“… the difficulty experienced by bodies corporate in collecting arrear levies is not a novel one. It is part of a ‘socio-economic problem’” (extract from judgment below) Levy collections are the life blood of sectional title schemes, and collecting them is likely to get harder with the economic fallout from our downgrade to junk status....Read More
“Diligence is the mother of good fortune” (Miguel de Cervantes) Another warning to do your homework before you buy or develop property comes from a recent High Court decision to set aside a municipality’s approval of building plans. FROM SEA-VIEW BALCONIES TO WALLED-IN COURTYARDS A 17-storey inner city building incorporated residential apartments on its higher floors, the...Read More
“Diligence is the mother of good fortune” (Miguel de Cervantes) Another warning to do your homework before you buy or develop property comes from a recent High Court decision to set aside a municipality’s approval of building plans. FROM SEA-VIEW BALCONIES TO WALLED-IN COURTYARDS A 17-storey inner city building incorporated residential apartments on its higher floors, the...Read More
“Good name in man and woman … is the immediate jewel of their souls. Who steals my purse steals trash … but he that filches from me my good name robs me of that which not enriches him, and makes me poor indeed” (Shakespeare) Our laws of defamation are there to help you protect your good name...Read More
The big news is that trusts are now taxed at 45%, up 4% in line with the new top marginal rate for individuals on taxable income in excess of R1.5 million. The good news is that the company tax rate remains unchanged at 28% – further reason to take advantage of the company tax rate...Read More
The big news is that trusts are now taxed at 45%, up 4% in line with the new top marginal rate for individuals on taxable income in excess of R1.5 million. The good news is that the company tax rate remains unchanged at 28% – further reason to take advantage of the company tax rate...Read More
“Nuisance usually involves repeated infringement of the Plaintiff’s property rights. An objective weighing up of the interests of the various parties, taking into account all the relevant circumstances is required in these matters” (from judgment below) If the dog-next-door’s incessant barking is destroying your quality of life, read on. A recent High Court case illustrates...Read More
The restructuring of a company in financial distress may be an attractive option to many a business facing tight times. The Companies Act 2008, at Chapter 6, formally introduced the global concept of “business rescue” to South Africa. The aim, to rehabilitate ailing companies by providing a temporary suspension of claimants’ rights against the company...Read More
The restructuring of a company in financial distress may be an attractive option to many a business facing tight times. The Companies Act 2008, at Chapter 6, formally introduced the global concept of “business rescue” to South Africa. The aim, to rehabilitate ailing companies by providing a temporary suspension of claimants’ rights against the company...Read More
“My best entrepreneurial advice is to start” (Dave Morin, entrepreneur, angel investor, CEO and co-founder of social network Path) In our last article in the series “Choosing the right legal entity for your business” we looked at the partnership option. Let’s move on to the private company option, where your business is owned and operated,...Read More
