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Alliott Global Alliance expands to 80 countries

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 [...]

Buying property in South Africa as a non-resident

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 [...]

Membership of a close corporation and death of a member

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 [...]

By |2021-02-19T05:45:25+00:00February 19th, 2021|Financial, Legaladvice|0 Comments

The effect of the covid 19 pandemic on restraint of trade clauses

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 [...]

By |2021-03-26T09:51:59+00:00February 12th, 2021|Financial, Labour Law, Legaladvice|0 Comments

Drowning in debt? Voluntary surrender and what you need to know

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 [...]

By |2021-04-21T11:54:40+00:00February 12th, 2021|Financial, Legaladvice|0 Comments

The reasons for delay in Property Transfers and the Covid-19 factor

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 [...]

By |2021-02-01T12:12:44+00:00February 1st, 2021|Financial, Governments, Taxes|0 Comments

Clarifying the issue of when VAT or Transfer Duty is payable on a property transaction

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 [...]

By |2021-02-01T10:36:37+00:00February 1st, 2021|Financial, Governments, Taxes|0 Comments

African Continental Free Trade Agreement: Great Opportunities and Some Challenges

WHAT IS THE AFRICAN CONTINENTAL FREE TRADE AGREEMENT? The African Continental Free Trade Agreement (“the Agreement”) is one of the Flagship Projects of the African Union’s Agenda 2063 (“Agenda 2063”).[1] The Agreement responds to the aspirations of Agenda 2063, which is underpinned by the vision to build an integrated, prosperous, and peaceful African continent in [...]

By |2021-03-26T10:02:30+00:00December 23rd, 2020|Financial, Governments, International|0 Comments
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