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Panel Discussion: Decoding the 2025 Budget Speech

Date: 26 February 2025 | Location: Online webinar – link will be sent to registrants

Join us for our annual online panel discussion as our expert panellists set to work decoding the 2025 national budget from a legal, tax, accounting, fiduciary, and compliance perspective and discuss the implications it holds for individuals, trusts, and companies. 

Event Details
Date: 26 February 2025
Start Time: 26 February 2025 03:00 PM
End Time: 26 February 2025 04:00 PM

Panel Discussion: Decoding the 2025 Budget Speech

Date: 26 February 2025 | Location: Online webinar – link will be sent to registrants

Join us for our annual online panel discussion as our expert panellists set to work decoding the 2025 national budget from a legal, tax, accounting, fiduciary, and compliance perspective and discuss the implications it holds for individuals, trusts, and companies. 

Event Details
Date: 26 February 2025
Start Time: 26 February 2025 03:00 PM
End Time: 26 February 2025 04:00 PM

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Filter: Corporate
Alert: South Africa’s grey listing means extensive new compliance requirements!

28 February 2023,  Dr Damian Viviers

The announcement on Friday that South Africa has been grey listed has come as a shock to many South Africans... blissfully unaware of this sword hanging over our heads. For those in the know, grey listing has been unavoidable given the damning reports levelled against weaknesses in our money laundering and financial control framework. But besides hurting our economy the grey listing has also forced government to introduce stricter control measures to correct the shortcomings and hopefully have the grey listing removed over time. And these control measures will affect all businesses and individuals in some way or another.

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3924
Article
When should you register your B-BBEE transaction with the B-BBEE Commission?

20 October 2022,  Johnny Davis

Should your business consider an ownership transaction which may affect your ownership recognition for BEE purposes, it will be important... to also consider whether this transaction will require registration with the B-BBEE Commission. In this article we briefly unpack what the requirements for registration of a major B-BBEE transaction are.

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2049
Article
When must a director disclose a financial interest?

08 February 2022,  Millisanté de Wee

Being a director in a company does not necessarily stop you from holding shares in other companies. However, should your... company transact with another company in which you have a shareholding stake and from which you could potentially benefit, it becomes important that you disclose such financial interest to your co-directors, even if you can’t influence the transaction.

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6060
Article
Companies Act Amendment Bill – less red tape or more?

14 December 2021,  Luhann Prinsloo

I understand there are amendments being proposed to the Companies Act? Will this help make life easier or harder for... our company? It feels as if there is always just more red tape whenever the law changes.

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1719
Article
Share buyback? Possible, but take care!

15 November 2021

I’m a shareholder in a private company and wish to get rid of my shares to free up some cashflow.... That said, I don’t want to sell to a stranger and my other shareholders don’t want to buy my shares either. One of them suggested that the company buy back my shares. Is this allowed?

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1288
Article
How long is a proxy valid for?

14 September 2021,  Johnny Davis

I was recently appointed as a proxy to represent a shareholder at an upcoming shareholders meeting. Unfortunately, the meeting has... been rescheduled two months later, and I was wondering if the proxy will still be valid then or would I need to have a new proxy issued by the shareholder for the meeting?

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1204
Article
Phantom share schemes – a very real option for incentivising your key staff

20 May 2021,  Mulalo Mokgoro

Our family owns a very successful agriculture company that has been built up over the years by our family. We... have a number of employees that have also shown their value to the business and we would like to retain and reward them by giving them shares in the business. However, we feel strongly about the family nature of our business and don’t want a large number of shareholders with accompanying shareholder rights we have to involve in every decision. Is this possible to achieve?

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1242
Article
Good news for offshore structures

16 March 2021,  Dr Candice Reynders

I noted an article the other day that referred to tax restrictions for loop structures. What is a loop structure... and how have restrictions been reduced?

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1147
Article
Who must submit a compliance report in terms of section 13G of the B-BBEE Act?

