Tag: settlement
Inside the 130-millisecond benchmark – instant payments explained
Consumers in shops all around the country expect payments to work as they should every time. They demand instant transactions, often blissfully unaware of the complexity that lies beneath. That is the job of a good payments service provider. A good payment provider keeps the technical complexity invisible while delivering service inside the 130-millisecond benchmark.
Mandatory mediation to ease court backlogs
In a bold move to overhaul a justice system buckling under the weight of unprecedented gamesmanship by defendant counsel in delaying court dates, South Africa's high courts will institute mandatory mediation for civil cases before any trial dates are assigned. This sweeping directive was issued on 14 April and is slated to take effect in May 2025.
Employment tax incentive amendments
In a significant move to strengthen the integrity of the Employment Tax Incentive (ETI) scheme, the government has proposed amendments to Sections 1(1) and 5(3) of the Employment Tax Incentive Act, No. 26 of 2013. The ETI, introduced in 2013, aims to encourage employers to hire young job seekers by reducing the cost of employment through a government-supported cost-sharing mechanism.
Insurance claim settlement disputes – policyholder and insurer options
When a liability insurance policyholder is being sued, they refer that legal case to their insurer. If a claim in question falls within the four corners of a policy, the insurer handles the claim on behalf of the policyholder. If the matter goes to court, the court papers cite the policyholder (not the insurer) as the litigant.
Renewable electricity contract amendments – IASB’s proposals
Renewable electricity contracts, or power purchase agreements, are in high demand as companies and governments seek sustainable solutions, leading to growth in solar and wind energy purchases to meet net-zero carbon emission targets and reduce environmental impact.
BOOK REVIEW | The Gathering
A detective investigating a grisly crime in rural Alaska finds herself caught up in the dark secrets and superstitions of a small town in this riveting novel from the acclaimed author of The Chalk Man. In a small Alaskan town, a boy is found with his throat ripped out and the blood drained from his body. The brutality of the murder of chillingly echoes a killing from twenty-five years ago.
