Monthly Archives: January 2015

Shareholder resolutions – Be careful of the round robin!

Shareholders ultimately carry the most power in a company. Decisions are carried out via shareholders’ resolutions and it is important that these resolutions are correctly done. The Companies Act (“the Act”) specifically addresses the issue of resolutions. It also allows … Continue reading

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Merging tax profiles will reduce your admin time

In a commendable effort to reduce the cost of doing business particularly in small and medium sized entities (SMEs), SARS recently introduced a single registration process whereby a taxpayer now only needs to register once to be able to register … Continue reading

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SARS – Latest tax stats looking good

Generally, we are looking good in international terms:     South Africa’s total tax rate is 29% versus a global tax rate of 41%.     South African companies average 7 tax payments per year versus a global average of … Continue reading

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Inequality in South Africa: An alternative narrative

We are often warned that inequality in South Africa will, if not addressed, result in our own “Arab Spring”. We all agree that the country needs to redistribute income to the poorer communities. Generally, we hear negative sentiments about inequality. … Continue reading

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