Low growth; tax revenue down; no relief from bracket creep; a bloated public service wage bill; billions in unpaid VAT refunds set to depress tax revenue even further. Not a happy message for a Minister of Finance to bring in his inaugural Budget Speech, but this is what he was stuck with, and to his […]
Minister Mboweni Doesn’t Sugar the Pill Read More »
Loans in terms of which the obligation for repayment of the outstanding amount only arises on receipt of a demand for repayment from the lender (“Demand Loans”) are frequently being used in South Africa as part of trust/company structures or business operations in general. A word of warning – Demand Loans may have become ticking timebombs for
Tick Tock for Demand Loans Read More »
Last year, Bitcoin and other cryptocurrencies sparked a modern gold rush spurred on by stories of individual investors making millions in a short period from their investment in Bitcoin. The desire to get rich quickly encouraged every man on the street to own a virtual wallet to buy cryptocurrencies and saw the advent of many
Cryptocurrency as an Investment: Classification Hurdles Read More »
In the wake of the Panama Papers and with growing instances of data breaches and identity theft, software developers need to show that they are taking privacy seriously. The proliferation of digitised-storage of data has moved global attention to the blockchain – the technology that underpins the cryptocurrency, Bitcoin. While the future of Bitcoin is
POPI Compliance: Can Personal Information be Stored on a Blockchain? Read More »
For 18% of the readers of this article, it will turn out to be the most important thing you read this year… While the claim in the subtitle is speculation and it remains to be seen how accurate I am with the percentile, it does give an indication of the gravity of this subject. The
The Blockchain – Part 1 Read More »
For most people blockchain technology is synonymous with bitcoin and often the mere mention of either results in a glazed expression and derision. After all, who can forget Silk Road? Well, if the latest media hype is anything to go by, blockchain technology is not just here to stay, it’s also the single biggest potential
To Blockchain or not to Blockchain Read More »
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath (1939) The banking and financial system is for many a monster that is not being controlled effectively. Ensuring that a financial system is adequately regulated is a fine
The Financial Sector Bill Peaks and the search for the Perfect Regulatory System Read More »
Economic Development Minister, Ebrahim Patel recently announced that the Competition Commission would commence a market inquiry into aspects of the South African retail sector. Particularly, it was indicated that the inquiry would amongst other things, focus on tenancy arrangements in shopping malls. This may have important implications for supermarket chains and property owners because parties
Anchor Tenant Market Inquiry Planned by Competition Commission Read More »
From 1 April 2012, Secondary Tax on Companies (“STC”) will be replaced by Dividends Tax, and regulated by sections 64D to 64N of the Income Tax Act 1962 (“the Act”). The South African Revenue Service has stated the reason for the change from STC to Dividends Tax as follows: “The name Secondary Tax on Companies
Dividends Tax: An Overview Read More »
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Ask our AI a question about this topic, and one of our specialist lawyers will review the response and email you within 24 hours, free of charge.
KAI is free for Caveat friends and clients. To use KAI, complete the form below and look out for the AI’s answer, reviewed by a specialist lawyer, in your inbox. For the most accurate and helpful response, be as specific and detailed as possible. Provide all relevant facts and clearly state what you’d like answered.
Disclaimer: Kai is provided by Caveat in a bona fide attempt to make legal services more accessible to you. Caveat will not be liable for any damage, loss or expense arising from the use of this offering.
Feedback Welcome: Your experience matters to us. Please share feedback on this offering at info@caveatlegal.com to help us improve its efficacy.
