September 18, 2017

THE FICA AMENDMENT ACT AND ITS AFFECT ON BUSINESSES:

The Financial Intelligence Centre Amendment Act 1 of 2017 (the FICA Amendment Act), was published in Government Gazette 40821 of 2 May 2017. This serves to […]
May 24, 2017

DISPOSING OF THE GREATER PART OF A COMPANY’S ASSETS OR UNDERTAKING

In terms of section 112(2) of the Companies Act, a company may not dispose of all or the greater part of its assets or undertaking (Disposal) […]
May 24, 2017

DEBT RELIEF FOR OVER-INDEBTED CONSUMERS

Borrowing money has become easy in today’s society. Many consumers are over-indebted in that they are unable to pay their financial obligations timeously. Many consumers over-commit […]
May 24, 2017

PRODUCT LIABILITY UNDER THE CONSUMER PROTECTION ACT

Section 61 of the Consumer Protection Act, 2008 (“CPA”) provides that producers, importers, distributors and/or retailers of goods (collectively the “Supplier(s)”) may be held liable for […]
May 24, 2017

VAT LIABILITY FOR NON-EXECUTIVE DIRECTORS

On 10 February 2017, South African Revenue Service (‘SARS’) passed a Binding General Ruling(VAT) 41 (‘BGR 41’) which deals with the VAT treatment of the activities […]
May 24, 2017

FOREIGN COMPANIES ESTABLISHING A BRANCH OR SUBSIDIARY IN SOUTH AFRICA

The Companies Act, 2008 (“Companies Act”) defines a company that is incorporated outside of South Africa as a “foreign company”. Should such foreign company wish to […]
May 24, 2017

COFFEE WITH LESTER TIMOTHY

Who is Lester Timothy? I am originally from Port Elizabeth. I relocated to Cape Town in 2006, about a year after being admitted as an attorney. […]
May 24, 2017

TAX LIABILITY OF AMERICAN MUSICIANS AND AGENTS DOING BUSINESS IN SOUTH AFRICA

South African retailers often use American musicians to endorse their brands on a number of advertising platforms in South Africa. Generally, South African retailers work through […]
May 24, 2017

TAX TREATMENT – DONATING TO PUBLIC BENEFIT ORGANISATIONS

South African companies often seek to conduct corporate social investment initiatives for a number of reasons including, but not limited to, enhancing their Broad-based Black Economic […]