Month: June 2017

June 26, 2017

Bankorp, Volkskas and Absa: Prescription of Debt Owed to the State

I fondly remember the prestige and pride that engulfed me as I successfully opened my savings, cheque and credit card accounts with Volkskas in 1995, or was it 1997? Little did I know that my pride then was a product of my oblivion as Volkskas existed primarily to further Afrikaner empowerment – while I may […]

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June 14, 2017

Landmark eviction ruling

8 June 2017 will long be remembered in South African legal history. Last week, the Constitutional Court handed down a landmark judgement which will empower poor and impoverished people and assist them in realising the socio-economic rights which have been promised by the government, with very little delivery. The Court set aside the eviction of […]

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June 8, 2017

VAT: Director’s fees

On 4 May, SARS issued a Binding General Ruling (BDG) VAT 41 as a sequel to its BDG VAT 40 published on 10 February. This is intended to finally put to rest the treatment of activities conducted by Non-Executive Directors (NEDs) as those falling under proviso to the definition of “enterprise” in section 1(1) of […]

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June 6, 2017

Fake news and false impressions

The steady publication of the Zuptagate emails over the past 2 weeks has given South Africans interesting insights into what seems to happen behind the scenes of politics and some big businesses. Some of the information that has emerged has also given us startling insight into the way information can be manipulated. Of course, we […]

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