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Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Shareholder agreements, as the backbone of shareholder relationships, form a vital part of any company’s potential for stability, success and profitability. But what happens if your shareholder agreement conflicts with your company’s MOI (Memorandum of Incorporation)? Worse still, what if either of them are at variance with the Company’s Act? Which of the three takes …

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Youth Employment Tax Incentive Extended for Ten Years

Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally. Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for ten …

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Your Last Will: The Dire Consequences of Neglecting Formalities

Your “Last Will and Testament” could be the most important document you will ever sign because it’s the only safe way to ensure that your loved ones are properly provided for after you are gone. It’s essential therefore to put in place a will that complies with South African law. We’ll discuss the formalities required …

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How Tax Returns Will Be Easier This Year, and Should You File if You Earn Under R500,000?

The dreaded Tax Season is once more upon us, and you’ve probably picked up news of the increased R500,000 personal income tax threshold to replace the previous one of R350,000. What does that mean for you in practice and what are the limitations and provisos applicable? Be careful here – even if you qualify for …

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