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notarial bond

Using a Notarial Bond to provide security for the repayment of money lent and advanced

Securing credit is a very sensitive subject as most South Africans have fallen into the trap of loaning money to a friend, family members, a colleague or a business partner with the promise of receiving the full amount plus interest back, in no time. However, the real world is not that simple, and it is […]

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What makes you the owner of shares?

Often a company’s shareholding is not clear to a layman and even though you might be in possession of a share certificate, you might not necessarily be the valid owner of any shares. What a misconception to be held under. These types of situations arise especially in the BBBEE spectrum where someone is made to […]

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Season’s Greetings

The holiday season provides a valuable opportunity for rest, reflection and rejuvenation. Notably 2017 has been one of the most challenging years for many of us. For others though, it has been the best year yet. Be that as it may, this year has in our view, more than any other; been a year of […]

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Caution for Trustees buying Trust property

Often individuals are appointed as the Trustee of a trusted friend or family member’s family Trust. Should, for example, the Trust’s founder pass away and the surviving spouse or the founder’s children wish to sell the Trust assets and dissolve the Trust, may the Trustee be in a position legally to acquire any of this […]

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BBBEE Fronting Practices – Recent Clarification

According to the Department of Trade and Industry (“DTI”), fronting means a deliberate circumvention or attempted circumvention of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, as amended, (the “Act”) and the Codes. The Act introduced the definition of “fronting”, a concept which had previously been based on the common law criminal concept of […]

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