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November has rolled around again, and with it comes the normal slew of annual bonus questions and complaints like: “My business is struggling. Must I pay Christmas bonuses this year?” and “I haven’t been given a bonus this year – what are my rights?”
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Here’s a scenario for you - you win a huge court case, and your very vengeful opponent turns up at your doorstep with a convoy of coin-filled trucks. Must you accept the payment?
Scenario 2: You’re a landlord. Your tenant, angry with you for some reason, decides to punish you by marching into your office with next month’s rental in 5 cent pieces. What are your rights?
Now you’re a shopkeeper whose customer wants to pay for his groceries with R500 worth of R1 coins – can you refuse to accept them?
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If you trade in a public company’s shares, bonds or other securities (on the JSE for example) be careful of our “market abuse” rules. They are wide enough that you could fall foul of them inadvertently, and as the penalties for non-compliance are harsh take specific advice in any doubt.
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