve equity in the workplace through the elimination of unfair discrimination and the implementation of affirmative action measures. However, the law has developed substantially since its introduction, says Hugo Pienaar, a director at law firm Cliffe Dekker Hofmeyr. “A plethora of case law has come read more..
BusinessTech.co.za reports that the Department of Employment and Labour recently amended the Employment Equity regulations to include an updated EEA4 form applicable to ‘designated employers’. The objective of the EEA4 form is to collect information for the assessment of the remuneration gap between the highest-paid and lowest-paid employees and at the same time assess inequalities read more..
SA’s public servants are among the best paid in the world when measured against the size of the economy. Who says this? The Organisation for Economic Co-operation and Development (OECD). An intergovernmental organisation of 37 member countries, most of them among the world’s wealthier nations. It undertakes a survey of the economy of member and read more..