Legal remedy for contractors to enforce payment
In many instances, contractors put in all the work and comply with the terms of the agreement; however, they receive less or no payment. In the event that the contractor has performed in terms of the contract, but refused payment, there are legal grounds available to the contractors to pursue legal action and recover payment […]
Requirements to restore a deregistered company
There are various circumstances in which a company (or close corporation) can become deregistered at the CIPC. The company itself can apply for deregistration at the CIPC, for any number of reasons. If a company has not submitted and paid its annual returns for more than two successive years, the CIPC will inform such a […]
Stop over analysing and become more productive
When working on projects with a multiplicity of components, making correct and timely decisions is critical to productivity and progress. However, the weight of each individual decision can feel like a large burden that hinders progress rather than encourages it. This struggle to make decisions and know when to take action is called analysis paralysis. Analysis paralysis, in the simplest sense, is the trouble created when you are presented with […]
The POPIA is in effect: What this means for you
Data is everywhere. In fact, because of the nifty autosave setting on the word processer used for writing this sentence, new information is being added to the Internet as it is typed. Every day we are engaging in hundreds or even thousands of little data exchanges. When we take stock of these minute transactions, it’s […]
Investing in the interest cuts
While the drastic interest rate reductions of 2020 have brought with it new financial opportunities, caution should be taken when decisions are made that rely on these lowered rates. Since January 2020, the interest rate has been cut by 2,5% and currently stands at 3,75%. With such low interest rates, it is understandable that borrowers are looking […]
Does force majeure apply during COVID-19
Common Law position – in absence of a “force majeure” clause A force majeure is an act of God or man (such as a war, strike, riot, crime, plague, or an event described such as a hurricane, flood, earthquake, volcanic eruption, etc.), that is unforeseeable, out of the reasonable control of the parties to a […]