by VDT Attorneys | Sep 7, 2017 | Business, Information, Personal, POPI
The Protection of Personal Information Act 4 of 2013 (“POPI”), which has been signed into law, but has not yet come fully into effect, protects our rights to privacy by setting conditions and requirements for the processing of ‘personal information’, which is any...
by VDT Attorneys | Aug 9, 2017 | Business, Business Rescue
In difficult economic times, many companies are having to come to terms with making tough financial decisions. Filing for liquidation, has in the past been a route considered by many companies. The Companies Act 71 of 2008 (“Companies Act”), introduced another...
by VDT Attorneys | Jun 9, 2017 | Business, Commercial, Company, FICA
The Financial Intelligence Centre Act 38 of 2001 (“FICA”) was introduced in South Africa to govern financial intelligence and to assist in the combatting of financial crime. The recent Amendment Act to FICA is intended to enhance and modernise our South African...
by VDT Attorneys | Jun 9, 2017 | BEE, Business, Consumer
The amended Forestry Sector BEE Code (“Amended Forestry Code”) has been gazetted and is in force without a transition period. This means that all enterprises in this sector will immediately upon their next BEE rating be required to meet the requirements of the Amended...
by VDT Attorneys | Jun 9, 2017 | Business, Commercial, Company, Construction, Damages, Property, Tax
When your property company sold the property to the potential buyer, your company became liable, in terms of the Income Tax Act to pay the income tax calculated on the gain you made by reason of the sale in accordance with the following formula: Proceeds from the...
by VDT Attorneys | Jun 9, 2017 | Alcohol, Business, Dispute resolution, Liquor
To operate a micro-brewery where you manufacture liquor (at or below the threshold volume as prescribed by legislation) and sell it for retail purposes, it requires that you obtain a micro-brewery or micro-manufacturing liquor licence. In the Free State, the Free...
