Archive for Jun 2011

CC’S UNDER THE 2008 COMPANIES ACT

The effective date for the implementation of the new Companies Act was 1 May 2011. As of that date, it will no longer be possible to register (form) a close corporation. CC’s registered before 1 May 2011 will continue to exist and will continue to be dealt with by CIPC (the Companies and Intellectual Property…

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OVERTIME, WORK HOURS: THRESHOLD UP ON 1 JULY

The Basic Conditions of Employment Act limits the hours that an employee may be required/allowed to work, but employees whose earnings exceed a specified threshold are excluded from these protections. This earnings threshold increases on 1 July, and the practical effect is that employees who earn between R149,736 a year (the previous threshold) and R172,000…

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