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

Heinrich Louw
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
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
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
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
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
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 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

© Dmitriy Shironosov – 123RF.com
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

© Maksym-Yemelyanov – za.fotolia.com
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
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

© iQoncept – za.fotolia.com
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
Your legal cover checklist

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

29 Jun 2015 15:46

How to make your trade mark
How to make your trade mark

In a shrinking globally competitive market a trade mark can be the single most valuable asset of a company. An extremely important feature of a trade mark is that it must have the ability to distinguish the relevant goods...

By Burton Meyer and Nicole Meyer 24 Jun 2015 14:14

High Court to hear application to intervene in medical aid regulation case
High Court to hear application to intervene in medical aid regulation case

In September 2014, Genesis Medical Scheme launched an application against the Minister of Health, asking the Western Cape High Court to review and set aside regulations that provide for the Prescribed Minimum Benefits (PMBs)...

22 Jun 2015 19:16

Retail sector probe welcome, says Massmart
Retail sector probe welcome, says Massmart

Massmart has welcomed the Competition Commission's market inquiry into the retail sector but says it will continue pursuing its own legal proceedings against anti-competitive exclusive lease agreements held by large grocers...

17 Jun 2015 08:15

[Source Africa 2015] Africa en vogue
[Source Africa 2015] Africa en vogue

Africa is certainly the next big thing when it comes to trading partners for the US, and the recent reauthorisation of the African Growth and Opportunity Act (AGOA) for another 10 years has just made it even hotter...

By Nicci Botha 11 Jun 2015 08:15

© 123RF.com
Final guidelines for determination of administrative penalties published

The Competition Commission has published the final Guidelines for Determination of Administrative Penalties for Prohibited Practices...

By Leana Engelbrecht 8 Jun 2015 11:53

Competition Tribunal approves Ethos and Nampak merger
Competition Tribunal approves Ethos and Nampak merger

On 1 April 2015 the Competition Tribunal approved a merger in which Ethos Private Equity Fund VI acquired control over the Nampak Corrugated and Nampak Tissue business divisions of Nampak Limited...

By Kitso Tlhabanelo 5 Jun 2015 09:42

Judgment clarifies needletime royalties
Judgment clarifies needletime royalties

You wait ages for a reported judgment concerning 'needletime' royalties pursuant to section 9A of the Copyright Act, and then two come along at approximately the same time...

By Professor Sadulla Karjiker 4 Jun 2015 13:25

© peshkova – za.fotolia.com
Comair's application to set aside SAA bail-out is dismissed

Pretoria High Court Judge Hans Fabricius on Monday, 1 June, dismissed Comair's application to set aside the government's bail-outs of SAA...

By Andiswa Maqutu 2 Jun 2015 10:43

© Vince Clements – 123RF.com
South Africa's bold move on salt gets off to a shaky start

South Africa has been a trailblazer on the continent in the global battle to reduce salt intake through food. But three years after the bold food policy was first introduced in South Africa - and less than a year until it finally becomes law - the country has still not set up programmes to monitor how effective the legislation will be...

By Karen Charlton and Alta Schutte 2 Jun 2015 08:55

© Andriy Popov – 123RF.com
Payment guarantees the life blood of commerce

In the past, our courts have called payment guarantees issued by banks in commercial deals 'the life blood of commerce' which should not lightly be subjected to judicial interference...

By Brigit Rubinstein 28 May 2015 06:27

© epitavi – za.fotolia.com
SCA judgment brings end to interpretations of 'binding offer'

On 20 May 2015, the Supreme Court of Appeal (SCA) delivered judgment in the matter of African Banking Corporation of Botswana v Kariba Furniture Manufacturers & others, dealing decisively with (among other things) the proper interpretation of the words 'binding offer' as they appear in s153 of the Companies Act...

By Grant Ford and Lucinde Rhoodie 28 May 2015 06:20

© bahrialtay – za.fotolia.com
Possible removal of rebate evokes criticism

With effect from 1 January 2012, the South African government introduced s6quin of the Income Tax Act, No 58 of 1962, which provides for a rebate in respect of foreign taxes paid by a South African resident for services rendered within South Africa...

By Mareli Treurnicht and Heinrich Louw 27 May 2015 12:49

© 123RF.com
Provisions in Act can defer payment of CGT

If a person disposes of an asset during the current tax year, but only becomes entitled to payment in future tax years, the Income Tax Act, 1962 provides that the amount is deemed to have accrued to that person during the current tax year...

By Graeme Palmer 25 May 2015 06:49

© akz – 123RF.com
Competition Commission to investigate retail sector

The Competition Commission will soon be publishing its terms of reference to launch a market inquiry into parts of the retail sector...

By Ahmore Burger-Smidt and Kriska-Leila Goolabjith 22 May 2015 11:44

© 123RF.com
Who is obliged to report a reportable arrangement?

The list of reportable arrangements was extended by the South African Revenue Service in a notice (SARS Notice) published on 16 March 2015 in terms of s35(2) and s36(4) of the Tax Administration Act, No 28 of 2011 (TAA)...

By Ben Strauss 14 May 2015 13:12

© Sommai Larkjit – 123RF.com
Tax laws are not in line with growth in digital economy

Charles de Wet, head of Indirect Tax, PwC Africa, says South Africa's tax laws have not kept pace with the growth of the digital economy and changes in the way in which business is conducted...

14 May 2015 11:01

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