by VDT Attorneys | May 10, 2023 | Beneficial Ownership
Beneficial ownership register The Amendment Act requires that the South African Companies and Intellectual Property Commission (“CIPC”) must establish and implement what is to be known as a beneficial ownership register aimed at identifying the ultimate owner(s) of a...
by VDT Attorneys | May 4, 2023 | Accountable Institution, Anti-money Laundering Amendment Act, FICA, Trust
“Accountable Institutions” are defined in the Financial Intelligence Centre Act 38 of 2001 (“FIC Act”) and essentially refer to entities that are responsible in terms of the FIC Act to conduct what is colloquially known as ‘FICA’ on their clients. Although an...
by VDT Attorneys | Apr 24, 2023 | Earnings threshold, Minimum Wage
The Minister of Employment and Labour promulgated two significant changes to the earnings of employees that took effect from 1 March 2023 through the increase of the national minimum wage by 9,62% and the increase to the earnings threshold from R224 080.48 to R241...
by VDT Attorneys | Apr 24, 2023 | Development, Sectional Title, Sectional Title Scheme
Sectional title schemes continue to be hugely popular in South Africa with more and more South Africans electing to move away from conventional standalone properties in exchange for the benefit of, among others, increased security, convenience and affordability that...
by VDT Attorneys | Apr 24, 2023 | Child Injury, Sport
An answer to this question is however not straightforward as any liability would have to follow a delictual claim whereby it is proven that the injury was due to the negligence of another. To succeed, any claimant would have to prove all five elements of a delict,...
