The definition of unfair labour practices according to South African law is:
“Unfair labour practice means any unfair act or omission that arises between an employer and an employee involving –
Unfair conduct by the employer relating to the promotion, demotion, protection (excluding disputes about dismissals for a reason relating to probation) or training of an employee or relating to the provision of benefits to an employee.
The unfair suspension of an employee or any other unfair disciplinary action short of dismissal in respect of an employee
A failure or refusal by an employer to reinstate or re-employ a former employee in terms of any agreement; and
An occupational detriment, other than dismissal, in contravention of the Protected Disclosures Act, 2000 (Act No. 26 of 2000), on account of the employee having made a protected disclosure defined in that Act.”
Retrenchment in South Africa – Job security is important for everyone. Moments of uncertainty may arise when the security is threatened. It can become much simpler when you know some of the reasons that cause uncertainty.
Retrenchment and its implications:
The current economic climate has pushed many organisations towards making changes. Restrictions in growth and cutting down on expenses has meant that there have been many more retrenchments. Read more
Some of the most common reasons people want to leave their jobs include lack of recognition and no correlation with reward and effort. Make sure that you are leaving after having expressed your grievances to your superiors fully. If there are no alternatives and you are ready, and then move on.
Be realistic about your safety net
It may be exciting to leave your job, but it’s highly important to be realistic about how long your savings will sustain you for. It’s always advisable to have at least 12 months of savings in a liquid account so you can access the cash when you need it. Read more
A good marketing strategy attracts the right kind of business. It’s important to examine each part of the strategy, to ensure that you achieve maximum benefits.
What is a marketing plan?
This is a document that spells out the company’s goals and the proposed strategies and business tactics that can be used to achieve them. It should be flexible and should reflect current trends to help you stay ahead of competitors.
Important steps to consider: Identify the audience each activity is targeted to: Read more
Property investment is a venture many people seek to get into at some point in their lives. This is mainly because the benefits it provides more often than not seem highly lucrative to prospective investors. Investing in commercial property is often viewed as a simple way to gain returns.
What is commercial property?
Commercial property includes structures such as retail buildings, office buildings, apartment buildings, industrial buildings and warehouses.
What are the pros of investing in commercial property?
Income potential: There is greater earning potential and more financial rewards compared to residential property investment. Read more
With the fast-paced lifestyle many people live these days, convenience is king. Capitec Cellphone Banking is a well-designed product that makes it easy for individuals to manage their finances. The handy banking app is becoming more popular in light of the growing trend of mobile banking in South Africa.
Capitec’s Remote Banking App (Android and iPhone) for smartphones provides clients with simple banking solutions on the go. Secure and free, this app helps clients save money by helping them avoid service fees. There are also additional benefits that come with Capitec Cellphone Banking: Read more
Entrepreneurs usually have a vision of how they want to run their business. Achieving this vision means that they need to choose the best type of business ownership. Here are the various business types you can register in South Africa:
Sole Proprietor: The simplest business entity, sole proprietorships are businesses started and owned by individuals. There is no separation of assets and liabilities and these businesses cannot have partners, but only employees. The sole proprietor is held personally liable for any debts that the business incurs. Read more
Forming a business goes beyond having a vision and business sense. There is also a substantial amount of legal proceedings involved. Having a company also means that it will need to be recognised as a legal entity. This way, the company can receive necessary legal benefits and will be compliant with all necessary requirements.
What is a Memorandum of incorporation?
Before implementation of the Companies Act of 2008, companies had to be registered by way of both a Memorandum of Association and Articles of Association. Once the new Act was enforced, companies had to register with a single Memorandum of Incorporation (MOI). Read more