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Latest article
The Hidden Risks of Cessions in Security
Cessions in security (otherwise known as cessions in securitatem debiti) have long been used by lenders to secure the performance of borrowers, offering what appears to be a straightforward collateral mechanism.
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The BCEA does not currently contain a comprehensive framework regulating employees who are required to be available for work without guaranteed hours, often referred to as “on call”, “flexitime” or “zero hour” employees.
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In a recent judgement, the Labour Court allowed a former employee of RCL Foods Consumer (Pty) Ltd to enforce a compensation award of approximately R3.19 million, despite the employer’s intention to appeal the decision.
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