VDMA Attorneys

21/05/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

Section 2 of the Companies Act No. 71 of 2008 (“Companies Act”) provides for the circumstances in which a person is considered to be related to another. Section 75 read with section 76 of the Companies Act further provides for the instances in which a director is obliged to disclose a personal f...

14/05/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

In September 2018 the Constitutional Court ruled that the private cultivation, possession and consumption of cannabis is legal. This ruling lead to great uncertainty from the South African public, especially regarding what is defined as ‘private’ and ‘personal’ use, which has now been answer...

14/05/2019

Asian investment into Africa is on the rise. We visited Tokyo, Japan to pass on our know to our foreign clients and colleagues. Contact us if you would like to know more about starting a business in South Africa.

09/05/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

An individual will be considered a resident in the Republic of South Africa (“South Africa”) for tax purposes if the individual can be considered an ordinary resident in terms of the common law or the physical presence test defined in terms of the Income Tax Act No. 58 of 1962 (“Income Tax Act...

15/04/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

Trusts are regulated by the Trust Property Control Act No. 57 of 1988 (“Trust Property Control Act”) and are defined as the arrangement through which the ownership in property of one person is, by virtue of a trust instrument, bequeathed: to the trustee to be administered or disposed of for the ...

25/03/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

In March 2020, an amendment to the South African Income Tax Act 58 of 1962 (“Income Tax Act”) will be made, this amendment will have an extremely negative impact on South African residents permanently or temporarily residing and earning an income in a country other than South Africa (“Expats.....

18/03/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

In 2018 we saw the release of the Financial Matters Amendment Bill (“FMAB”), and amongst the various proposed amendments of the FMAB, the amendments that had caught the eye of most people is the proposed amendments to the Banks Act No 94 of 1990 (“Banks Act”). As the Banks Act is currently w...

08/03/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

Carbon tax has been a topic of discussion and consultation for nearly 10 (ten) years. Draft carbon tax bills were introduced in 2015 and 2017. Negative feedback was received from the public as the carbon tax will result in the increase of living expenses and it will have a major impact on companies....

01/03/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

With the arrival of 2019, we saw the National Minimum Wage Act No. 9 of 2018 (“NMWA”) come into effect, which has not pleased those who are most affected by it. The NMWA states that the national minimum wage for each ordinary hour worked is R20. There are, however, the following exceptions to th...

21/02/2019

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

Section 51 of the Companies Act No. 71 of 2008 (“Companies Act”) determines the requirements for the registration and transfer of certificated securities. It is important to note that additional requirements must be complied with in order to transfer certificated shares to an entity that is not ...

10/12/2018

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

In the case of Nederburg Wines (Pty) Ltd v Nero & Others (“Nederburg Case”) Nederburg Wines Proprietary Limited (“Appellant”), the registered owner of Nederburg Estate (“Property”), appealed against the decision of the Land Claims Court (“LCC”) wherein an unopposed application for ev...

30/11/2018

New post has been published on Commercial and Corporate Attorneys in Johannesburg, VDMA

Everyone knows about or has heard about the principle Last in First Out (“LIFO Principle”) in the context of a dismissal in terms of section 189 of the Labour Relations Act No. 66 of 1995 (“LRA”) (“Retrenchment”). There is a misconception in the workplace, among unions and Commissioners ...