Fiduciary Services

Specialist Tax and Accounting

Our team of fiduciary specialists provide accounting and tax services to clients in respect of their local and offshore investment structures, including the administration of deceased estates locally and offshore. The necessity to ensure the correct accounting, taxation and administration of a client's estate plan and accompanying structuring demands a dedicated team of professionals that works closely with all stakeholders to execute the plan and correctly account for all aspects of the client estate and assets.

Additionally, through our Trust Office we provide comprehensive trust administration and support to client trusts, including the holding of independent trusteeships on client trusts as well as comprehensive beneficial ownership management and reporting.

Why our Trust Office services are vital for your family trust!

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Our Fiduciary Team

Our Fiduciary Team

Tanya Strauss

Director

Tanya is a Director of PH Fiduciary, specialising in financial statement reporting, tax and fiduciary services for her wealth management clients. Her aim is to partner with private wealth management companies to service high net worth trust customers, providing tailor-made accounting and fiduciary services and tax efficient solutions for all their domestic and offshore investment entities.

Sandton
tanya@phinc.co.za
+27 83 979 6946
+27 11 217 4818
+27 83 979 6946
Show more

Annelize van der Bank

Senior Estate Administrator

Annelize is a senior and experienced deceased estates administrator and heads up the estates department of PH Fiduciary. Annelize specialises in the administration of deceased estates and estate planning, and approaches her work with professionalism and compassion and understanding  for her clients.

Bloemfontein
annelize@phinc.co.za
+27 51 400 4043
+27 84 358 1469
Show more

Mandri Breitenbach

Financial Accountant

Mandri is a Financial Accountant at PH Fiduciary Services (Pty) Ltd where she focuses on trust accounting, taxation, estate planning and fiduciary services. She has a passion to assist her clients with accounting and tax matters by focusing on the client’s needs while making sure that they comply with all the relevant taxation laws and regulations.  

Bloemfontein
mandri@phinc.co.za
+27 72 529 3964
+27 72 529 3964
Show more

Elsabé Liebenberg

Financial Accountant

Elsabé is a Financial Accountant at PH Fiduciary Services (Pty) Ltd in Sandton where she focuses on trust accounting, taxation, estate planning and fiduciary services. She is skilled in providing high net worth trust customers with tax efficient solutions.

Sandton
elsabel@phinc.co.za
+27 84 661 9551
Show more

Dr Candice Reynders

Director

Candice is a Director in the Commercial Practice Group, specialising in corporate restructuring and taxation, and general commercial transactions. Her passion is to understand a client’s business and create a tailormade solution for their corporate structure, ensuring that the business runs optimally.

Bloemfontein
candice@phinc.co.za
+27 51 400 4108
+27 51 400 4161
+27 73 141 9155
Show more

Elani van Coller

Trust Officer

Elani is a Trust Officer in the Trust Office of PH Fiduciary where she is responsible for providing trust administration and compliance services on behalf of trust and corporate clients. As a Trust Officer, Elani works side-by-side with client trusts and their trustees, advisors and accountants to ensure their trusts are administered correctly and compliantly

Bloemfontein
elani@phinc.co.za
+27 51 400 4019
+27 82 052 3577
Show more

Zandré Janse van Vuuren

Trust Assistant

Zandré is a Trust Assistant in the Trust Office of PH Fiduciary. Zandré works closely with our Trust Officers and legal advisors when providing vital administrative support to clients in respect of their trusts and companies.

Bloemfontein
zandre@phinc.co.za
+27 51 400 4176
+27 51 400 4141
+27 79 255 6008
Show more

Hadiyo Mathoka

Candidate Legal Practitioner

Hadiyo Mathoka is a Candidate Legal Practitioner in the Commercial department. She is committed to satisfying her client’s needs courageously and to maintaining a good level of communication.

Bloemfontein
hadiyo@phinc.co.za
+27 51 400 4070
+27 60 505 2795
Show more

Andrina Van der Merwe

Tax Administrator

Andrina is a Tax Administrator at PH Fiduciary where she assists a wide variety of clients with their taxation matters in respect of their personal and trust estates.

Sandton
Babs@phinc.co.za
+27 51 400 4053
+27 84 512 9750
Show more

Tebello Setleko

Candidate Legal Practitioner

Tebello is a Junior Estate Administrator in the PH Fiduciary team where she assists with estate administration services as well as compliance support in respect of aspects such as FICA and POPIA. 

