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Business Rescue – A Life Buoy For Companies
A company may find itself in financial distressfor a specific reasonor it could be because of an exceptional chain of events, yet the possibility exists that it can still overcome the financial distress in time with cautious planning and careful actions from management. A company is financially distressed if it appears to be reasonably unlikely [...]
Directors’ Liabilities – A Different Dimension
The personal liability of South African directors is not only a much conversed subject but also an important one. The new Companies Act No. 71 of 2008(“The Act”) has a significant impact on directors’ liability. By accepting the appointment as a director, you agree in principle to carry out your duties as a director according [...]
The New Dividends Tax Replaces Secondary Tax On Companies
The new Dividends Tax replaced The Secondary Tax on Companies (STC) with effect from 1 April 2012. Dividend Tax is a tax on shareholders when they receive dividend distributions from companies and it applies to any dividend declared and paid on or after 1 April 2012. Dividend Tax is categorized as a withholding tax as [...]
