Search for:
Celebrate your year-end event at Cape Grace
Celebrate your year-end event at Cape Grace

Spring has arrived in Cape Town, which signals that year-end is fast approaching.

Issued by Cape Grace 1 day ago

Treasury to amend foreign tax plan
Treasury to amend foreign tax plan

The Treasury has agreed to significantly amend its proposal to repeal the 183-day tax exemption on income earned abroad by retaining the exemption and introducing a R1m ceiling on what can be claimed under it.

1 day ago

Lawsuit accuses Google of paying women less than men
Lawsuit accuses Google of paying women less than men

SAN FRANCISCO, US: A trio of former Google employees filed a lawsuit accusing the technology giant of paying women less than men for the same work.

1 day ago

Audit firm rotation gets the nod
Audit firm rotation gets the nod

Parliament's finance committee is not convinced that the introduction of mandatory audit firm rotation will advance transformation of the accounting profession as claimed, but has decided to support the Independent Regulatory Board for Auditors' (Irba's) decision on the basis that the case for it is stronger than the case against it.

15 Sep 2017

Mosebenzi Zwane, minister of mineral resources
Zwane won't implement new charter

The minister of mineral resources has undertaken, in writing, not to implement the reviewed Mining Charter until judgment has been handed down in the Chamber of Mines' review application of the legislation.

15 Sep 2017

What you need to know about occupational rent
What you need to know about occupational rent

Whether you are a buyer or a seller, it is vital that you are familiar with the terms and conditions stipulated in the property sales agreement.

By Adrian Goslett 15 Sep 2017

Admission of debt extends prescriptive period
Admission of debt extends prescriptive period

A recent ruling in Western Cape High Court is creating new opportunities to extend the time creditors have to claim money that is owed to them by debtors. Known as ‘extinctive prescription', the three-year period is enforced from the day that the debt becomes legally due. A creditor would need to deliver a summons and pursue the money that is owed in court. If the creditor fails to do this within three years, then the debt would fall away.

14 Sep 2017

Asimina via
Beef supplier and juice maker agree not to compete - in contravention of competition law

Two companies - a beef supplier and a juice maker - have been referred by the Competition Commission to the Commission Tribunal after it was found they signed agreements not to compete with each other, in contravention of the competition law.

By Penwell Dlamini 14 Sep 2017

Public protectors were out of line
Public protectors were out of line

Just as the public protector overstepped her powers with recommending that the Reserve Bank's mandate must be changed, she also overstepped her mandate in ordering the president to institute a judicial commission of inquiry into state capture, President Jacob Zuma argued on Tuesday, 12 September 2017.

By Claudi Mailovich 13 Sep 2017

Refusal to accept retracted resignations does not constitute dismissal
Refusal to accept retracted resignations does not constitute dismissal

The Commission for Conciliation, Mediation and Arbitration (CCMA) has ruled that that the withdrawal of resignation cannot have any effect unless the employer consents to such withdrawal. The enforcement of the resignation is therefore not an unfair dismissal and applicants have no claim as a result.

By Andre Van Heerden and Jacques van Wyk 13 Sep 2017

Opacity over construction pact is risky
Opacity over construction pact is risky

There has been no full public disclosure by the Department of Economic Development and seven JSE-listed construction and engineering groups over their signing of a voluntary transformation agreement.

By Mark Allix 13 Sep 2017

Constitutional Court rules municipal debt does not survive property transfer
Constitutional Court rules municipal debt does not survive property transfer

The Constitutional Court has ruled that historical municipal debt (meaning municipal debt attaching to a property which is older than two years at the date of application for a rates clearance certificate) does not ‘survive' transfer, meaning that the purchaser or another successor in title cannot be held liable for debt by the municipality in any way whatsoever after transfer.

By Chantelle Gladwin-Wood and Anja van Wijk 12 Sep 2017

Silent participation, passive attendance constitute contravention of Competition Act
Silent participation, passive attendance constitute contravention of Competition Act

The Competition Appeal Court has concluded that there is a duty to speak or to report to authorities or publicly distance oneself from any uncompetitive behaviour and that silent participation or passive attendance constitutes a contravention of the Competition Act. Silent or passive participants have a duty to report such proceedings.

By Rishal Bipraj 12 Sep 2017