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 establish business operations in South Africa, it may be required either establish a ...
TAX LIABILITY OF AMERICAN MUSICIANS AND AGENTS DOING BUSINESS IN SOUTH AFRICA
by
Admin
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 international agents in order to secure the services of international m ...
TAX TREATMENT – DONATING TO PUBLIC BENEFIT ORGANISATIONS
by
Admin
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 Empowerment status. These initiatives are commonly conducted by wa ...
VALIDITY OF ANTENUPTIAL CONTRACTS
by
Admin
One must be careful when drafting and signing an Antenuptial Contract. Aside from ensuring that the contents is all correct, one must also ensure that all the necessary provisions are contained therein to make the contract valid. The consequences of ...
THE CREDIT AGREEMENT
by
Admin
If you default on a credit agreement and action is taken against you by the credit provider, you still have time, according to Section 129(3)(b) read with 129(3)(a) and S129(4) of the National Credit Act (“NCA”) as well as the case of Firstrand Ban ...
THE INTERPLAY BETWEEN THE CONSUMER PROTECTION ACT AND THE NATIONAL CREDIT ACT, AND THE POSSIBILITY OF PENALTIES WITH EARLY SETTLEMENT OF CREDIT AGREEMENTS
by
Admin
Mr Black buys a BMW car in terms of a hire purchase agreement and the financing is done through BMW Finance. After a few months Mr Black inherits a huge sum of money and decides that he wants to settle the outstanding amount. Mr Black’s concern is ...