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“Airbnb” Bill – what you need to know
24 June 2019 Real Estate

“Airbnb” Bill – what you need to know

The Department of Tourism has extended the deadline for comments on the so-called “Airbnb Bill”, formally the Draft Tourism Amendment Bill, to 15 July 2019. This follows months of speculation on whether the Bill may restrict and regulate short-term rentals, popularised by the likes of Airbnb, in South Africa.

Amendments to the B-BBEE Codes
24 June 2019 Black Economic Empowerment (BEE)

Amendments to the B-BBEE Codes

After nearly a year since the DTI proposed changes to certain aspects of the B-BBEE Codes, the final changes were published in the Government Gazette on 31 May 2019. These changes must be implemented within six (6) months from the date of publication. The changes are largely similar to those that had been proposed but also contain some positive differences.

Applications for new positions during a retrenchment – selection criteria or a measure to avoid retrenchment?
24 June 2019 Employment

Applications for new positions during a retrenchment – selection criteria or a measure to avoid retrenchment?

The latest case in determining fair and objective methods of selecting employees for dismissal during a retrenchment process has struck fear in the hearts of employers who plan on embarking on retrenchment processes. In Mweli and Nakedi v MTN Group Management Services (Pty) Ltd, the respondent dismissed two applicants following a restructuring process of its Group Business Risk Management division.

SARS issues binding class ruling regarding unbundling transaction
21 June 2019 Tax & Exchange Control

SARS issues binding class ruling regarding unbundling transaction

Section 46 of the Income Tax Act, No 58 of 1962 (Act) provides tax relief where a company (Unbundling Co) wishes to unbundle its shareholding in a subsidiary (Unbundled Co), to the company’s own shareholders. The Unbundling Co’s shareholders’ indirect shareholding in the Unbundled Co is converted to a direct shareholding, in proportion to their shareholding in the Unbundling Co.

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“Airbnb” Bill – what you need to know
24 June 2019 Real Estate

“Airbnb” Bill – what you need to know

The Department of Tourism has extended the deadline for comments on the so-called “Airbnb Bill”, formally the Draft Tourism Amendment Bill, to 15 July 2019. This follows months of speculation on whether the Bill may restrict and regulate short-term rentals, popularised by the likes of Airbnb, in South Africa.

Amendments to the B-BBEE Codes
24 June 2019 Black Economic Empowerment (BEE)

Amendments to the B-BBEE Codes

After nearly a year since the DTI proposed changes to certain aspects of the B-BBEE Codes, the final changes were published in the Government Gazette on 31 May 2019. These changes must be implemented within six (6) months from the date of publication. The changes are largely similar to those that had been proposed but also contain some positive differences.

Applications for new positions during a retrenchment – selection criteria or a measure to avoid retrenchment?
24 June 2019 Employment

Applications for new positions during a retrenchment – selection criteria or a measure to avoid retrenchment?

The latest case in determining fair and objective methods of selecting employees for dismissal during a retrenchment process has struck fear in the hearts of employers who plan on embarking on retrenchment processes. In Mweli and Nakedi v MTN Group Management Services (Pty) Ltd, the respondent dismissed two applicants following a restructuring process of its Group Business Risk Management division.

SARS issues binding class ruling regarding unbundling transaction
21 June 2019 Tax & Exchange Control

SARS issues binding class ruling regarding unbundling transaction

Section 46 of the Income Tax Act, No 58 of 1962 (Act) provides tax relief where a company (Unbundling Co) wishes to unbundle its shareholding in a subsidiary (Unbundled Co), to the company’s own shareholders. The Unbundling Co’s shareholders’ indirect shareholding in the Unbundled Co is converted to a direct shareholding, in proportion to their shareholding in the Unbundling Co.

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5 legal tips for start-ups
25 October 2018 Corporate & Commercial

5 legal tips for start-ups

Many highly successful start-ups are bedevilled by legal disputes, often between founders or funders, which could have been easily avoided. The story of McDonalds is one example. It was founded by brothers, Richard and Maurice McDonald, who were ultimately allegedly short-changed by Raymond Albert "Ray" Kroc, who joined the business after its establishment but took all the glory (and the money). How? Because they did not put legal agreements in place to regulate their partnership.

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Unemployment rate in South Africa
17 May 2019 Employment

Unemployment rate in South Africa

It was recently announced that South Africa's unemployment rate has increased to 27.6% in the first quarter of this year. Employment Director Hugo Pienaar joined eNews Channel Africa to discuss this.

Strategic Structuring – structuring African business to ensure maximum efficiency and minimal risk
20 March 2019 Corporate & Commercial

Strategic Structuring – structuring African business to ensure maximum efficiency and minimal risk

Deepa Vallabh, Corporate and Commercial Director & Head, Cross-Border M&A: Africa & Asia, participated in a webinar where she discussed "Strategic Structuring – structuring African business to ensure maximum efficiency and minimal risk". The Webinar provided an in-depth look at the investment structures that foreign investors can use to minimise risk and increase efficiency in their African investments.

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The proposed gambling tax draft legislation
21 June 2019 Tax & Exchange Control

The proposed gambling tax draft legislation

Louis Botha, Associate and Louise Kotze, Candidate Attorney in the Tax & Exchange Control practice, joined Classic FM to discuss the proposed gambling tax draft legislation that will be introduced during 2019, as announced in the 2019 Budget.

Samiksha Singh discusses probationary periods
18 June 2019 Employment

Samiksha Singh discusses probationary periods

Samiksha Singh, a Director in the Employment practice features on the Get up and go Breakfast Show on Cape Pulpit. She discusses probationary periods, and what employers need to do during this period.

Employees need to disclose their romantic relationships
10 June 2019 Employment

Employees need to disclose their romantic relationships

Anli Bezuidenhout, Senior Associate in the Employment practice joined the Lester Kiewit show on Cape Talk, to discuss romantic relationships in the workplace. She states that employees need to disclose their romantic relationships that were created in the workplace, so that the risks can be mitigated.