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The human element to selling a business

When selling a business as a going concern, Section 197 of the Labour Relations Act (LRA) applies and regulates the transfer of employment contracts where the whole or part of a business is sold (transferred) as a going concern to a purchaser. Simply put, the new employer (the purchaser) is automatically substituted in the place […]

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As-And-When Commission as the cure for miss-selling

The FSB invited input from 5 representative bodies on a proposed discussion document on “intermediary services and related remuneration.” In today’s article, we focus on one aspect: the considerations concerning risk business, including short-term and life assurance. The following questions form part of a more exhaustive list: Do stakeholders agree that a shift towards an […]

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Registration Blues

Preparing for, and writing the regulatory exams, is enough of a challenge for the majority of candidates. You do not want to be burdened by concerns about administrative glitches, or misunderstandings when you finally make your fearful way to the exam centre. Unfortunately, this happens. We provide some guidelines below to help you take this […]

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Satisfying indeed…

Proteas The last time the Proteas came back from the land of the long white cloud in 2003 /2004 it was with a taste of bitterness and humiliation as they drew the test series one all and lost the ODI’s 5 -1. The touring group felt the need to rectify this from a South African […]

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Happy Hour

Four old retired guys are walking down a street in Manchester. They turn a corner and see a sign that says, ‘Old Timers Bar – all drinks 10 pence’. They look at each other, and then go in, thinking this is too good to be true. The old barman says in a voice that carries […]

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Household savings: how does South Africa fare?

Global Finance magazine provides the following description of the term and some recent trends: Household saving is defined as the difference between a household’s disposable income (mainly wages received, revenue of the self-employed and net property income) and its consumption (expenditures on goods and services). The household savings rate is calculated by dividing household savings […]

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Stop telling me about the RE's!

A subscriber expressed his irritation with the weekly articles on the regulatory exams. “Please can you refrain from sending me info on the FSB EXAMS. I AM FULLY AWARE that the exams need to be written and Moonstone MAKES MONEY AND THEREFORE PROMOTES them. The promotion emails never stop and I complained to my compliance […]

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Jy moet konsentreer my Kind!

Die groot verskil tussen die Bulle en die ander SA spanne die naweek was hul vermoë om vir 80 minute te konsentreer. Dalk kan mens ook die Lions hiervoor krediet gee. Hulle het so byna die WP se tjank afgetrap in ’n wedstryd wat die verloorders baie langer sal onthou as die wenners. Die Reds […]

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It’s all to play for!

The Black Caps looks set to play an additional batsman and forgo the four man seam attack for the last and final test. Perhaps a test too late, but they have identified the Protea bowling attack as the major threat to their batting, hence the balance of their team is expected to be adjusted by […]

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Reincarnation

Every Friday evening after work, Gamat would braai a big, fat juicy steak. But his neighbours, being Catholic and therefore not allowed to eat meat on a Friday, suffered agonies of temptation as the delicious aroma carried on the evening breeze. They persuaded the priest to try and convert Gamat, and the priest was successful […]

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