2.1 Name any TWO provisions of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997) - NSC Business Studies - Question 2 - 2021 - Paper 1

Employees have the right to:

1. Join a Trade Union: Employees have the right to join, participate in, and establish trade unions.

2. Collective Bargaining: Employees have the right to engage in collective bargaining negotiations through their trade unions.

1. Technological Factors: The inability of employees to operate modern machinery reflects a gap in skills and training which can affect productivity.

2. Economic Factors: The investment in modern machinery requires sufficient economic resources to provide training for employees.

1. Environmental Factors: The fine for improper waste management signals regulatory pressures regarding environmental protection.

2. Legal Factors: This indicates a legal responsibility to comply with waste disposal regulations.

1. Economic Factors: An unfavourable exchange rate impacts the cost of exporting products and could hamper profitability.

2. Political Factors: Currency fluctuations might be influenced by political stability and government policies.

The purpose of COIDA is to provide compensation to employees injured in the course of their employment and to prevent work-related illnesses and injuries. It ensures that employees receive medical treatment and financial support during their recovery period, and it facilitates the rehabilitation and reintegration of affected workers into the workplace.

1. The National Credit Regulator (NCR) imposed a fine on Money Bank for reckless granting of credit.

2. Money Bank was instructed to bear all costs related to the removal of the names of blacklisted clients from the credit bureau.

1. The National Credit Act promotes transparency in credit transactions, helping both businesses and customers understand their roles and responsibilities.

2. It reduces bad debts and enhances the ability of businesses to manage cash flow by ensuring that credit is granted responsibly.

1. Retrenchment: This involves terminating the employment of staff to reduce costs.

2. Liquidation: Businesses may apply for a voluntary liquidation to protect themselves from debts during financial distress.

1. Disclosure of Prices: Businesses must clearly disclose the prices of all products on sale.

2. Cooling-off Period: Businesses need to provide a cooling-off period allowing consumers to change their minds about purchases.