by VDT Attorneys | Apr 10, 2025 | Accountable Institutions, AML, Anti-Money Laundering, Anti-money Laundering Amendment Act, Grey listing, Trust
The new developments include QR codes on all new Letters of Authority issued by the Master’s Office. While it may seem like a minor change, it is a big step forward in ensuring the authenticity and validity of all Letters of Authority. The QR code will allow banks,...
by VDT Attorneys | Mar 31, 2025 | Divorce, Divorce Settlement, Property transfers, Transfer Duty
In the Chief Registrar’s Circular No.6 of 2024, the Chief Registrar suspended the Registrar’s Conference Resolution RCR 9/2024 which had initially determined that the date of divorce was the transaction date for purposes of transfer duty. However, the Transfer Duty...
by VDT Attorneys | Mar 31, 2025 | Business Rescue, Business rescue plan, Post-commencement creditor
In the Mashwayi case, Arnot Opco (Pty) Ltd (“Arnot”) entered business rescue at the instance of one of its creditors Wescoal Mining (Pty) Ltd (“Wescoal Mining”). A meeting of creditors was held to adopt a business rescue plan which afforded pre- and post- commencement...
by VDT Attorneys | Mar 31, 2025 | Cell phone in the workplace, Dismissal, Health & Safety
In the recent Labour Court judgment of Mostert v Overberg Agri-Bedrywe (Pty) Ltd (C113/2022) [2025] ZALCCT 4 (20 January 2025), the Court had to consider whether the dismissal of an employee for failing to comply with safety rules by using his cell phone while...
by VDT Attorneys | Feb 27, 2025 | Designated employer, Employment Equity, Employment Equity Act, Numerical Targets
Prior to the amendments, designated employers included employers who employ fewer than 50 employees but with a total annual turnover that is equal to or above the applicable annual turnover of a small business in terms of Schedule 4 of the EEA. This meant that...
