Tag Archivescommercial law

Voluntary Associations and Non-Profit Companies-what are the differences?

Introduction What is the difference between a Non-Profit Company and a Voluntary Association? This article will explore what is formally required for both, and when may  one be more suitable than the other. While both are not for profit entities, and at face value may appear extremely similar, there are several key distinctions. Overview Section […]

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The Digital Age – Contracting and Debt Collection

The concept that digital contracts are negotiated and concluded over multiple platforms across the globe has moved from a futuristic idea to reality. The use of Conference calling, Skype, email, fax, Dropbox, Facebook, WhatsApp, SMS and printable webpages and other telecommunication platforms are used to interface and conclude digital contacts in the 21st Century, but […]

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South African Commercial law: Venture capital companies in terms of section 12 – an introduction

One of the main challenges to the growth of small and medium-sized businesses is access to finance. To assist, South African Commercial law has evolved and Government has implemented a tax incentive for Investors in these enterprises through a venture capital company (“VCC”) regime. From 1 January 2009, in terms of Section 12J of the Income […]

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Amended Alternative Dispute Resolution Regulations in the Electronic and Transactions Act

The Minister of Telecommunications and Postal Services has, with effect from earlier this month, on 10 November 2017, officially amended the regulations in respect of Alternative Dispute Resolution (ADR) in the Electronic Communications and Transactions Act No. 25 of 2002, as amended (hereinafter the “ECT Act”). These amendments have been substantially influenced by the United […]

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Financial Intelligence Centre Amendment Act – Key Amendments To Look Out For (Part 2)

The FICA Amendment Act No 2 of 2017 (“the Act”), published in the Government Gazette on 2 May 2017, strengthens the provisions of FICA by introducing a risk-based approach to customer due diligence, among other things. In this article, we will deal in short with the sections that relate to customer due diligence measures. Customer […]

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