News & Articles
Mergers and Acquisitions or ‘M&As’ have become integral components of South Africa’s corporate landscape and play a crucial role in economic growth and development. In this article, we explore the legal framework and key considerations surrounding M&A transactions in South Africa by looking at the regulatory environment, competition law, due diligence, tax, and transaction structuring that accompanies M&A transactions.
South Africa: AI and data privacy regulations – the complexities of AI technologies and processingpersonal information
There have been radical developments in various artificial intelligence (AI) models, with ChatGPT being the most prominent. ChatGPT serves as a language-based AI chatbot that uses a set of techniques referred to as deep learning that has continuous learning capabilities. As a result of these revolutionary AI developments, businesses have acknowledged the valuable insights that AI platforms can provide. It facilitates the generation of contracts, marketing content, CVs, articles, essays, and much more. It does so by gathering and processing data sourced from the internet, encompassing large sets of data derived from books, articles, and other online resources. PR de Wet and Jako Fourie, from VDT Attorneys Inc., examine the impact of POPIA on AI developments, with a specific focus on the processing of data by automated means through AI.
Since the inception of the Protection of Personal Information Act, 4 of 2013 (POPIA), the Information Regulator has achieved some significant milestones in terms of POPIA and the Promotion of Access to Information Act, 2 of 2000 (PAIA). In this Insight Article, PR de Wet and Mishka Cassim, analyze the milestones accomplished in 2022 and the expectations for 2023.
In today’s current digital space, safeguarding privacy and ensuring that your business is compliant with the various cyber laws and data privacy regulations is crucial to ensure that business operations are well protected. In this article, PR de Wet and Mishka Cassim, seek to address some of the most important issues companies face and need to consider on a global scale when addressing privacy concerns.
The aim of this article is to provide prospective and current homeowners with some insight into mortgage bonds, different types of bonds recognised in South Africa and addressing frequently asked questions relating to mortgage bonds.
Landowners and the public should take heed of fire danger ratings as this may help anticipate potential veld fires (wildfires).
Most employers will be forgiven if they claim not to have heard of the Employment Services Act 4 of 2014 (“Act”). This legislation is certainly not as well-known as the Labour Relations Act, the Basic Conditions of Employment Act or even the Employment Equity Act. Yet, with major amendments proposed to the Employment Services Act in particular in respect of the employment of foreign nationals in South Africa, employers that make use of such employment should take note of the proposed amendments.
With tax return season upon us, trustees should note additional requirements for filing tax returns with the South African Revenue Services (“SARS”).
When assisting clients with estate planning and discussing the tax considerations applicable to their estate upon their death, an often misunderstood and unplanned for consequence following a death is capital gains tax (“CGT”). In this article, we take a closer look at some of the considerations that come into play with respect to CGT and how regular review of your estate plan is important to ensure that the latest tax considerations have been incorporated into your estate plan.
In this article, we provide an important update to trustees and company directors on the latest developments in respect of the newly introduced beneficial ownership reporting for trusts and companies as introduced by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 (“Amendment Act”) which came into full effect on 1 April 2023 and affects all trusts and companies in South Africa.
A question often asked by the heirs of a deceased when faced with the prospect of estate duty, is what exclusions are allowed in terms of the Estate Duty Act 45 of 1955. In this article, we highlight some of the main exclusions from estate duty.
As South Africa seeks to embrace renewable energy and reduce its carbon footprint, solar power has emerged as a promising and environmentally conscious solution. Beyond the environmental benefits, installing solar panels on residential and commercial properties can also provide financial advantages. In addition to long-term savings on electricity bills, there are several tax benefits available to individuals and businesses who opt for solar energy. In this article we explore the various tax incentives associated with renewable energy installations in South Africa, specifically for companies (or business trusts and sole proprietors), highlighting their potential to promote sustainability while offering economic benefits.
The prospect of uprooting your family and emigrating to another country probably ranks as one of the most difficult and stressful decisions any person will face during their lifetime. There are so many aspects to consider and planning to be done. Generally, the emphasis is on the emigration process itself and adjusting planning and structuring to best suit the requirements and challenges presented by the new country soon to be called home.
Boundary walls between neighbouring properties are key to defining property lines and ensuring the privacy and security of your property. Yet, boundary walls often also form the basis of heated disputes between neighbours, particularly when not done correctly. In this article, we highlight some of the main aspects to be considered when building or modifying a boundary wall.
Law often requires a balancing of two different competing rights, requiring our courts to take a view based on law or the relevant facts to decide which right trumps which. In a recent High Court case the court had to consider in the circumstances of the case whether our common law right or rei vindicatio which allows an owner to recover possession of his asset trumps the common law lien or legal claim against an asset held as security for a debt.