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Tel: 021 554 4882 | Fax: 021 554 0991 | E-Mail: info@lublaw.co.za             

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//February 26, 2024

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

26 Feb 2024
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“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 for your property, so you accept it. But you’re not happy with a few of the terms, so before...

When is Resignation a Constructive Dismissal?

26 Feb 2024
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“…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 below) Perhaps you are an employer, and that troublesome employee who...

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

26 Feb 2024
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“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.” (Extract from the MTI judgment) Recent media...

Effective 1 March 2024: New National Minimum Wage

26 Feb 2024
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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 x 8 hours per day, R27-58 per hour equates to R220-64 per day or R4,633-44 per month. The Living...

Budget 2024: Your Tax Tables and Tax Calculator

26 Feb 2024
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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 fiscal drag Unchanged from last year, so taxpayers can breathe a sigh of relief that rates have...

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