Bloemfontein
tebello@phinc.co.za
+27 51 400 4008
+27 61 399 7425
Show more

Tanya Strauss

Director

Tanya is a Director of PH Fiduciary, specialising in financial statement reporting, tax and fiduciary services for her wealth management clients. Her aim is to partner with private wealth management companies to service high net worth trust customers, providing tailor-made accounting and fiduciary services and tax efficient solutions for all their domestic and offshore investment entities.

Sandton
tanya@phinc.co.za
+27 83 979 6946
+27 11 217 4818
+27 83 979 6946
Show more

Mandri Breitenbach

Financial Accountant

Mandri is a Financial Accountant at PH Fiduciary Services (Pty) Ltd where she focuses on trust accounting, taxation, estate planning and fiduciary services. She has a passion to assist her clients with accounting and tax matters by focusing on the client’s needs while making sure that they comply with all the relevant taxation laws and regulations.  

Bloemfontein
mandri@phinc.co.za
+27 72 529 3964
+27 72 529 3964
Show more

Elsabé Liebenberg

Financial Accountant

Elsabé is a Financial Accountant at PH Fiduciary Services (Pty) Ltd in Sandton where she focuses on trust accounting, taxation, estate planning and fiduciary services. She is skilled in providing high net worth trust customers with tax efficient solutions.

Sandton
elsabel@phinc.co.za
+27 84 661 9551
Show more

Dr Candice Reynders

Director

Candice is a Director in the Commercial Practice Group, specialising in corporate restructuring and taxation, and general commercial transactions. Her passion is to understand a client’s business and create a tailormade solution for their corporate structure, ensuring that the business runs optimally.

Bloemfontein
candice@phinc.co.za
+27 51 400 4108
+27 51 400 4161
+27 73 141 9155
Show more

Elani van Coller

Trust Officer

Elani is a Trust Officer in the Trust Office of PH Fiduciary where she is responsible for providing trust administration and compliance services on behalf of trust and corporate clients. As a Trust Officer, Elani works side-by-side with client trusts and their trustees, advisors and accountants to ensure their trusts are administered correctly and compliantly

Bloemfontein
elani@phinc.co.za
+27 51 400 4019
+27 82 052 3577
Show more

Zandré Janse van Vuuren

Trust Assistant

Zandré is a Trust Assistant in the Trust Office of PH Fiduciary. Zandré works closely with our Trust Officers and legal advisors when providing vital administrative support to clients in respect of their trusts and companies.

Bloemfontein
zandre@phinc.co.za
+27 51 400 4176
+27 51 400 4141
+27 79 255 6008
Show more

Hadiyo Mathoka

Candidate Legal Practitioner

Hadiyo Mathoka is a Candidate Legal Practitioner in the Commercial department. She is committed to satisfying her client’s needs courageously and to maintaining a good level of communication.

Bloemfontein
hadiyo@phinc.co.za
+27 51 400 4070
+27 60 505 2795
Show more

Andrina Van der Merwe

Tax Administrator

Andrina is a Tax Administrator at PH Fiduciary where she assists a wide variety of clients with their taxation matters in respect of their personal and trust estates.

Sandton
Babs@phinc.co.za
+27 51 400 4053
+27 84 512 9750
Show more

Tebello Setleko

Candidate Legal Practitioner

Tebello is a Junior Estate Administrator in the PH Fiduciary team where she assists with estate administration services as well as compliance support in respect of aspects such as FICA and POPIA. 

Bloemfontein
tebello@phinc.co.za
+27 51 400 4008
+27 61 399 7425
Show more

Annelize van der Bank

Senior Estate Administrator

Annelize is a senior and experienced deceased estates administrator and heads up the estates department of PH Fiduciary. Annelize specialises in the administration of deceased estates and estate planning, and approaches her work with professionalism and compassion and understanding  for her clients.

Bloemfontein
annelize@phinc.co.za
+27 51 400 4043
+27 84 358 1469
Show more

Make an appointment with us today

Key Fiduciary Services

Administration of Estates

Administration of deceased estates, include advice and guidance, holding of executorships, preparation of all documentation for submission to the Master of the High Court, preparation of agr...

Show more

Corporate Trusteeship

The holding of independent corporate trusteeships on inter vivos and testamentary trusts for the local trusts of South African clients as well as broad-based and employee ownership schemes v...

