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This week we see two landmark acts coming into law that affect how we run our businesses. Firstly we have the New Companies Act that changes the way our businesses are regulated and registered. This we will have to wait and see how effective CIPRO becomes and are able to handle the new legislation. The two big issues here are that Close Corporations will now be called CHC Limited or Closely Held Companies. And there will be a financial rescue management plan that your business can file for or...

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Capitec has released their first advert showing the way in their compliance for the CPA (Consumer Protection Act) due for implementation on 31 March. The CPA is there to protect the consumer against being bullied by the big corporates. We are looking forward to how the other banks will comply. Well done Capitec.

 
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In this, the second part of our series looking at the Consumer Protection Act, that comes into effect in October this year, we will address the issue of marketing. There are a number of changes that may be required to your existing marketing campaigns, so please read this as well as other reference material on this matter, and if required please consult a legal professional and download the act for yourself.

•   The act addresses the risks associated with managing lay buys. All payments made by ...

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The consumer protection act comes into effect in October this year. This act spells out all the rules of engagement in the supply chain of both retail products and services industries. It affects almost everything to do with the running of your small business. We will, over the next couple of weeks try to understand as much of that act as we can, but please understand that I am not a lawyer, nor do I understand the law as well as I could, and that this is just an act and only becomes law once...

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