My business is in trouble, what now? A brief look at Insolvency in South Africa
It’s a sign of the times that the courts are currently dealing with an unusually high volume of liquidation matters. For most business owners, insolvency (or bankruptcy) is considered the very last option; many of them see it as a surrender, defeat or even humiliation. However, this need not be the case; in fact, for more...
Foreign Land Ownership in South Africa – The Regulation of Land Holding Bill
At the 2015 State of the Nation Address, delivered on 12 February 2015, President Zuma announced the introduction of the Regulation of Land Holdings Bill. His announcement was met with confusion and outcry from both local agricultural land owners and investors abroad. From the President’s address and a statement released by the Presidency in the days following more...
De-mystifying the Sale Agreement
Whether you are the Seller or the Purchaser, entering into a Sale Agreement is usually an extremely stressful event. Apart from the prospect of moving house, the contract itself can be rather daunting. Therefore, this article attempts to explain a few of the standard clauses in a Sale Agreement. Sale Agreement vs Offer to Purchase more...
What is the Urban Development Zone and how can I use this tax incentive?
In 2003 the Urban Development Zone (UDZ) tax incentive was introduced to promote urban renewal in 15 designated inner cities.