Show more

Fiduciary Accounting and Tax Compliance

Comprehensive accounting and taxation compliance support services in respect of local and offshore investment trusts and companies by Phatshoane Henney Fiduciary Services, including data cap...

Show more

Administration of Estates

Administration of deceased estates, include advice and guidance, holding of executorships, preparation of all documentation for submission to the Master of the High Court, preparation of agreements, management of estate assets and liabilities, and all related aspects to ensure a successful administration of a deceased estate. Our Administration of deceased estates includes South African estates and international deceased estates.

Show more

Corporate Trusteeship

The holding of independent corporate trusteeships on inter vivos and testamentary trusts for the local trusts of South African clients as well as broad-based and employee ownership schemes via representatives of Phatshoane Henney Fiduciary Services, including all related fiduciary and administrative aspects relating to trust management and execution of the role of independent corporate trustee.

Show more

Fiduciary Accounting and Tax Compliance

Comprehensive accounting and taxation compliance support services in respect of local and offshore investment trusts and companies by Phatshoane Henney Fiduciary Services, including data capturing, financial statement compilation, financial statement independent reviews, tax calculations, tax submissions to the South African Revenue Services and the Companies and Intellectual Property Commission as well as personal tax calculations and tax submissions for individuals and local beneficiaries or shareholders of offshore trusts and companies.

Show more

Administration of Estates

Administration of deceased estates, include advice and guidance, holding of executorships, preparation of all documentation for submission to the Master of the High Court, preparation of agreements, management of estate assets and liabilities, and all related aspects to ensure a successful administration of a deceased estate. Our Administration of deceased estates includes South African estates and international deceased estates.

Show more

Administration of Estates

Administration of deceased estates, include advice and guidance, holding of executorships, preparation of all documentation for submission to the Master of the High Court, preparation of agreements, management of estate assets and liabilities, and all related aspects to ensure a successful administration of a deceased estate. Our Administration of deceased estates includes South African estates and international deceased estates.

Show more

Administration of Estates

Administration of deceased estates, include advice and guidance, holding of executorships, preparation of all documentation for submission to the Master of the High Court, preparation of agreements, management of estate assets and liabilities, and all related aspects to ensure a successful administration of a deceased estate. Our Administration of deceased estates includes South African estates and international deceased estates.

Show more

Proper estate planning = peace of mind

Latest Insights

The latest developments in respect of the new Anti-money Laundering Legislation

28 August 2023

In this article, we provide an important update to trustees and company directors on the latest developments in respect of the newly introduced beneficial ownership reporting for trusts and companies as introduced by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) which came into full effect on 1 April 2023 and affects all trusts and companies in South Africa.

Show more
READ MORE
914
Article

You must take capital gains tax into account in your estate planning

28 August 2023

When assisting clients with estate planning and discussing the tax considerations applicable to their estate upon their death, an often misunderstood and unplanned for consequence following a death is capital gains tax (“CGT”). In this article, we take a closer look at some of the considerations that come into play with respect to CGT and how regular review of your estate plan is important to ensure that the latest tax considerations have been incorporated into your estate plan.

Show more
READ MORE
697
Article

Allowable exclusions from your estate duty

28 August 2023,  Annelize van der Bank

A question often asked by the heirs of a deceased when faced with the prospect of estate duty, is what exclusions are allowed in terms of the Estate Duty Act 45 of 1955. In this article, we highlight some of the main exclusions from estate duty.

Show more
READ MORE
1040
Article

Planning for the transfer of South African assets on death after emigration

28 August 2023,  Francois Fouché

The prospect of uprooting your family and emigrating to another country probably ranks as one of the most difficult and stressful decisions any person will face during their lifetime. There are also so many aspects to consider, that sometimes you don’t consider some of the obvious aspects like how to deal with South African assets that you may still retain following emigration. In this article, we discuss a few of the important aspects you should consider.

Show more
READ MORE
488
Article

Is your company making use of all the renewable energy incentives at its disposal?

25 August 2023,  Mandri BreitenbachTanya Strauss

As South Africa seeks to embrace renewable energy and reduce its carbon footprint, solar power has emerged as a promising and environmentally conscious solution. Beyond the environmental benefits, installing solar panels on residential and commercial properties can also provide financial advantages. In addition to long-term savings on electricity bills, there are several tax benefits available to individuals and businesses who opt for solar energy. In this article we explore the various t...

