Articles

New Amendments to the National Credit Act

In November 2017, the Draft National Credit Amendment Bill, 2018 was published by The Portfolio Committee on Trade and Industry, along with the Bill’s explanatory memorandum. Promulgation is expected soon which will effectively make the Bill law.

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Land expropriation without compensation

The issue of land in South Africa is known to be a sensitive topic.

In recent years there have been many changes and talks of land reformation and expropriation of land.

In February 2018 a motion was successfully passed by the National assembly with regards to the expropriation of land without compensation, which aims at amending s25 of the Constitution.

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You are what you “like”, “share” or “retweet”

In South Africa the use of smart phones and social media is ever increasing with a record 16 million Facebook users, 8 million Twitter users and almost 4 million Instagram registered across the country. As technology evolves, so should our social media laws. At present there isn’t one specific law which governs the use of social media in South Africa. The absence of these specific social media laws makes it difficult for people to identify the parameters within which they can operate in a social media environment.

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Work visas in South Africa: What companies need to know

The Immigration Amendment Act, 13 of 2011 as well as the revised Immigration Regulations (“the Regulations”) has introduced numerous amendments to immigration laws. This article, however, does not constitute a list of all the amendments but will focus on the four main work visa categories which include: the intra- company transfer work visa; the corporate visa; the critical skills work visa; and general work visa.

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What does the VAT increase mean for you?

The 1st of April 2018 saw the introduction of the new 15% VAT rate. Government has projected an estimated R22.9 Billion increase in revenue as a result of the increase, with the hope of mitigating its impact through an increase in social grant entitlements and zero-rated items.

But what are the implications of VAT during the transitional period? Can 14% still be applicable and under what circumstances?

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VAT INCREASE: 1 APRIL 2018

NOTICE TO ALL CLIENTS

The Minister of Finance announced an increase in Value Added Tax (VAT) from 14% to 15% effective from the 1st of April 2018.

Our services are subject to VAT and, therefore, the VAT increase will apply.

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2017 PROPERTY RATES INCREASES

Property owners in the Metro are still coming to grips with the recent General Valuation Roll (2017) released by the Nelson Mandela Bay Municipality (NMBM).

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CYBERCRIMES & CYBERSECURITY BILL

A brutal reality of the world today is the developing worldwide risk (and industry) of cybercrime. Our reality rotates around data innovation and it is our reliance subsequently which is focused by digital crooks.

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Wills Estates

Get your FREE Will and Testament this Will’s Week 11-15 September.
Email tvabaza@blclaw.co.za to book your consultation.

The only way to ensure that your post-death wishes are given effect to and that people you deem unworthy do not inherit from your estate is to draw a valid Will before your demise. If you do not have a valid Last Will & Testament, your nett estate will be distributed in terms of the Intestate Succession Act 81 of 1987.

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