Most people are more familiar with Fungible Tokens such as Bitcoin, Ethereum, Ripple and other cryptocurrencies. But, for good measure, cryptocurrencies are a digital currency. Transactions are verified and records maintained by a decentralised system using cryptography rather than a centralised authority. Cryptocurrencies, as well as NFT's, run on the technology known as a Blockchain. Blockchain is a system…
Contracts4Biz is South Africa’s first contract builder tool supported by SchoemanLaw Inc, a South African law firm. It provides people access to contracts that would sell for thousands of rands for under R400 per document. It is instantly available to keep up with the time demands on businesses and is more accurate than a human…
Under section 66 (1) of the Companies Act 71 of 2008 as amended:“The business and affairs of a company must be managed by or under the direction of its board, which has the authority to exercise all of the powers and perform any of the functions of the company, except to the extent that this…
On Tuesday, 7 April 2020 a newly formed group, the Property Industry Group ( ‘the Group’), made up of some of South Africa’s largest retail property landlords, announced the terms of a “Tenant Assistance Relief Package”[1](‘TARP’). The announcement and the relief offered, albeit with certain caveats, may very well protect or act as a buffer…
South Africans are in a state of COVID-19 information overload and Employers and Employees alike are finding themselves in circumstances where information is either unreliable or presently uncertain, particularly in respect of what the consequences are for Employees should the Employer’s business shut down due to the COVID-19 pandemic, or in circumstances where the Employer’s…
Many entrepreneurs are being overwhelmed with information and panic. In the age of information overload, a crisis like this exasperates this. Unreliable information overload is particularly problematic because we know typical information overload often results in no action at all. So, access to reliable information is as critical as a relevant summary of the steps…
A contagious disease known as Coronavirus or COVID-19 (“the Virus”) was first detected in China in December 2019 and has since regrettably spread worldwide. The World Health Organization (“the WHO”) has declared the virus as a Public Health Emergency of International Concern (“PHEIC”) which is a formal declaration by the WHO of "an extraordinary event which is determined to…
By now most businesspeople would have heard of the Protection of Personal Information Act, or, better known as the POPIA. The purpose of the Act is to simply protect people personal information and, in this way, prevent them from suffering harm as a result of the unlawful dissemination of use of their otherwise private information.…