Show more
READ MORE
122
Article

Trusts: Majority rules, or unanimity triumphs?

27 July 2023,  Mark le Riche

Everyone is familiar with the term ‘majority rules’ and generally when applied it means that the decision of the majority sticks and is valid. The question that arose in the recent case of Shepstone & Wylie Attorneys v Abraham Johannes de Witt N.O. and Others [2023] ZASCA 74 was whether the majority decision by the trustees of a trust needed a resolution signed by all the trustees to be valid. In this article we take a look at the decision and what it potentially means for the la...

Show more
READ MORE
887
Article

Tread carefully when considering debt-to-equity restructuring

26 July 2023,  Dr Candice Reynders

Converting or exchanging debt that is owed by a company into shares in that same company has long been used as a debt restructuring tool. There are, however, very fine lines that surround this solution and it needs to be structured correctly to ensure that no unintended tax consequences arise. In this article, we briefly highlight a few considerations in relation to such restructuring.

Show more
READ MORE
211
Article

Why can deceased estates take so long to be finalised?

29 May 2023,  Tebello Setleko

The family of a deceased are often confronted with the harsh reality of having to wind up a deceased’s estate after his or her passing. Usually, there is the expectation that this should go quickly, but unfortunately, the reality is that the process is hardly ever a quick one. So how long then does it take to wind up a deceased estate? 

Show more
READ MORE
1500
Article

The ‘what’ and ‘when’ of the new beneficial ownership reporting for companies

10 May 2023,  Dr Candice ReyndersLuhann Prinsloo

Surprisingly, many companies remain blissfully unaware of the new company reporting requirements introduced by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”). The Amendment Act introduces changes to the company environment (effective 1 April 2023) which will have an administrative impact on South African companies. In this article we delve into the ‘what’ and ‘when’ of these new repo...

Show more
READ MORE
1298
Article

Why trustees must now also record the accountable institutions they engage with

04 May 2023,  Dr Candice ReyndersElani van Coller

With the passing of the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) late in December 2022, a number of critical amendments were introduced to the Trust Property Control Act 57 of 1988 (“Trust Act”), including amongst others the responsibility by trustees to record details about the Accountable Institutions they engage with in their capacity as trustee. In this article, we look a little deeper at this r...

Show more
READ MORE
1121
Article

Trustees take note! How to record your beneficial ownership structure

18 April 2023,  André van NiekerkJohnny Davis

In a previous article we unpacked the introduction and meaning of the new ‘beneficial owner’ definition introduced into the law of trusts by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”). With these changes being effective as of 1 April 2023, trustees should be awake to the proposed process for recording and submitting your trust’s beneficial ownership information to the Master of the High Cour...

Show more
READ MORE
2048
Article

New Beneficial Ownership rules for companies and trusts

14 April 2023,  Luhann Prinsloo

With the new General Laws (Anti-money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) having come into operation on 1 April 2023, a new definition of ‘beneficial ownership’ has been formally introduced in a number of key laws affecting all trusts and companies. In this article we delve a bit deeper into this new concept.

Show more
READ MORE
1430
Article

Trustees MUST now report their status! Find out why

30 March 2023,  André van NiekerkJohnny DavisMark le Riche

With major amendments to South Africa’s anti-money laundering framework scheduled to take effect from 1 April 2023 as part of Government’s strategy to remedy South Africa’s grey listing status, all trustees should take careful note of the new disclosure requirements that will apply to them.

Show more
READ MORE
862
Article

Don’t forget about your will when getting married or divorced!

29 March 2023,  André van Niekerk

In the highs of getting married or the lows of divorce, parties generally forget to think about their estate planning. This is understandable as no one wants to entertain thoughts of death and division of assets during those times! Unfortunately, such an oversight can create a mess in the event of your untimely death. The golden rule is to always, when there are material changes in your life like marriage, children, divorce and even death, revisit your estate planning and bring it up to date wit...

Show more
READ MORE
406
Article

New disclosure requirements for companies. Comply or risk being deregistered!

22 March 2023,  Dr Candice ReyndersLuhann Prinsloo

In this article we take a look at amendments to the Companies Act 71 of 2008 which introduces new disclosure requirements. These amendments have been introduced by the recently passed General Laws (Anti-Money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) with the new disclosure requirements applying as of 1 April 2023. 

Show more
READ MORE
740
Article

We do not wish to marry; how do we regulate our relationship?

