MJ Minter Inc on 03/01/2021

POPIA Topic 3

The general provisions under POPIA will apply equally to any personal information processed by an employer as part of an employee’s employment, and all employers have until 1 July 2021 to ensure that their workplaces are fully POPIA compliant.

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MJ Minter Inc on 01/01/2021

POPIA Topic 2

Codes of Conduct:

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MJ Minter Inc on 01/01/2021

WhatsApp - Privacy Policy Update

Early in January 2021, Facebook’s messaging app WhatsApp received massive backlash in relation to an update of its privacy policy which was meant to take effect on the 8th of February 2021. Effectively, the update allows for new functionality to the businesses feature by allowing WhatsApp to reserve the right to share the different data it collects from you to other Facebook based apps.

  MJ Minter Inc
MJ Minter Inc on 01/01/2021

Budget Speech provisionally set for the 24th of February 2021

Tito Mboweni’s big day looms this month, with little progress on the medium-term budget policy speech. The biggest issue relates to the freeze on government wages to which there has been no resolution yet. Let’s hope that we get finality in the upcoming budget.

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MJ Minter Inc on 11/01/2020

POPIA Topic

Personal Information

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MJ Minter Inc on 11/01/2020

Re-Commencement Of Companies And Close Corporations Regulatory Compliance Obligations

The Companies and Intellectual Property Commission (CIPC), acknowledges the impact that the COVID- 19 pandemic and the national lockdown, in terms of the Disaster Management Act, has had on companies and close corporations and may continue to have in the near future. With the move of South Africa to lockdown level 1 and the re-start of the economy, it is imperative that all entities re-commence with their regulatory compliance obligations.

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MJ Minter Inc on 11/01/2020

Government’s Response To The Rating Actions Of S&P Global Ratings, Fitch Ratings And Moody’s Investors Service

Government’s policy priorities remain on economic recovery and fiscal consolidation, as outlined in President Cyril Ramaphosa’s Economic Reconstruction and Recovery plan and the Medium-Term Budget Policy Statement released in October. The social compact agreed to between government, business, labour and civil society prioritises short-term measures to support the economy, alongside crucial structural economic reforms.

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MJ Minter Inc on 08/01/2020

CIPC Releases A Directors Quick Reference Guide

CIPC has released a quick reference guide designed to highlight specifically, although not exclusively, critical issues of the Companies Act No. 71 of 2008 that a director should be aware of. The central message of this guide, which is divided into 10 basic markers, is that a director of a company when acting in that capacity:

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MJ Minter Inc on 07/01/2020

Reserve Bank Economic Outlook

Since the May meeting of the Monetary Policy Committee (MPC), the Covid-19 pandemic continues to spread globally, with wide-ranging and deep social and economic effects. Current forecasts from the IMF show global Gross Domestic Product (GDP) contracting by about 4.9% this year. The deepest contractions are expected in the second quarter of 2020, with gradual recoveries in the third and fourth quarters of the year. The strength of the global economic recovery will depend in part expectations of future growth in investment and productivity.

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MJ Minter Inc on 06/01/2020

The Protection of Personal Information Act 4 of 2013 (POPI)

On the 17th of June, President Ramaphosa signed the final enabling legislation to finally give effect to POPI with effect from 1st July 2020. Although it comes into full force, businesses have until the end of June 2021 to comply with the ACT.

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MJ Minter Inc on 05/01/2020

Covid -19 – Level 3 Workplace Regulations

All persons who are able to work from home must do so. However, persons will be permitted to travel to and from work and for work purposes under Alert Level 3, subject to-

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MJ Minter Inc on 05/01/2020

Covid -19 Alert Level 3 Tourism Sector Measures

The past two months of lockdown have been difficult for the tourism sector. Many businesses in the sector are fighting for survival and projections showed that almost 600 000 jobs were at risk if the sector doesn’t come into operation by September 2020. This reality led to both government and private sector working together to be both innovative and putting protocol guidelines to get the sector back into operation.

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MJ Minter Inc on 04/24/2020

Alert System: Levels 1 - 5

Below is a table of the 5 different levels from the Alert System and what restrictions would be implemented depending on the severity level:

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MJ Minter Inc on 04/24/2020

Post-Lockdown: General Exclusions

Post the national lockdown, there will be a few restrictions that will stay in place regardless of the level of alert in any given period:

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MJ Minter Inc on 04/24/2020

Criteria For Return To Activity

To see whether a sector will gradually resume activity or not, 3 criteria must be checked:

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MJ Minter Inc on 04/24/2020

Risk-Adjusted Strategy For Economic Activity

Though the national lockdown has shown early evidence on how it has successfully helped to flatten the curve and limit the spread of Covid-19, there are numerous risks if the lockdown is lifted too quickly or without any strategy.

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MJ Minter Inc on 03/31/2020

Tax Measures To Combat The Covid-19 Pandemic

The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat COVID-19. These measures are over and above the tax proposals made in the 2020 Budget on 26 February 2020. The tax adjustments are made in light of the National State of Disaster and due to the significant and potentially lasting negative impacts on the economy from the spreading of the COVID-19 virus. There is a critical need for government interventions to assist with job retention and assist businesses that may be experiencing significant distress. These measures include:

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MJ Minter Inc on 02/26/2020

Carbon Pricing and Environmental Taxation

Increasingly, governments and businesses recognise that the world faces a climate crisis, and acknowledge the need for partnerships to limit global warming to below 1.5° C. As the Paris Agreement becomes operational in 2020, signatories will submit revised nationally determined contribution commitments to mitigate climate change. A range of legislation and policies are being developed to meet South Africa’s commitments in this regard.

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MJ Minter Inc on 01/01/2020

Tito Mboweni in the Spotlight

Over the last few months, Minister Mboweni has made a number of telling tweets that has caused the ruling party to distance themselves from his tweets and haul him over the coals! However it would appear that the minister is being a realist and his tweets are more like an impassioned plea for all to understand the predicament we are in. An extract from a recent speech by Minister Mboweni, points out the key reforms that are needed to facilitate the following:

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MJ Minter Inc on 01/01/2020

Repo Rate Reduced on Back of Favourable Data

A good start to the new year when the Reserve bank announced a surprise reduction of 25 basis points to the repo rate. Good news for those with borrowings and the forecast is that we should get another cut in the 4th quarter 2020.

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MJ Minter Inc on 11/01/2019

Medium Term Budget Policy Statement 2019

The 2019 MTBPS has been presented by Minister Tito Mboweni. His opening statement was a reference to the Aloe Ferox plant he brought to Parliament when presenting the February 2019 budget.

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