The much anticipated budget speech delivered this afternoon by Finance Minister Godongwana, contained the following highlights: The transfer duty tables will change on 1 March 2023. The entry amount of paying transfer duty is increased to R1 100 000 and
Read MoreTRUSTEE DUTIES BECOME MORE INVOLVED General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 2022 The legislative frenzy over the past few months to put systems in place to improve South Africa’s anti money laundering efforts is known to
Read MoreAs you are aware, many changes to the FIC Act are being implemented in South Africa’s efforts not to be grey-listed. New regulations regarding reporting obligations in respect of international fund transfers in excess of R19 999 become operative today.
Read MoreTRUSTEE RESOLUTION FOR LOAN CONSTITUTES OSTENSIBLE AUTHORITY DESPITE REQUIRED NUMBER OF TRUSTEES NOT APPOINTED Nedbank Limited v Mhlari N O and Others (37766/2018) [2022] ZAGPJHC 719; 2022 (6) SA 438 (GJ) (22 September 2022) Practitioners dealing with trust transactions will
Read MoreLEVIES FOR BALCONY MAINTENANCE: WHOSE RESPONSIBILITY? Baxter v Ocean View Body Corporate and Others (A170/2022) [2022] ZAWCHC 234 (16 November 2022) We know that in sectional title schemes the trustees raise levies to apply towards, amongst other things, the maintenance
Read MoreIn terms of regulations issued under the National Energy Act, non-residential building owners and their state counterparts (the ‘Accounting Officers’ in government departments) must publicly display an energy performance certificate at their building entrances on or before 7 December 2022. What is
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