February 2024

Property Sales: “Conditional Acceptance” of an Offer is Not Acceptance, It’s Rejection
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Property Sales: “Conditional Acceptance” of an Offer is Not Acceptance, It’s Rejection

“The conditional acceptance of an offer amounts to rejection of same and not the conclusion of a contract, but may be a counter–offer.” (Extract from judgment below) A good offer comes in…

When is Resignation a Constructive Dismissal?
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When is Resignation a Constructive Dismissal?

“…the prospect of continued employment must be shown to have been objectively intolerable and the employee must have resigned due to the intolerable situation and not for another reason.” (Extract from judgment…

Ponzi Schemes: Can Liquidators Claw Back 600% of Payouts?
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Ponzi Schemes: Can Liquidators Claw Back 600% of Payouts?

“MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.”…

Effective 1 March 2024: New National Minimum Wage
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Effective 1 March 2024: New National Minimum Wage

The National Minimum Wage (NMW) for each “ordinary hour worked” has been increased from 1 March 2024 by 8.5% from R25-42 to R27-58. Domestic Workers: Assuming a work month of 21 days…

Budget 2024: Your Tax Tables and Tax Calculator
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Budget 2024: Your Tax Tables and Tax Calculator

How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. The unchanged transfer duty and tax tables, with a note on…