Trustees’ duties and powers
All the powers of a trustee are ‘fiduciary’, which means that they must be exercised as follows: in the best interests of all the beneficiaries; only for the benefit of the beneficiaries and not for third parties; not for the trustees’ benefit, unless specifically authorised; and not to defeat the terms of the trust, but […]
The Economy and the Property Market in 2019
There is no doubt that 2018 was a very challenging year for both the economy and the property market. As 2019 is in full swing, you can’t help but wonder what challenges this year will hold for both the economy and the property market. In 2018, it was mainly business as usual, however, it is […]
Electronic signing of documentation
The commercial world is currently moving to greater levels of digitisation. Organisations are implementing automated and electronic solutions in an effort to improve efficiency and better the environmental footprint at the same time. The move to digitisation and electronic signatures prompted questions surrounding the legality of these documents. This article aims to highlight certain legal […]
New “expat tax” law amendment
National Treasury and the SARS officials on Wednesday 6th March 2019 confirmed that it is going ahead with its plans to implement an ‘expat tax’ amendment to the South African Income Tax Act by 1st March 2020. Currently the South African Income Tax Act states that, South Africans working abroad for more than 183 days […]