Category: Problem Bond Community Project
With unemployment at an all-time high in South Africa, a growing number of people are considering cashing out their pension funds to cover more immediate costs.
Sherwin Govender business development manager at Glacier by Sanlam, highlights a number of scenarios one should consider before taking this step, warning that you shouldn’t rob your retired self.
Retirement savings are your money – but they belong to you when you retire, said Govender.
“Spending it now could mean that you won’t have enough saved to live on when you retire. Not having enough retirement savings means you will need to find income-generating employment after you retire……
A forensic audit is an examination and evaluation of a firm’s or individual’s financial records to derive evidence that can be used in a court of law or legal proceeding. A forensic audit may be conducted to prosecute a party for fraud, embezzlement, or other financial crimes.
There are four requirements, which need to be met for an interim interdict to be granted:
- The applicant must have a clear (prima facie is the fancy legal term) legal right.
- The applicant must have a well-grounded basis for believing it will suffer irreparable harm if the interdict is not granted.
In law, sequestration is the act of removing, separating, or seizing anything from the possession of its owner under process of law for the benefit of creditors or the state.
Business rescue can be initiated by:
- The board of directors;
- By an application to court when the business is financially distressed;
- Various affected persons by application to court (including shareholders, creditors, registered trade unions and employees).
Organisations and marketers can use the principles of the POPI Bill to build a customer-focused organisation by digging deeper into existing customer data. Organisations who lead the market in POPI Bill compliance will earn customer respect and loyalty.