Court probes 'unsecured credit' by Capfin
Court probes 'unsecured credit' by Capfin

Steinhoff International's troubles continue to mount. On Thursday, 15 February 2018, the Cape High Court began to interrogate the controversial lending practices of Capfin, which provided unsecured credit to customers of Pepkor and Ackermans.

By Ann Crotty 2 days ago

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Caxton and Independent Group fined for colluding on advertising prices

Newspaper publisher Caxton has been fined R5.8m and the Independent Group R2.2m for colluding on the prices they charged to advertisers, the Competition Commission said on Friday.

By Robert Laing 3 days ago

Hawks arrest two more people in connection with controversial Vrede dairy farm project
Hawks arrest two more people in connection with controversial Vrede dairy farm project

Five people have been arrested in connection with the investigations into the controversial Vrede Dairy Farm project.

By Nomahlubi Jordaan 15 Feb 2018

Exclusive Books CEO 'to defend name'
Exclusive Books CEO 'to defend name'

Exclusive Books CEO Benjamin Trisk says he plans to defend his "name and reputation", following his suspension by the business's board pending the outcome of a disciplinary inquiry.

By Hanna Ziady 15 Feb 2018

Could Zuma approach the Employment Tribunal?
Could Zuma approach the Employment Tribunal?

With Jacob Zuma finally announcing his resignation from the presidency following pressure from the ANC National Executive Committee to do so or face a motion of no confidence, the question arises on his possible legal remedies should he feel aggrieved at being compelled to vacate his office and official residence. Is it possible that our highest citizen could approach the employment tribunal to challenge the fairness of his departure?

By Johan Botes 15 Feb 2018

Pick n Pay Constantia. ©Lauren Hartzenberg
Tribunal kicks out Massmart's mall case

The Competition Tribunal has dismissed Massmart's complaint that Shoprite Checkers, Pick n Pay and Spar were taking part in anticompetitive behaviour through exclusive leases with shopping-mall landlords.

By Michelle Gumede 14 Feb 2018

Sarb to weigh up fintech and its impact on regulation
Sarb to weigh up fintech and its impact on regulation

The South African Reserve Bank (Sarb) has established a fintech programme to assess the impact of technology on the financial services sector, and its regulatory implications. The main goal is to track and analyse developments in the fintech space and to assist policymakers in formulating frameworks in response to these emerging innovations.

14 Feb 2018

Property developers will face cash flow pressure due to VAT on temporary rental of residential units
Property developers will face cash flow pressure due to VAT on temporary rental of residential units

The curtains have come down on section 18B of the Value-Added Tax Act, No. 89 of 1991 (VAT Act) and the resultant impact may catch a few residential property developers off-guard.

By Chetan Vanmali, Des Kruger and Andile Miya 13 Feb 2018

Sars to hold sugar tax roadshows in March
Sars to hold sugar tax roadshows in March

The South African Revenue Service (Sars) will engage industry stakeholders on the Sugary Beverages Levy.

13 Feb 2018

Can you restrain without a restraint?
Can you restrain without a restraint?

The Labour Court in South Africa recently considered whether an employer could restrain its former employees from commencing employment with its competitors, without having an agreed restraint of trade. The cases of Absa Insurance and Financial Advisors v Jonker and Another; and Absa Insurance and Financial Advisors v Jonker and Another (Case numbers C741/14, C742/17) were originally two separate cases against the married respondents, who were former financial advisors for Absa Insurance and Financial Advisors (AIFA), but they were consolidated due to the similarities in the facts of the cases.

By Motheo Mfikoe 13 Feb 2018

Tax break for voluntarily retrenched employees
Tax break for voluntarily retrenched employees

The South African Institute of Tax Professionals (Sait) recently made submissions to the South African Revenue Service (Sars) regarding the tax treatment of amounts received in consequence of voluntary retrenchments. Sait has received clarification that voluntary severance packages qualify as severance benefits.

By Joon Chong, Dhevarsha Ramjettan, Nivaani Moodley a 12 Feb 2018

Acsa trio face the chop following inquiry
Acsa trio face the chop following inquiry

Three employees at Airports Company SA (Acsa) face the axe after a disciplinary inquiry found them guilty of flouting supply chain rules and failing to obtain authorisation to participate in an Acsa empowerment scheme.

By Moyagabo Maake 12 Feb 2018

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The real reason why Gauteng doesn't want to pay up for #LifeEsidimeni

The Gauteng provincial government's resistance to paying constitutional damages to the families who lost their loved ones in the Life Esidimeni tragedy, may be tied to the fear of accepting greater responsibility.

By Nelisiwe Msomi 12 Feb 2018