16 March 2021,  Marc Naude

I recently saw an article about the B-BBEE Commission requiring BEE compliance reports to be submitted to it. I don’t... really know what a compliance report is or who must submit such. Will my business have to do this?

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1060
Article
Why the company secretary is a business superpower

15 February 2021,  Mulalo Mokgoro

The title “company secretary” brings to mind a picture of an administrative secretary who attends to scheduling of your diary... and answering phones calls on behalf of your company. The company secretary is not the aforementioned but rather a specialised role regulated by the Companies Act of 2008. This position is mostly occupied by individuals or juristic persons who possess specialised governance knowledge with a legal qualification. A company secretary’s duties as regulated by the Companies Act include, but are not restricted to - providing the directors of the company collectively and individually with guidance as to their duties, responsibilities and powers; making the directors aware of any law relevant to or affecting the company; reporting to the company’s board any failure on the part of the company or a director to comply with the Memorandum of Incorporation or rules of the company; ensuring that minutes of all shareholders meetings, board meetings and the meetings of any committees of the directors, or of the company’s audit committee, are properly recorded; certifying in the company’s annual financial statements whether the company has filed required returns and notices in terms of the Companies Act, and whether all such returns and notices appear to be true, correct and up to date; and ensuring that a copy of the company’s annual financial statements is sent, in accordance with this Act, to every person who is entitled to it. With most companies adopting a “work from home” system as a result of the Covid-19 pandemic, company secretaries have had to ensure that businesses adopt policies which enable employees to work from home in a more structured and controlled setting. Company secretaries have also been zooming in on a business’s founding documents to ensure that the documents allow for conducting of virtual board and shareholders meetings and decision making by way of electronic resolutions.The King IV report on corporate governance recommends that a board of directors must satisfy itself on the competence, qualifications and experience of a company secretary and appoint one to ensure that it receives adequate guidance and advice on corporate governance matters. Avoid the appointment of unskilled and unqualified persons to render company secretariat services for your business as you may risk being found non-compliant in respect of applicable legislative prescripts. Your business requires a company secretary that is thoroughly knowledgeable as regards current legislation and court decisions in order to adequately update the board of directors on laws and compliance matters which may affect your business.Please contact our offices for more insight into this role.

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1453
Blog
5 reasons why POPIA is not a curse word

03 February 2021,  Dr Damian Viviers

POPIA has for years, and especially since coming into effect on 01 July 2020, attracted significant attention. While this legislation... does of course place new compliance obligations on businesses during a time of economic difficulty and uncertainty left in the wake of the COVID-19 pandemic, it is certainly not bad news, whether seen from a business or personal perspective. Here are five reasons why the coming into effect of POPIA is actually a really good thing:1. The flow of personal information is now better regulated – POPIA imposes new rules and accountability for how personal information may be used and shared.2. Data Security – POPIA requires that any entity in the possession of your personal information must take active measures to ensure that they keep your information safe and secure.3. Access to information – Any entity that is in possession of your personal information must at your request, provide confirmation that they do have such information and provide you with access to that information.4. Notification -  POPIA requires that if a business has experienced a data breach during which your personal information has been compromised or leaked they must inform you of any such breach and any measures they have taken in order to remedy the breach.5. Quality marketing – POPIA has changed the rules regarding electronic direct marketing and essentially requires businesses, of which you are not an existing client or customer, to obtain your consent before they can market their goods and services to you.Hence, five solid reasons not to view POPIA as a curse word - but rather as legislation that does in fact, make our world a better place. 

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1351
Blog
51% black equity tender pre-qualification criteria found to be invalid

06 January 2021,  Kitso Tshipa

My business is 26% black owned but has been excluded from a number of tenders because of pre-qualification criteria for... tenders being set at being at least 51% black owned. I’ve seen in the news though that this practice has been scratched by the courts. Is this true?

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1220
Article

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