Dangers of voting against a business rescue plan
Creditors take heed: Not understanding business rescue and the Companies Act 71 of 2008 could see you voting against the business rescue plan. A creditor could be forced to sell his voting interests and claims against the company for little or no value to any affected...
POPI benefits SA companies
The Protection of Personal Information Act (POPI) is being seen as a compliance nightmare, but it could also be highly beneficial for South Africa, delegates heard at the IDC - Fortinet Advanced Threat Protection Network Security Conference in Sandton. The act is...
A signed e-mail can be a signed contract
In one of the most important judgments on contract law in recent years, the supreme court of appeal found that the exchange of e-mails by parties to a contract with each of the parties typing their first names at the end of the e-mails was sufficient to cancel a...
Certification places SA in global top three
ACORD (Association for Co-operative Operations Research and Development), the global non-profit organisation serving the insurance and related industries through the development of open consensus data standards and standard forms, offers a number of certifications in...
BSI wins ISO 27001 certification
Bytes Systems Integration (BSI) has enhanced its ISO certifications by adding the internationally recognised SANS / ISO 27001 certification - the information security management standard, to the company’s ISO 9001:2008 certification, which enhances its commitment to...
Major shakeup for debt collectors
Debt collectors in South Africa have been dealt a major blow, with the latest legislation demanding that any debt over three years old cannot be chased for collection. This new law is placing tremendous stress on debt collectors and on call centres that collect debt...
Understand how to comply with POPI
With the Protection of Personal Information Act (POPI) now in play, and the appointment of the Information Regulator and subsequent commencement imminent, businesses and professionals need to know how POPI will impact them. It is with this that Innovatec Africa in...
Excluding IT hinders ABC compliance
A well designed ABC compliance programme usually comprises of a number of prevention, detection and response elements, but many ABC due-diligence plans fail to involve the information technology (IT) department. This piecemeal approach is the Achilles Heel of ABC...
The time to act on POPI is now
Aside from suffering reputational damage, losing customers and failing to attract new ones, and paying out millions in damages to a civil class action, not complying with the Protection of Personal Information Act (POPI) once it comes into effect could cost you up...
Solving your e-discovery challenges
eDiscovery, the process of discovery in litigation in electronic formats, requires proactive management of information and records for potential eDiscovery requests, says Bryan Balfe, enterprise account manager at CommVault. Various corporates, legal and IT...
ESA’s impact on job vacancies
In a bid to raise productivity, reduce unemployment and ensure training for unskilled or marginally-skilled workers, the South African government recently introduced the Employment Services Act (ESA) 4 of 2004, says Gareth Cremen, partner at Ramsay Webber Attorneys....
POPI and the issue of privacy
The recently enacted Protection of Personal Information (PoPI) Act, which sets conditions for how organisations can process information, has caused significant upheaval in the South African business environment, says Professor David Taylor, data privacy officer at...