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It’s a really exciting time, buying a house, particularly if it’s your first! Don’t forget, however, that you will have to pay a variety of costs over and above the purchase price. What are those costs and when must you pay them? Do they impact your ability to afford the house you have your eye...
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The rewards of company directorship come with a caution: the duties and responsibilities imposed on you by the Companies Act need constant management. Drop the ball on that and you could face some seriously negative consequences. We’ll discuss one of those risks – the career-threatening risk of being declared a “delinquent” director – in the...
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Unpaid levies can leave body corporates out of pocket and out of patience. When conventional debt recovery feels too slow, sequestration may seem like the obvious next step. But a recent High Court judgment is a reminder that sequestration is not a debt-collection shortcut. The court refused an application by a body corporate that had...
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Your will must always lie at the heart of your estate planning. But don’t concentrate solely on the financial wellbeing of your family after you are gone. The personal legacy you leave them is also important. It focuses on your family’s values, history and heritage, supporting your heirs in living their lives to the fullest...
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The National Minimum Wage (NMW) for each “ordinary hour worked” has been increased from 1 March 2026 by 5% from R28,79 per hour to R30,23 per hour. Domestic workers: Assuming a work month of 22 days x 8 hours per day, R30,23 per hour equates to R241,84 per day or R5320,48 per month. Of course,...
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Buying and selling a house is probably one of the most important financial transactions you will ever be involved in. Not to mention the emotional aspect of acquiring or letting go of your “home sweet home”. This is why it’s vital to choose the right conveyancer. Case in point, a recent court battle which saw...
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You buy a second-hand vehicle and finance it through a bank. When you realise the vehicle is a complete lemon, you cancel the sale and return the vehicle. But the bank still wants its monthly instalments. We have good news for you. The Supreme Court of Appeal has just held that a bank in that...
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Phew! No major tax increases are planned, and taxpayers will benefit from zero “bracket creep” across a range of taxes. While property sellers and buyers will be disappointed that transfer duty thresholds have not increased, there’s reason to get very excited about the 50% increase in the primary residence CGT exclusion from R2m to R3m....
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  If a dispute with your neighbour spirals out of control, and legal intervention becomes inevitable, bear in mind that our courts have signalled strongly that we should make every effort to settle our disputes privately before resorting to litigation. A High Court’s recent criticism of all the parties to a parking dispute was that...
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Valentine’s Day isn’t just a great excuse to indulge in ruinously expensive red roses, cards and heart-shaped chocolates. It’s also a reminder that if you’re in a cohabitation arrangement, there will be financial implications – making it essential to check that your relationship’s legal aspects pass muster. Particularly when you start acquiring high-value assets jointly,...
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