RSM South Africa

Legal insights

What does mandatory audit firm rotation mean?

17 April 2019
The global financial crisis brought to the fore questions surrounding the scope and quality of external audit, market concentration and auditor independence. The crisis reopened concerns about auditor tenure and its consequences for auditor independence and audit quality.

Determining the validity of a sworn affidavit for B-BBEE compliance

18 March 2019
On 3 September 2018, the Broad-Based Black Economic Empowerment Commission issued a Practice Guide, which clarified the Broad-Based Black Economic Empowerment (B-BBEE) requirements for Exempted Micro Enterprises (EMEs) and Qualifying Small Enterprises (QSEs).

Shareholder vs Stakeholder approach

1 February 2019
How corporations should be maximising long-term sustainability

Adequate consideration - The risk in what you can't justify

18 December 2018
Whether the economy of a country is in a period of retraction or expansion, one element of commerce which remains relevant is the intermittent reliance of companies on its shareholders for the provision of adequate capital funding in conducting its business. The motivation for the provision of capital funding may well differ, i.e.

Labour Laws Amendment Bill - Parental, Adoption & Commissioning Parental Leave

20 September 2018
The Labour Laws Amendment Bill (“the Bill”), would allow for the amendment of the Basic Conditions of Employment Act of 1997 (BCEA).

Executive, Non-Executive and Independent Directors

11 July 2018
Section 1 of the Companies Act 71 of 2008 (Companies Act) defines a Director as “a member of the board of a company, as contemplated in section 66, or an alternate director of a company and includes any person occupying the position of director or alternate director, by whatever name designated”.

Explaining the Y.E.S. Initiative

17 May 2018
On the 27th of March 2018, the President of the Republic of South Africa launched the Youth Employment Services (YES) Initiative, a business-led collaboration with government and labour, which aims to create more than one million paid internships for black youth.

The Threshold for Major B-BBEE Transactions

17 April 2018
From 9th June 2017, any Major B-BBEE Transaction is required to be registered with the B-BBEE Commission in the prescribed Form BBBEE 18, within 15 days of being concluded.

POPI and its impact on direct marketing

9 April 2018
We live in a period where technology allows consumers to be contacted at any time via e-mail, phone calls and even through social media.

Amendments to the Unemployment Insurance Contributions Act and the effects on learners and foreign nationals

9 March 2018
The Unemployment Insurance Fund (“UIF”) allows contributors to receive benefits from the fund in the event that they become unemployed, or are unable to work as a result of maternity leave, illness or the adoption of a child. UIF also provides benefits to the dependants of a deceased contributor.

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