09 March 2023,  Bontleng LinksIlze Strydom

With the increase in the number of divorces and decline in marriages in South Africa, what legal protection is available to ex-spouses, separated partners or domestic life partners?

Show more
READ MORE
1041
Article

Companies take note of new beneficial ownership reporting requirements

06 March 2023,  Dr Candice ReyndersLuhann Prinsloo

The General Laws (Anti-Money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) was signed into law late in December 2022 and contains a number of critical measures South Africa hopes to put to use in the fight against money laundering and terrorist financing. In this article we take a look specifically at amendments to the Companies Act 71 of 2008 and the new reporting requirements applicable to companies.

Show more
READ MORE
797
Article

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 hav...

Show more
READ MORE
2994
Article

The latest developments in respect of the new Anti-money Laundering Legislation

28 August 2023

In this article, we provide an important update to trustees and company directors on the latest developments in respect of the newly introduced beneficial ownership reporting for trusts and companies as introduced by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) which came into full effect on 1 April 2023 and affects all trusts and companies in South Africa.

Show more
READ MORE
914
Article

You must take capital gains tax into account in your estate planning

28 August 2023

When assisting clients with estate planning and discussing the tax considerations applicable to their estate upon their death, an often misunderstood and unplanned for consequence following a death is capital gains tax (“CGT”). In this article, we take a closer look at some of the considerations that come into play with respect to CGT and how regular review of your estate plan is important to ensure that the latest tax considerations have been incorporated into your estate plan.

Show more
READ MORE
697
Article

Allowable exclusions from your estate duty

28 August 2023,  Annelize van der Bank

A question often asked by the heirs of a deceased when faced with the prospect of estate duty, is what exclusions are allowed in terms of the Estate Duty Act 45 of 1955. In this article, we highlight some of the main exclusions from estate duty.

Show more
READ MORE
1040
Article

Planning for the transfer of South African assets on death after emigration

28 August 2023,  Francois Fouché

The prospect of uprooting your family and emigrating to another country probably ranks as one of the most difficult and stressful decisions any person will face during their lifetime. There are also so many aspects to consider, that sometimes you don’t consider some of the obvious aspects like how to deal with South African assets that you may still retain following emigration. In this article, we discuss a few of the important aspects you should consider.

Show more
READ MORE
488
Article

Is your company making use of all the renewable energy incentives at its disposal?

25 August 2023,  Mandri BreitenbachTanya Strauss

As South Africa seeks to embrace renewable energy and reduce its carbon footprint, solar power has emerged as a promising and environmentally conscious solution. Beyond the environmental benefits, installing solar panels on residential and commercial properties can also provide financial advantages. In addition to long-term savings on electricity bills, there are several tax benefits available to individuals and businesses who opt for solar energy. In this article we explore the various t...

Show more
READ MORE
122
Article

Trusts: Majority rules, or unanimity triumphs?

27 July 2023,  Mark le Riche

Everyone is familiar with the term ‘majority rules’ and generally when applied it means that the decision of the majority sticks and is valid. The question that arose in the recent case of Shepstone & Wylie Attorneys v Abraham Johannes de Witt N.O. and Others [2023] ZASCA 74 was whether the majority decision by the trustees of a trust needed a resolution signed by all the trustees to be valid. In this article we take a look at the decision and what it potentially means for the la...

Show more
READ MORE
887
Article

Tread carefully when considering debt-to-equity restructuring

26 July 2023,  Dr Candice Reynders

Converting or exchanging debt that is owed by a company into shares in that same company has long been used as a debt restructuring tool. There are, however, very fine lines that surround this solution and it needs to be structured correctly to ensure that no unintended tax consequences arise. In this article, we briefly highlight a few considerations in relation to such restructuring.

Show more
READ MORE
211
Article

Why can deceased estates take so long to be finalised?

29 May 2023,  Tebello Setleko

The family of a deceased are often confronted with the harsh reality of having to wind up a deceased’s estate after his or her passing. Usually, there is the expectation that this should go quickly, but unfortunately, the reality is that the process is hardly ever a quick one. So how long then does it take to wind up a deceased estate? 

Show more
READ MORE
1500
Article

The ‘what’ and ‘when’ of the new beneficial ownership reporting for companies

10 May 2023,  Dr Candice ReyndersLuhann Prinsloo

Surprisingly, many companies remain blissfully unaware of the new company reporting requirements introduced by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”). The Amendment Act introduces changes to the company environment (effective 1 April 2023) which will have an administrative impact on South African companies. In this article we delve into the ‘what’ and ‘when’ of these new repo...

