MJ Minter Inc on 09/07/2021

Implementing An IT System

Implementing a new IT system for your business can be a daunting task. Many people find it difficult to initiate and cope with change, as well as to agree with colleagues on what the best way forward can be. Yet, it is important for every modern-day business who wants to maintain a competitive advantage within their market to implement and continuously improve upon their systems and processes. This challenging task requires buy in from all employees but must be driven by managers with a wholistic view of the business. Here are a few important points to take note of when implementing new systems:

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MJ Minter Inc on 11/16/2021

Structural Reforms

Government remains committed to structural reforms designed to lower the cost of doing business and create a more competitive economy. Over the medium-term, the following reforms will be accelerated:

  MJ Minter Inc
MJ Minter Inc on 11/16/2021

Fiscal Policy

A highly disciplined fiscal policy is to be maintained if we are to enjoy economic growth and stability in the medium to long term. Below are some key points extracted from the Medium-Term Budget Policy Statement (MTBPS):

  MJ Minter Inc
MJ Minter Inc on 11/16/2021

Economic Outlook

Below is a brief synopsis of the economic outlook as presented at the Medium-Term Budget Policy Statement (MTBPS).

  MJ Minter Inc
MJ Minter Inc on 10/05/2021

Director’s Role Amidst the COVID 19 Pandemic

The director’s role has without a doubt become more onerous amidst the Covid 19 pandemic. However, the Companies Act makes provision for operating in a virtual world, which includes, inter alia:

  MJ Minter Inc
MJ Minter Inc on 10/05/2021

Medium Term Budget Policy Statement (MTBPS) set for the 4th of November 2021

Newly appointed Minister of Finance, Mr Enoch Godongwana will table the MTBPS on the 4th of November at 14h00. The MTBPS sets out the policy framework for the Budget that is presented every February, updates National Treasury's economic forecasts, adjusts the budgets of government departments and makes emergency changes to spending.

  MJ Minter Inc
MJ Minter Inc on 09/07/2021

Crypto Assets & Tax

A crypto asset is a digital representation of value that is not issued by a central bank, but is traded, transferred and stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility, and applies cryptography techniques in the underlying technology.

  MJ Minter Inc
MJ Minter Inc on 09/07/2021

Revising Your Estate Plan

While one should review their estate plan annually, here are some key events which should ring a bell for an estate planner to revise their estate plan:

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MJ Minter Inc on 07/01/2021

Remote working and Technostress

Since the increasing availability of Information and Communications Technologies (ICTs) over the past decade, as well as due to the COVID-19 pandemic, remote working has become more prominent throughout the world. It has given employees and businesses great flexibility on how they conduct their everyday business, improved productivity and as well as shown many that physical offices are no longer necessary or can at least be downscaled to decrease costs. However, since the increase in remote working, there has been an evident increase in technostress experienced by those working remotely.

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MJ Minter Inc on 06/01/2021

Amendments to the VAT Act

There have been a number of amendments gazetted this year to the VAT Act. The amendments came into effect on 1 April 2021 unless otherwise stated. A brief summary of some of the more important VAT amendments is provided below:

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MJ Minter Inc on 05/01/2021

Doing Business in South Africa – Our New Normal

The economic effects of the coronavirus crisis have been extensive in South Africa (SA) and a recovery to pre-pandemic levels will take several years. While it is forecast that the SA economy will recover marginally in 2021, it is likely to be uneven and subdued.

  MJ Minter Inc
MJ Minter Inc on 05/01/2021

POPIA Effective 1st July 2021

The Protection of Personal Information Act (no.4 of 2013) (hereinafter referred to as 'POPIA' or 'the Act'), which gives effect to the Constitutional right to privacy in South Africa, commenced on the 1st July 2020. There has been a grace period for one year.

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MJ Minter Inc on 04/01/2021

Liability of Directors and Prescribed Officers

Doing business in South Africa can be daunting given the complex raft of regulations and company law. Section 77 codifies liability for directors and prescribed officers. It sets out civil liability (delict and breach of fiduciary duty), and then in sub-section 3, sets out specific statutory liabilities.

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MJ Minter Inc on 04/01/2021

POPIA Topic 4

Retention periods:

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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

Apps and the benefits they bring

The digital landscape is constantly evolving, and as more emerging technologies gain traction, more and more opportunities become available to businesses that need to be utilized otherwise they risk falling behind – especially now that we are living in a vastly different “New Normal”. It is now harder for businesses to only rely on word of mouth or the use of bulk emailing to keep their clients informed and must utilize all digital platforms in order to thrive.

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MJ Minter Inc on 11/01/2020

POPIA Topic

Personal Information

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MJ Minter Inc on 10/01/2020

Technology And Our New Normal – The Use Of APPS

The COVID-19 pandemic has accelerated digital disruption and led to significant, long-term market uncertainty. While this pandemic has forced many businesses to reduce or suspend operations, affecting their bottom line, it has helped to accelerate the development of several emerging technologies. This is especially true for innovations that reduce human-to-human contact, automate processes, and increase productivity amid at social distancing.

  MJ Minter Inc
MJ Minter Inc on 05/01/2020

Director's Role Amidst The Covid-19 Pandemic

The director’s role has without a doubt become more onerous amidst the Covid-19 pandemic. However, the Companies Act makes provision for operating in a virtual world, which includes, inter alia:

  MJ Minter Inc
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-

  MJ Minter Inc
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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