What Is Remittance In Business?

                    

         

 

  NDBS Reader

Posted: October 06 2013

  NDBS Answer:

Remittance is the inflow of money from one country to another sent by migrants working outside the country whereby they send money to their families and such transactions contribute to the economic growth as cash is provided to spend in the country.

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  Do Law Firms Provide PRO BONO Services To Entrepreneurs?

Lindiwe Sthole, South Africa

Posted: October 04 2013

I want to know if Law firms to provide Pro Bono services to Entrepreneurs.

  NDBS Answer:

Yes they do depending on their law practice prerequisite.  You just need to get a law firm that deals with company laws and check if they provide free services but the answer is yes there are Law firms that provide free services.

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  Money Is Taken From My Account Without My Authorisation, What Must I Do?

Thomas Radebe, South Africa

Posted: October 03 2013

My money is taken by a company that I don't know about.  What must I do?

  NDBS Answer:

Whether you authorized those who took money or not you have the right to stop the transaction.  You need to notify the bank as soon as you notice that money has been taken, Bank takes 7 days before they can pay the debit order to those who took the money and if the request is made before 7 day period the money will be reversed to your account.  Always check your account as a debit order less than R100 may not report on your phone.

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  What does it mean by US Government Shutdown?

Reneilwe Mashabela, South Africa

Posted: October 01 2013

The world is buzzying with US Shutdown.  What does it actually mean?

  NDBS Answer:

Government shutdown happens when Congress fails to authorize budget, this can be cause by disagreement by the ruling and the opposition party and lead to partial stoppage of government services to its citizen, however essential service staff are allowed to work and their salaries are allocated.  In 2013 the agreement could not be reached as Republican wanted to debate Obama Healthcare Law that they claim was passed in a rush therefore they do not approve a budget allocated towards that. 

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  What is Palladium used for and how valuable is it?

Danielle Serope, South Africa

Posted: September 28 2013

I read with interest news about ABSA having won regulatory approval to deal with palladium, what significance is in palladium?

  NDBS Answer:

Palladium is a metal like Gold and Silver.  The most common use for palladium is in catalytic converters for automobiles and other engine equipped machines. A catalytic converter contains catalysts which convert (hence, the name) the toxic substances in engine exhaust into inert or less toxic substances. This produces a cleaner exhaust that conforms to EPA standards. Catalytic converters can use a number of different catalysts, but palladium is among the cheapest and most effective. Interestingly, catalytic converters are one of the top uses for palladium, and reclaimed catalytic converters are a big source of palladium.

Another common use for palladium is in multilayer ceramic capacitors. These are an important part of common electronics equipment such as cell phones, laptops, fax machines, etc. Palladium is also used in connector plating for a number of electronics.

Palladium is traded same as Gold and Platinum and other elements in Stock Exchanges and ABSA wants to tap into that market.

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  How To Drive Long Distance On Full Fuel Tank?

NDBS Reader

Posted: September 28 2013

  NDBS Answer:

Avoid accelerating the car hard.  Accelerating hard and using high engine speeds will make the engine consume more fuel. This is because, under high loads and speeds, the engine is not operating with high efficiently.  Accelerating more steadily to the desired speed will reduce fuel consumpotion and emissions. Using the engine in its most efficient range can reduce consumption and emissions. For petrol, changing gear at 2 500rpm and for diesel 2 000 rpm is recommended.

Check more tips Here: How To Drive Longer On Full Fuel Tank

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  What is The difference Between Ombudsman and Public Protector?

NDBS Reader

Posted: September 23 2013

Is Ombudsman and Public Protector not one and the same thing? are we seeing a duplication of titles or is there any major difference one can draw between the two?

  NDBS Answer:

Ombudsman is an official appointed to investigate individuals' complaints against maladministration, esp. that of public authorities and big corporations. Ombudsman mediate settlements and the services of ombudsman are free, on the other hand The Public Protector plays the similar role but strictly confined to any matter reported by citizens in group or individuals.  The matter can be against the President of the country or civil servant.  Public Protector’s recommendations and findings may lead to prosecution of the one found to have broken the law and is widely practiced in Countries such as South Africa.

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  When Can One Issue Cease and Desist Order In Business?

I just want to understand how this cease and desist order works especially within business world. And Who can it be directed between individual and company.

Posted: September 16 2013

  NDBS Answer:

This can be issued if one feels their business or individual status is compromised.  This is a formal request directed to individual or company to stop certain activities that may compromise the brand, proprietary rights of the company or individual issuing the order.  In business this happens where one company use the information or name of another company, an order can be issued to stop such behavior and failure to do so may lead to litigation. 

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  What Does Entrepreneurologist Do?

NDBS Reader

Posted: September 15 2013

  NDBS Answer:

Entrepreneeurlogist is someone who has formally or informally studied Entrepreneurs’s behavior.  Having understanding of how entrepreneurs think and act and Entrepreneurologist channels their energy into making profit and growing business.   Entrepreneurologist functions as advisor to Entrepreneurs in their personal capacity, especially their emotional needs, and also on how to run their businesses effectively.  

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  What Does Treps Mean?

NDBS Reader

Posted: September 12 2013

  NDBS Answer:

Treps is a slang or short word for Entrepreneurs or young entrepreneurs.

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  What is Name Dropping?

Alice Mckenzie, Swaziland

This word has been used in political circle and business just wonder what it may exactly mean.

Posted: September 02 2013

  NDBS Answer:

This is the practice of mentioning important people in order to impress your listener and solicit deals using their names without their consent.  This is commonly used by those who are related to prominent politicians or business people whereby a person trust their information and make payments based on the mentioned name.

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