Victims of Crime have strong rights – see “The Victims’ Charter” on the National Prosecuting Authority website http://www.npa.gov.za/files/Victims%20charter.pdf. That’s all very well in theory, but to make our rights real it is up to us all to claim them, and to…
Directors Part 2 – How To Limit Your Liability
“The biggest risk is not taking any risk… In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” (Mark Zuckerberg, founder of Facebook) Your increased risk of personal liability is compounded…
Directors Part 1 – Your Duties, And Your Risk
Your risk of personal liability for any “loss, damages or costs”, sustained through your actions (or omissions) by any company of which you are a director, has risen sharply since the new Companies Act came into force in 2011. …
Security Estates Beware: Your Levies At Risk If Owner Goes Under
There are many advantages to living in a security estate, provided that the HOAs (Home Owners Associations) which normally run them are financially sound. Since HOAs rely on the collection of levies from members to fund communal expenses, they should…
Be careful signing suretyships! and what to do when things go wrong.
R16,6m – that’s how much (plus interest and costs) the High Court recently ordered two sureties to cough up in their personal capacities. The sureties had, as trustees of a property development trust, signed surety for the trust’s loan from…
Employers: another strike warning from our Courts
Last month we considered the case of a trade union fined R500,000 for contempt of court after it failed to take sufficient steps to dissuade and prevent its members from continuing with “violent and unlawful actions” during a strike. This…
Why you must make a Will – now!
It’s easy to procrastinate when it comes to making a will. None of us wants to dwell on our mortality, but of course the reality is that it’s a not a case of planning for “If I die”. We have…