With Group firms spending in excess of R270 million on BEE and transformation during 2016 and 2017, this Group Transformation Report for the periods 2016 and 2017, confirms the substantial progress being made across the Group in advancing transformation and shows how the Group sets the standard for transformation in the legal industry.
Please click on the link above to view the Group Transformation Report for 2016/17.
If you own property in a sectional title, there is an important new rulebook that affects how your community must operate, particularly with issuing fines. The Community Schemes Ombud Service (CSOS) has issued its Consolidated Practice Directive 1 of 2025 (Directive), and it will change the way residents experience communal living.
As the year draws to a close, and South Africans prepare for a well-deserved December break, business owners would be forgiven for not thinking about what could happen to their businesses were something unexpected to happen while they are on holiday. Whether a family business, professional practice, or a private company, the truth is that your business and the people who depend on you need more than just a good operations manual. They need you to have a plan for situations just like these. If you’re in that position, read on as we outline the areas that deserve your attention.
Employee share schemes are often introduced to reward, retain, or align employees with long-term business growth. However, under section 8C of the Income Tax Act 58 of 1962 (the “Income Tax Act”), these arrangements can create significant and unexpected tax liabilities for employees when equity instruments vest. This article explains how section 8C operates, what qualifies as an “equity instrument,” and why careful structuring of share schemes is essential to avoid punitive tax outcomes.