Mr Price misses exchange boat on African odyssey
The allure of South African retailers for foreign investors has been the promise of expansion into the rest of the continent. But, as evidenced by Woolworths abandoning its Nigerian adventures some three years ago, choosing to further its ambitions in Australia instead, that expansion has not been easy.
Now Mr Price, which along with Cape Town-based Woolworths has been the biggest benefactor of foreign investor favour, is also finding its African strategy coming under strain.
The Durban-based retailer … Read the article
Measure and improve the performance of the business
Ten Tips for Measuring & Improving Performance
Healthy revenue and profit margins are crucial to any company. However, monitoring your bottom line is only one part of the formula. It’s essential that you determine the factors critical to your company’s success, measure those metrics and put into place a system for continually improving performance. Here are ten guidelines for helping you develop your company’s process…
Discrimination and religion
Discrimination and religion (Ivan Israelstam)
Section 6 of the Employment Equity Act (EEA) prohibits unfair discrimination against an employee on arbitrary grounds One of these grounds is that of religion. This means that no employer is entitled to discriminate against an employee or applicant for employment purely on the grounds of the employee’s religion. For example, it would be discriminatory for an employer to:
- Turn down a job applicant because he/she was Christian, Jewish, Moslem or a believer in any other religion
- Decide that only employees belonging to a …
Proeftydperk
Proeftydperke
André Claassen
Daar bestaan soms onduidelikheid oor wat presies bedoel word met ‘n proeftydperk. Werknemers, insluitende werknemers wat op ʼn proeftydperk aangestel is het die reg om nie onbillik ontslaan te word nie. Deur persone op proeftydperke aan te stel beteken nie dat werkgewers ʼn groen lig het om werknemers sonder enige prosesse onbillik af te dank nie.
Die wet op Arbeidsverhoudinge in Bylae 8 …
Werkloosheidsversekering
Werkloosheidsversekeringsfonds (André Claassen)
Dit is noodsaaklik om kennis te neem dat werknemers nie van die werkloosheidsversekeringsfonds (WVF) kan eis wanneer hulle vrywillig bedank nie. Eise kan alleenlik ingedien word wanneer die werkgewer insolvent verklaar is, die kontrak deur die werkgewer beëindig word as gevolg van operasionele vereistes, swak prestasie en wangedrag. Die WVF maak voorsiening vir 5 tipes voordele …
The importance of financial planning
The Importance of a Financial Plan for a Small Business
by Brian Hill, Demand Media
Going through the process of constructing a financial plan is a valuable exercise for any business owner. The financial plan, or budget as it is also called, helps guide the day-to-day decision making of the business. Comparing forecast numbers to actual results yields important information about the overall financial health and efficiency of the business. Even a one-person …