In our previous article, we discussed the importance of conducting a personal information assessment. This is required by Regulation 4(1)(b) of the Regulations published in terms of POPIA which places a legal obligation on responsible parties to perform a personal information impact assessment to ensure that adequate measures and standards exist in its business in [...]
ARTICLE 1 IN A SERIES ON POPIA THE IMPORTANCE OF PERSONAL INFORMATION IMPACT ASSESSMENTS The Protection of Personal Information Act (Act No. 4 of 2014) (“POPIA”) commenced on 1 July 2020. All business and legal entities, whether owned by individuals, companies, partners, sole proprietors, close corporations, NGOs/PBOs, associations and business trusts, including dormant entities, are [...]
Alliott Global Alliance announces the expansion of its international alliance of independent accounting and law firms to its 80th country. Alliott Global Alliance (‘AGA’) has reached another milestone in its development by increasing the international coverage it can offer to clients and member firms to 80 countries. This announcement comes on the heels of law [...]
This article aims to assist foreigners or non-residents of South Africa to determine whether they can buy and invest in the real estate market of South Africa and what is to be expected before and during a property transaction. CAN A NON-RESIDENT BUY PROPERTY IN SOUTH AFRICA? South Africa has one of the most comprehensive [...]
Many individuals in South Africa are still members of Close Corporations. A Close Corporation (“CC”) is what is known as a juristic person – in law it is regarded as an entity separate from the individuals who are members of it. One of the features of a CC which flows from it being a separate [...]
INTRODUCTION The Covid-19 pandemic continues to wreak havoc by causing enormous disruptions in the social and economic sectors of the country. The enforceability of restraint of trade clauses in employment contracts has now been brought into question, especially with so many people already struggling to survive and coping financially. In the recent judgment of Oomph [...]
INTRODUCTION With the Covid-19 pandemic taking the world by storm, more individuals are facing economic hardship than ever before. It is thus no secret that various South African households have also fallen on hard times due to a collapsing economy amid this worldwide pandemic. The ensuing financial crisis have caused individuals to become trapped in [...]
Buying a property is one of the most exciting and stressful undertakings an individual can undertake, especially for a first-time homebuyer. This is even more so due to the uncertain economic times we face in South Africa today. The transfer of property is a long process beset with legalities, and the process can easily become [...]
WHEN WILL THE PPA COME INTO OPERATION? Although the Property Practitioners Act 22 of 2019 (“PPA”) has been signed into law by the President, the date when it will come into operation must still be announced. OBJECTIVES OF THE PPA The principal object of the PPA is to repeal the Estate Agency Affairs Act 112 [...]
When purchasing a fixed property in South Africa, either Value-Added Tax (“VAT”) or Transfer Duty will always be payable on the transaction. Both VAT and Transfer Duty are calculated based on the purchase price or value of the property to be sold. A transaction cannot be subject to both VAT and Transfer Duty - it [...]
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