Tag ArchivesNicolene Schoeman – Louw

So, you owe the taxman?! For how long can you be held liable?

Introduction One of life’s few certainties is the payment of taxes. Bearing that in mind, we should ensure that we never find ourselves in a predicament to have an outstanding account with the taxman in the first place, which of course, is sound advice. In cases of liquidation, we know that the South African Revenue […]

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Privacy Policy

Proposed Amendments to FICA – How will this impact you and me? A Commercial Lawyer’s perspective….

Introduction The Financial Intelligence Centre Act 38 of 2001 (hereinafter referred to as “FICA” or the “Act”) was legislated primarily to combat various unlawful activities, such as money laundering and other unlawful transactions. Essentially, FICA imposes an obligation on all Accountable Institutions to verify the identity/origin of the funds of persons they are entering into […]

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Pregnant Employees

The ICT BBBEE Code – What you need to know!

Introduction The Minister of Trade and Industry gazetted the Information and Communication Technology’s (“ICT”) Sector Code for black economic empowerment (“BEE”) in terms of Section 9(1) of the Broad-Based Black Economic Empowerment (“BBBEE”) Act 53 of 2003 as amended, on 6 June 2012. At  this stage, this ICT Sector Code (“Code”) is legally binding on entities in the […]

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BBBEE Compliance in Multinationals

Introduction In April 2015, the revised Broad-Based Black Economic Empowerment (“Generic BBBEE Codes” or “Codes”) Codes came into operation (“new codes”) thereby replacing the existing BBBEE Codes of Good Practice (“old codes”). Since the change, compliance has become particularly challenging for most local operations. Even more so, in the case of foreign operations, who have […]

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BBBEE Compliance: The Construction Sector Code – What you need to know

Introduction In October 2013, the revised Broad-Based Black Economic Empowerment (“Generic BBBEE Codes” or “Codes”) Codes were gazetted by the Minister of Trade and Industry (DTI). In April 2015 these (new) Codes came into operation (“new codes”) thereby replacing the existing BBBEE Codes of Good Practice (“old codes”). The Construction Codes became effective about a […]

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