Blog

Zuma forgot to reshuffle the Equality Act

Posted on: June 13th, 2017 by Scott McLean

The recent decision taken by President Jacob Zuma to sack Finance Minister Pravin Gordhan and reshuffle cabinet has certainly fuelled the already raging fire of dissent felt by many South African citizens alike. The downgrade of the Rand to junk status was nothing if not inevitable, once our last pillar of hope had effectively been […]

Have you had enough of ‘Cold Calls’ yet?

Posted on: May 2nd, 2017 by Zandile Nonkasana

Have you ever wondered how you could stop that direct marketer from making cold calls to offer you life insurance cover, (which you already have), or a cellphone contract for the latest iPhone (got that too!), or just from calling you at awkward times of the day? The CPA and Cold Calls : The Consumer […]

The Land Holdings Bill

Posted on: April 11th, 2017 by Maryna Botha

Land is a critical factor for achieving redress for the wrongs of the past President Jacob Zuma announced the Land Holdings Bill, which will soon be tabled in Parliament, during his State of the Nation Address on Tuesday, 12 February 2015. The Bill prohibits outright foreign ownership of agricultural land and instead confines foreign nationals […]

Summary of the Property Practitioners Bill, 2016

Posted on: April 4th, 2017 by Maryna Botha

The Bill was published on 31 March 2017 in Government Gazette 40733 Notice Number 246 and the Department of Human Settlements calls for submissions and feedback within 30 days of the date of publication/for public comment. The notes below are summaries of the most relevant of the practical provisions for estate agents and other property […]

2017 Budget News

Posted on: February 23rd, 2017 by Maryna Botha

Individuals and special trusts 0 – 189 880 18% of taxable income 189 881 – 296 540 34 178 + 26% of taxable income above 189 880 296 541 – 410 460 61 910 + 31% of taxable income above 296 540 410 461 – 555 600 97 225 + 36% of taxable income above […]

Trusts – Should You Be Charging Interest On Loans Made To a Trust

Posted on: February 21st, 2017 by Maryna Botha

When will s7C apply? Clients who have made, as well as those who are considering making, interest-free or low-interest loans to trusts must take note of a recent inclusion to the Income Tax Act (“the Act”). This inclusion comes in the form of Section 7C, which was inserted in the latest Taxation Laws Amendment Act […]

Boreholes: The need-to-know during dry times

Posted on: February 10th, 2017 by Zenariah Martin

It has become impossible to hide from the fact that South Africa is facing dire drought conditions with dam water levels and water restrictions being the hot topics of discussion. It is, therefore, not surprising that South Africans have started looking to alternative water sources and an increasing number of households are tapping into our […]

When is Donations Tax Not Due?

Posted on: June 10th, 2016 by Maryna Botha

In terms of the Income Tax Act, the following donations are exempted: between spouses who are not separated; were the donee will not benefit until the death of the donor; which are cancelled within six months from the date upon which it took effect; of property which is situated outside the Republic and was acquired […]

The Importance of a Will

Posted on: May 24th, 2016 by June Theron

  A will is an important document to have in place, and is used to ensure your family is looked after once you have passed on. Alarmingly, only about 10% of South Africans have a will, meaning a large proportion of our population is unprepared in the event of death. We were recently asked to […]

ZUMA MUST FALL SIGNAGE

Posted on: April 13th, 2016 by Riette Bornman

  On Friday  15th January a colossal poster with a simple, three-worded message  appeared on the side of the Overbeek Façade in Kloofstreet, Cape Town.  The message? ZUMA MUST FALL The message is undoubtedly controversial and politically outspoken.  But is this banner illegal? The City of Cape Town has declared the erection of this banner […]