On 22 June 2020 President Ramaphosa announced that the majority of the remaining provisions of the Protection of Personal Information Act No. 04 of 2013 (“POPIA”) are set to commence. This announcement comes more than 6 years since the initial provisions of POPIA came into effect in April 2014. The reason for this delay is […]
At over 11 (eleven) years since the creation of Bitcoin, the world’s largest crypto currency by market capitalisation, many countries have implemented a policy position on crypto assets and/or enacted legislation in relation to the regulation of crypto assets. South Africa was no exception and in 2014 National Treasury issued a statement regarding the risks […]
Our Johannesburg office has relocated to Sandton and we are now situated on the 11th floor of the Leonardo on 75 Maude Street. This move has been fueled by our continued growth as a result of the loyalty and support of our valued clients. We look forward to welcoming you at our new offices.
South Africa will enter Level 3 lockdown with effect from 1 June 2020 (“Level 3 Lockdown”). During level 3 Lockdown all sectors of the economy will be opened, except for the following – personal care services which includes hairdressing, beauty treatments, make up and nail salons, piercing and tattoo parlours; consumption of food and alcohol […]
The Covid-19 outbreak has caused a surge in demand for basic goods such as food, hygiene products and personal protective equipment as well as medical services required for the detection, prevention and treatment of Covid-19. To reduce the negative economic impact of the Covid-19 outbreak on customers, measures have been put in place by the […]
South Africa will enter into Level 4 lockdown from 1 May 2020. During this lockdown period business are not allowed to simply open their doors and careful consideration should be given to the strict regulations and restrictions managing this level 4 lockdown (“Level 4 Lockdown”). During the Level 4 Lockdown, a person may only leave […]
Dear Clients, Please note that VDMA will be working remotely during the period of the lockdown as a result of the COVID-19 pandemic. We have put measures in place to ensure that our staff are fully equipped to work remotely and all our clients are welcome to contact our offices as per usual. All our […]
Introduction: The recent outbreak of the COVID-19 virus may be a concern for employers as companies may have contractual obligations such as the supply of products, completion of works or provision of services that must be completed within strict timelines. Employers must be aware of the onerous requirements that need to be met for the […]
Employees are often faced with the fear of retrenchment when a company is being sold or when a company embarks on a restructuring exercise. The Labour Relations Act No. 66 of 1995 (“LRA”) makes provision for such scenarios and provides employees with the necessary protection. Section 197 of the LRA states the following – If a transfer of a business takes place […]
Introduction: Section 155 (Personal liability of representative taxpayer) of the Tax Administration Act No. 28 of 2011 (“Tax Administration Act”) gives the South African Revenue Service (“SARS”) authority to hold the directors of a company (“Directors”) liable in their personal capacities for the tax debts of a Company with a tax debt due and payable to […]
Introduction: A commission-only employee is an employee who derives his or her entire income from commission on the work performed by such an employee (“Commission Only Employee”). Generally, Commission Only Employees may have flexible working times and the manner in which their work is performed may be left to the Commission Only Employee’s discretion. Purpose […]
Property agreements Make sure your ‘house’ is in order before signing an agreement. Despite the depressed property climate in South Africa, there seems to be an upswing in property market conditions, buoyed by more lenient lending criteria, lower house prices and steady interest rates. This is attractive to first-time buyers, and residential and commercial property […]