The South African Revenue Service (Sars) has clarified the confusion surrounding customs requirements for traveller's returning to South Africa with personal valuables.
16 hours ago
Section 1 of the Income Tax Act (ITA) defines a "dividend" to be any amount transferred by a resident company for the benefit of any person in respect of any share in that company whether by way of a distribution or consideration for a share repurchase but does not exclude a reduction of contributed tax capital of the company.
Joon Chong, Webber Wentzel 17 hours ago
Africa Day is celebrated on 25 May 2018 and marks the formation of the African Union. Africa has seen a vast increase in investment and growth over the past 50 plus years and many companies have already mobilised to capture this emerging demand.
Vanessa Ferguson 23 hours ago
In South Africa, each institution is required to comply with its own industry-specific legislation, but that is changing with the implementation of Twin Peaks legislation. Currently, insurers, pension funds, collective investment schemes and other financial services providers are regulated by the Financial Services Board (FSB), whereas banks are regulated by the South African Reserve Bank (Sarb).
1 day ago
The work permit process can be time-consuming and even painful, depending on your permit categorisation. One question often asked is whether an expatriate should consider a Permanent Residency application sooner, effectively lifting the expatriate's status above the noise of normal work permit requirements. We found that there can be a significant upside; however, depending on the complexities, there may also be adverse consequences.
Marisa Jacobs 1 day ago
Cabinet has approved the amendment of the Criminal Procedure Act to allow the National Prosecuting Authority (NPA) to institute charges in sexual offence cases, even after 20 years of the crime having taken place.
1 day ago
National Police Commissioner, General Khehla Sitole, has welcomed the arrest of five suspects accused of stealing an estimated R4 million from companies rendering cash related services.
1 day ago
A parliamentary committee that is tasked with overseeing the Office of the Auditor-General has approved an amendment to legislation that will give the AG's office more teeth.
1 day ago
The Labour Court (LC) in Solidarity obo Oelofse v Armscor (SOC) Ltd and Others (21 February 2018) was tasked with reviewing a decision that the non-payment of a performance bonus was not an unfair labour practice, even though the employee exceeded the qualifying rating.
Lauren Salt and Thandoluhe Dladla 2 days ago
"The recent raids on businesses employing illegal foreign nationals in Cape Town underscores the Department of Labour's mission to ensure that employers comply with labour legislation as it relates to the employment of foreign nationals," says Advocate Tertius Wessels, legal director at Strata-G Labour Solutions.
2 days ago
Interested organisations and members of the public have been called to submit written comments on the Ikamva National e-Skills Institute (INESI) Bill, which seeks to address the shortage of e-skills in the country.
2 days ago
2018 is officially the year of privacy: The EU's General Data Protection Regulation (GDPR) will officially come into force on 25 May, followed by its local cousin, PoPIA in the second or third quarter of the year. You may be feeling this already - who hasn't received a flood of Privacy Policy and Data Protection Policy updates from around the world.
Elizabeth de Stadler 2 days ago
The Presidency says it has filed a notice to abide by the court's decision on the provision by the state of legal assistance to former president Jacob Zuma.
3 days ago
