Category Archives: 2010

THE 2010 BUDGET – HOW WILL IT AFFECT YOU by Andre Kruger

1. PERSONAL INCOME TAX The 2010 National Budget proposal, the first for Finance Minister Pravin Gordon, introduced certain changes which will amount to tax relief for individuals which is expected to result in a saving for the tax paying public of approximately R6.5bn Tax Rate for Individuals 2011 2010 TAXABLE INCOME: RATE OF TAX TAXABLE… Continue Reading

PROVIDING HOUSING TO EMPLOYEES – BEWARE OF UNINTENDED CONSEQUENCES by Danie Pretorius

It is not uncommon in South Africa to find that employers provide housing for its employees, particularly where they conduct business in remote or less populated areas. Usually the occupation of such premises are regulated by employers in a housing policy, which allows the employees a certain amount of grace after their employment has terminated… Continue Reading

HOMEOWNERS – WINDOW OF OPPORTUNITY? by Michael Bloom

Recent tax legislation has again allowed the opportunity for persons wishing to take advantage of the primary residence allowance for Capital Gains Tax (CGT) purposes which is presently R1,500,000.00 (one million five hundred thousand rands). If your residence is owned by a company, close corporation or a trust, the residence may be transferred into your… Continue Reading

LABOUR BROKERS – HUMAN TRAFFICKING OR MEANINGFUL EMPLOYMENT? QUO VADIS by Ari Soldatos

When the provisions of Section 198 of the Labour Relations Act (“the LRA”) were enacted during November 1996 many employers noted with some interest the potential consequences and, in many instances, benefits in recruiting the services of labour brokers. A labour broker, loosely defined, is a person who for reward procures for or provides to… Continue Reading

TRANSFER OF OWNERSHIP MAY BE VALID EVEN THOUGH THE UNDERLYING SALE AGREEMENT IS INVALID by Fatima Rodrigues

In a recent Supreme Court of Appeal decision in the case of Legator McKenna Inc and another v Shea and Others (2009)1 ALL SA 45 (SCA) (“the McKenna case”), the Court of Appeal held that the transfer of ownership of an immovable property had passed even though the underlying sale agreement was invalid. THE FACTS… Continue Reading

VEHICLE OWNERS BE WARNED by Jerome Levitz

In terms of Section 17(5) of the Administrative Adjudication of Road Traffic Offences Act No 46 of 1998 (“the Act”) it is a criminal offence and you may be liable upon conviction to a fine and/or imprisonment for a period not exceeding 1 year if you are the owner or operator of a motor vehicle… Continue Reading