News & Resources

My business collects and stores quite a large amount of client data. We were recently nearly hacked and were lucky that no information was leaked. I’m concerned about another attack and worried what would happen if information was leaked. What can I do?

One of my employees damaged a company car by driving under the influence. He refuses to pay for the damages so I want to get a court order against him. However, he does not have much in the way of assets to cover the damages, so I was wondering if I can claim against his pension fund, seeing that he will retire soon. Can I do this?

I am a director of a computer hardware company. Sales have been going steadily down the last few months, and we are concerned about whether we can pay our suppliers and staff. I’m not sure whether this situation will change, and rather expect it to worsen, but it could change. What are my responsibilities towards the business and our shareholders under these circumstances?

I’m the only shareholder in my company, a cleaning products business. I have two directors who run the business for me. I’ve been building up the business over the years with a view to selling it as my retirement plan. However, the auditors have just informed me that the shares, in my mind worth about R10 million are now worth no more than about R3 million because of reckless management by the directors, selling of assets and even falsifying financial information and accounts. The nest egg I’ve been building is now nearly worthless because of their conduct. Can I recover what my company is worth less from them?

We are four friends that started our own company a few years ago with each of us being equal shareholders. We are thankful that is has been going well with the business, but now that there is some money and equity in our company, we were wondering what would happen in the event that one of us passed away.

Myself and other co-workers have not received any salary for the last three months. Our employer has informed us salaries will not be paid as a moratorium has been placed on the company because it is under business rescue. Surely our employment rights are being infringed. Can we not take the employer to the CCMA to force the employer to have to pay our salaries?

My brother, sister and I are the directors of our family company. My brother has never been one to live frugally and is continually spending the company’s funds and using company property for his personal benefit. It’s gotten so bad lately that we may lose the company if my sister and I don’t put a stop to it. We’ve discussed it with him, but all he says is that he is also a director and entitled to do what he is doing. What can we do to stop him?

I’m an investor in cryptocurrencies and have found these to be an exciting addition to my investment portfolio. However, I understand that there are new tax regulations that will affect cryptocurrency. What should I be aware of in this regard?

I have a young business that is developing well. But I need to appoint more staff. I’ve heard that there are tax incentives for employing youth. How do these work? 

I’m a director in a local design company. I’m also a shareholder in the company and have an employment contract. Lately, I’ve been at loggerheads with my co-directors about the direction of the business. I just feel we want different things. I’ve now decided to rather head out on my own and start my own design company. But I want to make sure I can do this?

Over the past few years I’ve come to understand what the Companies Act 71 of 2008 requires of me to manage my business legally and effectively. With talk of more amendments on the way, what should I be preparing for?

A friend of mine has a good business concept and he has asked me to come on board as a partner. He wants to set up a company and make both of us directors in the company. I want to be part of the business but I’m not sure about being a director and what my liability may be?