by VDT Attorneys | May 15, 2018 | BEE, Business, Commercial, Construction
You are correct in that the B-BBEE Commission does require what is termed a “Major BEE Transaction” to be registered with it. Your first step would therefore be to determine whether your BEE transaction falls within the scope of a Major BEE Transaction. In accordance...
by VDT Attorneys | Jun 9, 2017 | Construction, Consumer, Conveyancing, Property
A “servitude” is a limited real right registered in the Deeds Office against the title deed of the property of a person in favour of another person or entity. The holder of the servitude (right) will therefore be entitled to exercise some right on the property of...
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 | 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 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...
by VDT Attorneys | Apr 5, 2017 | Construction
All buildings constructed in South Africa must comply with the National Building Regulations and Building Standards Act 103 of 1977 (the “Act”), together with all Regulations issued in terms thereof. Local authorities are also bound by the provisions of the Act, and...
