LEGAL PRACTITIONERS and Other Service Providers!

1 hour Response Time

WELCOME. SIYAKWAMUKELA.
WAMKELEKILE. WELKOM.


This is your FIRST STEP if you are looking for legal or professional support. We:

  • Guarantee a response within 1 working hour,
  • Are uncomplicated, friendly and professional,
  • Our fees are sensitive to the South African economy,
  • Have a team of professionals in all major Cities,
  • Function with integrity, attention to detail and are objective driven,
  • Use technology, innovation and internal processes to streamline your experience,
  • Strive to improve the sector we operate in.

 

SERVICES | AMASEVISI


In our ‘team’ we have Legal Practitioners (Lawyers & Attorneys) and other Professionals who offer parallel solutions. Our website menu items LEGAL PRACTITIONERS and OTHER PROFESSIONALS offer a summary of services and will help you decide which type of service provider to use. Please review both pages. Afterwards, if you are still not sure who to use please ask for guidance using the Immediate Action Form on the Contacts Page.

 

FREE OR FEE? SIMAHLA OKANYE UHLAWULE?


For free services you could engage with an organization such as legal-aid.co.za or visit justice.gov.za for free information. Depending on your issue any of the following organizations might be appropriate and mandated to help for free:

  • The National Consumer Commission,
  • CGSO,
  • CCMA,
  • Housing Tribunal,
  • For insurance or banking issues, you should contact the appropriate ombudsman.

If you are looking to hire a Professional we guarantee that the fees quoted will be reasonable and you will not be charged anything until you have accepted a quote or entered into an engagement letter. Payment options will be communicated and might include hourly, per project, fixed rate or retainer. See a Cost Guideline HERE. The use of a Legal Practitioner or Court should be engaged with only once you have exhausted all amicable and free options, or if the matter at hand needs legal guidance and an expert to expedite a solution.


E-CONSULTS


An E-Consult is an effective way to receive expedited support for select, once off or ad hoc matters. Please visit the menu item for more information on this process. CLICK HERE

 

OPERATIONAL DAYS & TIMES


South African Working days. No public holidays.

  • Monday-Thursday from 09h00-13h00 and 14h00-16h00.
  • Friday 09h00-13h00.

E-BOOKINGS

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Phantom Share Schemes / Notional Share Schemes


In South Africa, Phantom Share Schemes and Notional Share Schemes are used by companies as incentive programs for employees without actually giving them ownership in the form of real shares. Let's break down how these schemes work in a simple and friendly manner.

In a Phantom Share Scheme, employees are granted hypothetical or phantom shares that reflect the value of real company shares. These phantom shares track the actual share price of the company. When the employees meet certain conditions or milestones, such as staying with the company for a certain period or achieving performance targets, they receive a cash bonus equivalent to the increase in the value of the phantom shares. This allows employees to benefit from the company's performance without owning actual shares.

Notional Share Schemes are similar to Phantom Share Schemes but with a slight difference. In this scheme, employees are promised a cash payment linked to the value of the company's shares at a future date, rather than the increase in value over time. This means that employees receive a cash bonus based on the growth of the company's share price from the date of grant to the date of payout.

In South Africa, these schemes are regulated by the Companies Act and various other legislative provisions. Companies need to adhere to strict rules regarding the implementation and disclosure of Phantom and Notional Share Schemes to ensure transparency and fairness. Additionally, employees need to understand the terms and conditions of these schemes clearly to benefit from them effectively.

Overall, Phantom Share Schemes and Notional Share Schemes provide a way for companies to motivate and retain employees by offering them a stake in the company's success without transferring actual ownership. It's a win-win situation where employees are incentivized to contribute to the company's growth, ultimately benefiting both parties.

The information on this page is not legal advice. Please engage with our team so we can assign your request to a Legal Practitioner. We look forward to being of service.

Phantom Share Schemes / Notional Share Schemes