Budget 2020: Tips for Tito – Make Your Voice Count!

Every year the Minister of Finance asks us what we would like to see in the budget and a “Budget Tips” portal on the National Treasury website is open. This year he asks in particular for our views on “What can government do to achieve faster and more equitable economic growth?” Your voice is important! We’ll show you how to be heard, with hyperlinks to the channels you can choose from. To give you the idea, last year there were many differing tips ranging from the amusing and the serious to the overly optimistic….

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Lying About Qualifications – Prison Time for Employees on the Horizon

Employees are the lifeblood of any business, but if they are incompetent and under-qualified they can also be its death knell. That’s why the growing phenomenon of employees lying about their qualifications is such a problem. The employer must now contend not only with the business risks of having someone unqualified in place, but also with the nightmare of a labour law issue. That’s why new legislative amendments (not yet in place but certainly on the horizon) are so welcome. Both duplicitous employees, and the fraudulent academic institutions that often enable them, will face serious criminal penalties…

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Directors: Be Careful, You Will Be Held More Accountable In 2020

Being a company director (or a senior manager) comes with onerous duties and risks which require constant management. And 2020 is shaping up to be a year in which you will find yourself under increasing scrutiny, with the NPA now showing a distinct appetite for charging delinquent directors criminally, and with the ongoing risk of personal liability and class actions by trade unions and other stakeholders. We discuss the standards to which you are held by the Companies Act and remind you of several specific and growing risk areas, not all of them immediately obvious but all of them important.

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Small Businesses: How to Survive and Thrive

SMMEs (Small, Medium and Micro-Enterprises) play an integral role in our economy, and it is alarming therefore to read recent research showing that a massive 70% - 80% of South African small businesses fail within five years. Why the high failure rate? What factors contribute to the success or failure of small businesses? Why are some entrepreneurs more successful than others, and what characteristics should you have (or develop) to maximise your own chances of success? What can government contribute?

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Take Advantage of the Venture Capital Company Allowance While You Can

Here’s some good news in the form of a way to save tax (a lot of tax), make a good investment, and directly boost both our economy and our SMEs - all in one go. That’s where the VCC (Venture Capital Company) Allowance comes in. We’ll have a look at the substantial savings you (or your trust or company) can achieve by using the allowance correctly; at how it works both initially and subsequently; at the need to beware of costs; and at how “finding a gem” could give you a (very) substantial after-tax return. We share some practical examples to illustrate, and end off with a warning to act quickly – the allowance is planned to fall away at the end of June 2021.

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