ConCourt judgment in Capitec vs SARS clarifies important VAT principles
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Author: Moonstone Information Refinery
Third contempt application against RAF CEO amid legal battles over unpaid claims
The chairperson of the RAF board and the fund’s chief executive recently faced legal action for failing to accept delivery of documents pertaining to a claim for compensation.
Director fined R500 000 for rendering unlicensed financial services
The FSCA found that Shoayb Joosub offered financial services to about 270 Sukuk clients through Anglorand Islamic without being authorised as a representative.
SCA confirms the conditions for a suspensive condition to be waived
A property seller loses an appeal to retain a R1m deposit – the purchaser had not validly waived his rights to a suspensive condition.
Constitutional Court may decide dispute between Sygnia and former employee
Lesedi Kelatwang alleges his advocacy of BEE and transformation played a role in his dismissal.
Another state entity hit by ransomware attackers
The International Trade Administration Commission explains why it delayed notifying the public of the attack for almost four months.
Why business insurance must be reviewed and updated regularly
The financial fall-out from a policy that is not up to date only becomes clear when a claim is submitted, and it is repudiated or not paid out in full.
Man defrauds Santam while in prison for defrauding Mutual and Federal
Oudtshoorn Regional Court sentences husband to 26 years’ imprisonment and his wife and accomplice to 7 years for a ‘well-planned scheme’.
Indiberries & Co goes to ground after FSCA warning
The “investment platform” claims to offer investment opportunities in berry farming ventures while promising returns of up to 45% a month.
Amendments proposed to clarify attachment of living annuities and trust assets
The South African Law Reform Commission releases its final report containing recommendations on changes to the Maintenance Act.
Discovery reports surge in chronic diseases, urges annual check-ups
Discovery Health Medical Scheme reports that the rate of annual health checks exceeded pre-Covid levels in 2023.
South Africa eyes stricter reporting laws for cross-border cash movements
Once the draft amendments to the Money Laundering and Terrorist Financing Control Regulations are enacted, failure to submit the required Cash Conveyance Report could lead to imprisonment for up to 15 years or fines of up to R100 million.
Reana Steyn appointed to lead new National Financial Ombud scheme
The role of the NFO is to aid financial customers to obtain redress for alleged unfair treatment by financial product or service providers.
Education is key to improving your job prospects amid rising unemployment
Upskilling makes it more likely that you will land a job and advance your career. Here is what you should consider when choosing where to study online.
Biggest institutional fund managers in South Africa
Alexforbes’ Manager Watch provides key insights into the country’s asset management landscape.
Why insurance should be factored into the cost of buying a car
Maxing out your budget on car repayments without considering the cost of insurance may result in an unexpected financial shortfall every month.
Working from home isn’t going anywhere anytime soon, research finds
Flexible working is still one of the top motivators for job seekers, as more people seek a better work-life balance.