Show more
READ MORE
1298
Article

Why trustees must now also record the accountable institutions they engage with

04 May 2023,  Dr Candice ReyndersElani van Coller

With the passing of the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) late in December 2022, a number of critical amendments were introduced to the Trust Property Control Act 57 of 1988 (“Trust Act”), including amongst others the responsibility by trustees to record details about the Accountable Institutions they engage with in their capacity as trustee. In this article, we look a little deeper at this r...

Show more
READ MORE
1121
Article

Trustees take note! How to record your beneficial ownership structure

18 April 2023,  André van NiekerkJohnny Davis

In a previous article we unpacked the introduction and meaning of the new ‘beneficial owner’ definition introduced into the law of trusts by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”). With these changes being effective as of 1 April 2023, trustees should be awake to the proposed process for recording and submitting your trust’s beneficial ownership information to the Master of the High Cour...

Show more
READ MORE
2048
Article

New Beneficial Ownership rules for companies and trusts

14 April 2023,  Luhann Prinsloo

With the new General Laws (Anti-money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) having come into operation on 1 April 2023, a new definition of ‘beneficial ownership’ has been formally introduced in a number of key laws affecting all trusts and companies. In this article we delve a bit deeper into this new concept.

Show more
READ MORE
1430
Article

Trustees MUST now report their status! Find out why

30 March 2023,  André van NiekerkJohnny DavisMark le Riche

With major amendments to South Africa’s anti-money laundering framework scheduled to take effect from 1 April 2023 as part of Government’s strategy to remedy South Africa’s grey listing status, all trustees should take careful note of the new disclosure requirements that will apply to them.

Show more
READ MORE
862
Article

Don’t forget about your will when getting married or divorced!

29 March 2023,  André van Niekerk

In the highs of getting married or the lows of divorce, parties generally forget to think about their estate planning. This is understandable as no one wants to entertain thoughts of death and division of assets during those times! Unfortunately, such an oversight can create a mess in the event of your untimely death. The golden rule is to always, when there are material changes in your life like marriage, children, divorce and even death, revisit your estate planning and bring it up to date wit...

Show more
READ MORE
406
Article

New disclosure requirements for companies. Comply or risk being deregistered!

22 March 2023,  Dr Candice ReyndersLuhann Prinsloo

In this article we take a look at amendments to the Companies Act 71 of 2008 which introduces new disclosure requirements. These amendments have been introduced by the recently passed General Laws (Anti-Money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) with the new disclosure requirements applying as of 1 April 2023. 

Show more
READ MORE
740
Article

We do not wish to marry; how do we regulate our relationship?

09 March 2023,  Bontleng LinksIlze Strydom

With the increase in the number of divorces and decline in marriages in South Africa, what legal protection is available to ex-spouses, separated partners or domestic life partners?

Show more
READ MORE
1041
Article

Companies take note of new beneficial ownership reporting requirements

06 March 2023,  Dr Candice ReyndersLuhann Prinsloo

The General Laws (Anti-Money Laundering and Combatting of Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) was signed into law late in December 2022 and contains a number of critical measures South Africa hopes to put to use in the fight against money laundering and terrorist financing. In this article we take a look specifically at amendments to the Companies Act 71 of 2008 and the new reporting requirements applicable to companies.

Show more
READ MORE
797
Article

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 hav...

Show more
READ MORE
2994
Article

Trustees beware! You can now be fined and jailed!

27 February 2023,  André van NiekerkJohnny DavisMark le Riche

Trusts have for some time now been the target of criticism for their alleged use and abuse in the money laundering environment. The latest challenge to the trust comes in the form of a major amendment to South Africa’s anti-money laundering framework by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) which holds serious implications for trusts and trustees. In this article we will focus specifically o...

Show more
READ MORE
942
Article

New anti-money laundering amendment legislation to affect companies and trusts

21 February 2023,  Dr Damian Viviers

Major amendments to South Africa’s anti-money laundering framework have almost unnoticed introduced serious changes to the trust and company law environment, including the addition of hefty fines and jailtime for trustees! So, although these changes have been aimed at the fight against money laundering and terrorism, the real impact of the amendments will be far wider. 

Show more
READ MORE
1007
Article