Prescribed PMBs and medical savings accou
The interpretation of prescribed minimum benefit (PMB) regulations, which the Council for Medical Schemes (the Council) has adopted has been, and still is, the subject of much debate. This has predominantly involved Regulations 8(1) and 8(2) relating to the “pay in full” and “designated service provider” provisions. Regulation 10(6) is, however, also relevant, perhaps more […]
Contract cancellation by email comes up trumps
Modern business is fast-paced, often concluded in a rush of e-mails, phone calls and even by SMS or WhatsApp. The law can be slow in keeping up with advancements in technology and needs to be adapted and interpreted by courts in a way that is sensible in the 21st century. Often a contract will contain […]
Taking legal matters to new frontiers
law firms in town. Many are big national names. However, one of these firms fiercely guards its independence as a home grown success story that can better rise to the challenges faced by Durban companies. Michael Jackson, the managing partner at Cox Yeats, which offers a wide range of commercial legal services, believes the somewhat […]
Share restructure adds new dimension to business growth
A share restructure usually requires approval &om 75 percent of its shareholders.
The Mining Charter and BEE – step-by-step process
The Mining Charter, published in August 2014, required all mining companies to achieve 26% black ownership within 10 years.
Interest rates have a significant effect on legal claims
In South Africa, the price of electricity, water, fuel and money is regulated. In recent tlllles, the price of money, in the form of Interest rates,has been set relatively low by the SA Reserve Bank. This, In turn, has resulted In lower lending rates from commercial banks.
Can the state invoke a defence of No Budget No Pay
Can the state Invoke a defence of “No Budget No Pay” to a service provider’s claim? A recent Supreme Court of Appeal (SCA) decision addressed this question.
Ensure the way you set up a firm serves your interests
Establishing a private Ecompany in South Africa has never been easier, what with an entire industry committed to new company registrations.
Be aware of the red tape that can cause costly delays
To provide jobs for the unemployed, the economy needs to grow. Investment in the construction, mining or agricultural sectors could provide a boost and attract much-needed foreign investment.
Promoting good governance of community schemes
The Community Schemes Ombud Service Act, 9 of 2011 was passed by Parliament in 2011. It will come into force on a date to be determined by the President once the Regulations have been published. The Act will potentially bring about a change in the manner in which community schemes are managed in South Africa.