Working remotely and drinking on the job

Compliance crackdown: Is your company at risk of being deregistered?

== Duty of a company to lodge a copy of the register of beneficial ownership with the Registrar Pursuant to section 93A of the Companies Act, Cap 486 (Companies Act), every company is required to keep a register of its beneficial owners. Consequently, all companies are required to lodge a copy of the register of beneficial ownership with the Registrar of Companies (Registrar).

Avoiding pitfalls: The impact of deemed donations on section 42 transactions

In the dynamic world of corporate taxation, section 42 of the Income Tax Act 58 of 1962 (ITA) stands as a beacon for persons looking to restructure without immediate tax consequences. This provision provides a mechanism for tax-neutral “ asset-for-share ” transactions in terms of which a person can transfer an asset to a resident company in exchange for shares in that company without immediate tax consequences, provided certain conditions are met.

Year-end work functions: Legal risks for employers to be aware of

Sashin Naidoo, an Associate in the Employment Law practice, joined Jeremy Maggs on Moneyweb to discuss "Year-end work functions: Legal risks for employers to be aware of."

The State’s energy champion: What the SANPC Bill is and where we are with it

On 14 October 2024 the Department of Mineral Resources and Energy (DMRE) (soon to be the Department of Mineral and Petroleum Resources) published an explanatory summary of the 2024 South African National Petroleum Company Bill (SANPC Bill) which confirms that the Minister of Mineral Resources and Energy intends to introduce the SANPC Bill in the National Assembly “ shortly ”.

Cabinet Secretary approval required before loan interest rate adjustments: Clarification by the Supreme Court

The Central Bank of Kenya (CBK) is reviewing its current risk-based credit pricing model. This model involves banks setting their lending rates based on the CBK’s base rate and a borrower’s risk profile, rather than applying a uniform interest rate. Borrowers with a higher risk profile get higher interest rates on their loans. This model has, however, led to some banks overcharging their clients and imposing additional fees that exceed the true underlying risk. As a result, CBK is proposing to introduce a new model where all loan interest rates will be tied to the Central Bank Rate plus a clear, bank-specific margin that will be published 30 days before any change.

Beyond the delay: Unpacking technical aspects of the 2025 Budget