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Mineworkers Provident Fund fails in prescription plea, pays 10% penalty

The complainant (name withheld to protect identity of a minor child) brought a complaint against the Mineworkers Provident Fund (respondent) over the non-payment of the death benefit, following the death of the respondent's member...

6 Jun 2017

#BestofBiz 2016: Legal

We've compiled our annual #BestofBiz 2016 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views. Discover the most read content on Bizcommunity's Legal portal over the past year below.

12 Dec 2016

Estate duty abatements need overhaul

In its second report on estate duty, the Davis Tax Committee makes recommendations regarding tax on estates and trusts, especially inter-spouse and primary abatements...

By Graeme Palmer 27 Sep 2016

Get your will drafted for free during National Wills Week

As has become tradition over the past few years, members of the public will be able to have a basic will drafted by an attorney, free of charge, during National Wills Week, held from 12 - 16 September 2016...

12 Sep 2016

Four common pitfalls to avoid when drafting a will

Your last will and testament is the only valid and legally enforceable instruction left behind to express the wishes and estate division guidelines of a deceased. To ensure that the remaining family members and beneficiaries are not left in a perilous situation and that the wishes of the deceased are honoured, it is essential to avoid common pitfalls at drafting stage...

20 Jul 2016

How many submissions can the Master hear when considering a creditor's claim?

In the recent case of Constantia Insurance Company Limited v Master of the High Court, Johannesburg, the High Court considered whether the provisions of the Insolvency Act, No 24 of 1936 permit the Master to consider liquidators' additional submissions in response to a creditor's substantiation of its claim...

By Thabile Fuhrmann and Vincent Manko 27 Jun 2016

Legal audits provide trustees with peace of mind

In an ever-evolving family trust landscape, complacency and inertia could spell disaster for the best-laid investment and estate planning strategy...

By Jan Dawid Luttig, fiduciary specialist 3 May 2016

Are trustees allowed to determine mode of payment to beneficiaries?

In the matter of Mahomed v Argus Provident Fund, the Pension Fund Adjudicator dealt with dissatisfaction with the allocation and distribution of a death benefit...

By Zaaheda Mayet 5 Apr 2016

Estate duty implications for non-resident investors

A new SARS Ruling, Binding Private Ruling 217 deals with the estate duty implications for non-resident individual investors - the key issue being how certain sections of the Estate Duty Act (EDA) would apply...

By Heinrich Louw 28 Jan 2016

Response to Davis Tax Committee report on Estate Duty

The First Interim Report on Estate Duty, released by the David Tax Committee in July 2015, called for industry comment. Andrew Moller, CEO of Citadel, made the following comments...

25 Nov 2015

International

Business mistakes too many law firms make

Being a really good attorney does not mean that you are a highly talented businessman or entrepreneur. This is something that is really important to understand since there is a pretty large number of law firms that end up bankrupt because of business related reasons, not because of problems caused by hired attorneys. With this in mind, here are some of the really common business mistakes that often appear with law firms and that can be disastrous in the long run.

By Boris Dzhingarov, Issued by Monetary Library 1 day ago

British American Tobacco facing Africa fraud probe

LONDON, UK - British American Tobacco is being investigated for possible fraud regarding company activities in Africa, it announced on Tuesday.

3 Aug 2017

Ex-Barclays CEO appears in court over fraud charges

LONDON, UK: Former Barclays chief executive John Varley appeared in a London court on Monday, 3 July 2017, over fraud accusations, the first time a boss of a global bank has faced charges arising from the 2008 financial crisis.

5 Jul 2017

EU states have right to ban Uber: top lawyer

LUXEMBOURG CITY, Luxembourg: EU member states can ban ride-hailing pioneer Uber without informing the European Commission because at heart it is an ordinary transport company under their jurisdiction, a top EU lawyer said Tuesday, 4 July 2017.

4 Jul 2017

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