Category: Problem Bond Community Project

Before cashing out your pension in South Africa

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……

What you should know before cashing out your pension in South Africa – and what it will cost you

What is Forensic Audit?

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.

How do I get a Legal Interdict?

There are four requirements, which need to be met for an interim interdict to be granted:

  1. The applicant must have a clear (prima facie is the fancy legal term) legal right.
  2. The applicant must have a well-grounded basis for believing it will suffer irreparable harm if the interdict is not granted.

What is Sequestration?

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.

How do I get Business Rescue?

Business rescue can be initiated by:

  1. The board of directors;
  2. By an application to court when the business is financially distressed;
  3. Various affected persons by application to court (including shareholders, creditors, registered trade unions and employees).

What is the rules for business in connection with Popi?

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.

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