Converting a Close Corporation (“CC”) to a Company is a common business transition in South Africa and involves a change in the structure and legal status of the business. There are advantages to this. This is a short guide to help you navigate the process smoothly.
The Amendment Act has introduced new trustee obligations into the existing South African trust law. The changes pertain to the recording and reporting of beneficial ownership of trusts. The aim of this recording is to improve transparency regarding the ownership of trust assets to assist in the combatting of a money laundering and terrorist financing.
Imagine this scenario – you wake up one morning to the loud beeping of industrial trucks reversing cargo into your neighbour’s driveway, the shouting of labourers fill your ears as scaffolding clatters, mechanical lifts are fired up and the angle grinders shriek into the cold morning air. Dazed and confused, you stumble to the kitchen
A polygraph test, more commonly known as a “lie detector test”, is a procedure commonly used to verify whether the person being tested is being truthful in their responses to a set of questions posed to them by the conductor of the test. The test seeks to record the relevant person’s bodily responses to the
You have decided to take the big step of buying a property, but before putting in an offer, you read the Agreement of Sale. One of the clauses is headed, “Withholding Tax”, or something similar and you wonder what it would mean to you? Briefly, Section 35A of the Income Tax Act, is a control