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 | 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 | May 8, 2017 | Business, Company, Contract, Corporate
This is not a straightforward question to answer. Assuming there are no contractual restrictions prohibiting you and ignoring aspects of unlawful competition, the question boils down to whether your fiduciary duty as a director of your current company, prohibits you...
by VDT Attorneys | May 8, 2017 | BEE, Business, Company, Construction
You are correct. The Revised Construction Sector BEE Codes (“Revised Codes”) do make provision for small construction companies to qualify for exempt BEE status, but subject to certain rules which must be understood in order to qualify for the exemption. It should be...
by VDT Attorneys | Apr 18, 2017 | Company, Information
An important part of our values has been to prioritise the ‘client’ within the firm through a management focus on customer satisfaction. Furthermore, we provide specialised legal services in a way that is expertly managed by professionals that are highly regarded in...
by VDT Attorneys | Apr 5, 2017 | BEE, Company, Construction
The draft Construction BEE Charter (“Construction Charter”) was published for public comment in October 2016 with publication of the final version expected soon. The draft Construction Charter makes it clear that construction material suppliers will now have to be...
