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Thousands will love your new jingle, Bjorn from Sweden will claim he composed it

In 1971, while at an airport under dark and overcast skies in Ireland - which delayed his flight, Bill Backer - the creative director of McCann-Erickson wrote: 'I'd like to buy the world a Coke and keep it company'...

By Reinhardt Biermann and Stephen Hollis 24 Jul 2015 13:44

Securities transfer tax exemption where parties opt out of roll-over relief

The South African Revenue Service (SARS) released Binding Private Ruling No 195 (Ruling) on 26 June 2015. The Ruling deals with the application of the exemption provision contained in s8(1)(a) of the Securities Transfer Tax Act, No 25 of 2007 (STT Act)...

By Heinrich Louw 23 Jul 2015 15:53

Importance of applying solvency and liquidity test

The Companies Act 71 of 2008 (the Act) prescribes that it is a mandatory, strict requirement for directors to apply a set solvency and liquidity test to the companies in their control when making certain decisions...

23 Jul 2015 12:37

EU opens probe into Rexam beverage can takeover

BRUSSELS, BELGIUM: The EU's competition regulator opened an in-depth probe on Monday into the proposed takeover of Rexam, the British maker of beverage cans, by US peer Ball Corporation in an offer worth £4.3 billion ($6.6 billion; €5.8 billion)...

22 Jul 2015 10:00

Voluntary registration: when to raise your hand

A person is obliged to register as a value-added tax (VAT) vendor where such person makes taxable supplies (comprising standard and zero-rated supplies) in excess of R1 million in a consecutive period of 12 months.

By Varusha Moodaley 21 Jul 2015 12:11

After seeing red, PJ Powers back in the pink after ASA ruling

Well-known musician and recovering alcoholic, PJ Powers, was left seeing red recently following a print ad by supermarket giant, SPAR, which used her name without her consent...

By Kelly Thompson & Dineo Modibedi 20 Jul 2015 15:51

Unpacking tax changes to income protection policies rules

As of the latest tax year (starting 1 March 2015), companies are still struggling to come to grips with the consequences of the changes to the rules in respect of premiums paid to income protection policies...

By Rob Cooper 17 Jul 2015 13:51

Authors urge US antitrust probe of Amazon

SAN FRANCISCO, USA: Authors and booksellers are urging US antitrust officials to investigate whether online retail titan Amazon is abusing its considerable power to the detriment of readers, following a similar move in Europe...

15 Jul 2015 09:55

Cell C declared the alpha dog

Cell C has come out on top following a ruling by the Advertising Standards Authority (ASA) that its advertisement, which depicts a man having his leg repeatedly mounted by a dog...

By Kelly Thompson 14 Jul 2015 12:58

Competition Commission initiates market inquiry into retail grocery sector

On 12 May 2015, Economic Development Minister Ebrahim Patel announced that the Competition Commission would conduct a market inquiry into the retail grocery sector in terms of s43B of the Competition Act, No 89 of 1998 (Act).

13 Jul 2015 06:55

Competition Commission approves steel merger with conditions

On 11 June 2015, the Competition Commission conditionally approved an intermediate merger between Hebei Iron and Steel Group Co. Limited (Hebei) and Duferno International Trading Holding SA (Duferno)...

By Naasha Loopoo 13 Jul 2015 06:27

NRC refers Lewis Stores and Monarch Insurance to National Consumer Tribunal

The National Credit Regulator (NCR) has referred Lewis Stores and Monarch Insurance to the National Consumer Tribunal for alleged breaches of the National Credit Act by misselling employment and disability cover...

By Linda Ensor 9 Jul 2015 15:15

Debt reduction by way of set-off

The South African Revenue Service (SARS) published Binding Private Ruling No. 193 (BPR 193) on 15 June 2015, which deals with the repayment of a shareholder loan by way of set-off with an outstanding loan under a subscription agreement...

By Bilal Bhamjee and Mareli Treurnicht 9 Jul 2015 12:56

Your legal cover checklist

What to consider when shopping around for legal cover...

29 Jun 2015 15:46

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