What Does Being a Trustee of a Body Corporate Entail? (Part 1)
When all the trustees of a body corporate resign, the options available to the owners include the appointment of: a) replacement trustees at a special general meeting. b) an executive managing agent at a special general meeting or approaching the Community Schemes Ombud service to do so. c) appointment of an administrator by way of […]
How to Register Your Business in South Africa: A Step-by-Step Guide
Registering a business in South Africa is essential to ensure your company operates legally and complies with local regulations. The process can be straightforward if you follow the proper steps. Here’s a guide to help you through the registration process. Step 1: Choose Your Business Structure The first decision you’ll need to make is the […]
Get paid on time: Five tips for business owners
Small businesses can master the skill of getting paid on time here’s how. For small and medium businesses, getting paid on time is one of the biggest administration headaches. After all, when customers don’t pay on time, cash flow takes a knock and you need to borrow money to pay suppliers and service providers. Let’s […]
Cryptocurrency trading in South Africa: Exchange Controls and emerging challenges
The untold story of Exchange Control Regulations. Cryptocurrency traders in South Africa have focused on understanding the tax implications of their transactions relative to the Income Tax Act. This has proved challenging, as SARS has merely stated that “the normal rules apply” without providing authoritative guidance concerning the various cryptocurrency-related transactions, and when profits are […]
Navigating the complexities of business partnership after a partner’s demise
The sudden loss of a business partner can introduce significant complexities and challenges, not only personally, but also in the realm of managing business affairs and accessing crucial financial resources. This can be especially daunting for 60-plussers who have been in business with a partner for years and who may suddenly have to navigate the […]
Estate planning: Preparing for the digital afterlife
The emergence of digital ghosts on social media Social media platforms have become integral to our daily lives, but what happens to these digital profiles when a user passes away? Research by Carl J. Öhman, a doctoral candidate at the Oxford Internet Institute, sheds light on this evolving issue. Öhman’s study, titled “Are the Dead […]
The financial costs and benefits of solar power
The shift towards renewable energy in South Africa has seen a significant rise in the adoption of solar power. While the benefits of solar energy, such as sustainability and long-term cost savings, are well-known, it’s important to also consider the hidden costs and challenges associated with solar power systems. This balanced analysis aims to provide […]
The requirements for a registered office of a company
One aspect that is often not considered in great detail during the formation and registration of a juristic person in South Africa is its registered office, also often referred to as its registered address. Parties often opt to use a convenient location as a company’s registered address and do not give it sufficient consideration when […]
Governance trends for 2023—is your board ready?
The Institute of Directors in South Africa (IoDSA) lays out five key trends for boards and directors to focus on in 2023. Boards need to begin planning their agendas for 2023 to ensure that they are on top of these trends—and that their members have the requisite skills to fulfil their duties. Short-sightedness is one […]
How to make professional connections remotely – and why it matters
On paper, networking is a relatively simple task. Mingle with like-minded professionals while sipping wine and you greatly increase your chances of landing a coveted role, or building your dream career. Pre-COVID, gearing up for a networking event, you would probably have walked into a venue, thinking, “Smile. Remember your elevator pitch. If all else […]
