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November 2015

HAVE YOU SUBMITTED YOUR PAIA MANUAL, DUE ON 31 OF DECEMBER 2015?

In terms of the Promotion of Access to Information Act No 2, 2000 (herein after referred to as “PAIA”), all private and public bodies must appoint an Information Officer and prepare a Section 51 Manual before 31 December 2015. All previous exemptions granted will expire on 31 December 2015. 

HR AUDITS: WHAT ARE THEY AND WHY ARE THEY IMPORTANT?

An HR audit is a review of all existing documentation regarding employment, including employment policies and practices, to ensure legal compliance. Labour legislation changes periodically, so it is important to ensure your HR audits are done regularly and are updated where necessary.

HIDDEN ASSETS IN DIVORCE CASES

Whilst the concealing, and uncovering, of assets is certainly not limited to divorce cases, it is one of the areas where issues commonly arise. A spouse/partner may be severely prejudiced if she/he is not aware of what is happening to her/his joint financial affairs.

THE INSIDE SCOOP OF INSIDER TRADING – THE ZIETSMAN JUDGEMENT

Insider trading is famously prohibited but prosecution is uncommon. The judgement in Zietsman and Another v Financial Services Board and Another (A679/14) [2015] ZAGPPHC (24 August 2015) has shown that this form of market abuse can be easy to detect and prove and the financial sanctions imposed are a strong deterrent besides the risk of criminal prosecution.