Section 153(1)(b)(Ii) Of The Companies Act Clarified By The Supreme Court of Appeal Since the inception of the new Companies Act, No 71 of 2008 (“the Act”), there has been countless decisions regarding business rescue proceedings. South African courts have also more...
Value Added Tax (VAT) or Transfer Duty…which tax will be applicable to your purchase of immovable property and who will be liable for payment of that tax? The answer to both questions depends on the type of transaction the parties entered into. WHEN AND WHO PAYS FOR...
If you are considering donating money towards a charitable cause or gifting your child, spouse or best friend with a sum of money, a car or a even a house, keep in mind what the Income Tax Act, Act 58 of 1962 has to say about such disposals. According to the act a...
RESTRAINTS OF TRADE When an employee leaves your company he or she might depart with knowledge of your trade secrets or confidential information about your business. This could be detrimental as the information could land on your competitor’s doorstep. It is therefore...
The day you start earning money is the day you should make sure that you have a valid will. If you do not, the law will dictate how your assets are distributed after you die. A will is especially important if you need to make provision for your dependants. The last...
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