New draft tax and finance regulations have been included in recent South African legislation by President Cyril Ramaphosa. These new regulations include several new administrative and technical issues which need to be taken into consideration by taxpayers. In terms of...

Background and Declaration: Bitcoin reached a new all-time high earlier this month, surpassing the R600 000 (six hundred thousand Rand) mark. This price increase sparked renewed interest and increased trading in crypto assets which further highlighted the need for the...

Background: One of the aspects to consider when there is a merger of companies is whether notification of such merger must be given to the competition commission (“Commission”). The Competition Act No. 89 of 1998 (“Act”) governs when merger notification is required....

Restraint of trade provisions are a common sight in employment agreements and many individuals encounter a restraint of trade provision for the first time when they sign an employment agreement. Most individuals merely consider a restraint of trade provision to be a...

South Africa entered into the adjusted Level 3 lockdown, due to the new and more contagious strain of COVID-19 on 28 December 2020 (“Adjusted Level 3 Regulations”). The Adjusted Level 3 Regulations impact individuals and business owners alike. What follows is a brief...

In South Africa, taxpayers are often on the lookout for ways to considerably reduce their tax liability and there are several tax incentive structures that, if utilised correctly, may afford such relief. Section 12J of the Income Tax Act No. 58 of 1962 (“Income Tax...

On Tuesday the 25th of August 2020 the Parliament of the Republic of South Africa issued a press release stating that the National Assembly had, during its hybrid plenary, passed the Disaster Management Tax Relief Bill and the Disaster Management Tax Relief...

There has been a lot of speculation whether business rescue is indeed the way forward for struggling companies and whether it is indeed a viable option which is provided for by the Companies Act No. of 71 of 2008 (“Companies Act”). This speculation surrounding...

On the 7th of August 2020 the Minister of Health, Dr. Zweli Lawrence Mkhize, issued two new directives. The first directive, issued in terms of regulation 3(3) issued under section 27(2) of the Disaster Management Act No. 57 of 2002 (“Disaster Management Act”),...

Introduction: Due to the Covid-19 pandemic, remote working, also referred to as smart working, has become the new norm for many employees and may remain the norm for as long as Covid-19 is part of our lives and possibly beyond. Working from home or other locations...

On the 11th of May 2020, the Department of Agriculture, Land Reform and Rural Development (“the Department”) released a media statement announcing the nationwide opening of deeds offices on the 13th of May 2020. The media statements advised that all services will be...

The Covid-19 pandemic together with the ensuing national lockdown has caused many businesses throughout South Africa to suffer severe financial strain and hardship. This has resulted in businesses facing a sharp increase in unforeseen risks which directly impact the...