Our team acts for a leading South Africa-based financial advisory services company
Our team acts for a leading South Africa-based financial advisory services company
Our team acts for a leading South Africa-based financial advisory services company in opposing a class action suit launched against several respondents who represent classes of shareholders in a defunct manufacturing and retail group.
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A sensible outcome: SARS’ ruling regarding special trusts
While the provisions in the Income Tax Act 58 of 1962 (ITA) that apply to ordinary trusts are often the subject of disputes in the Tax Court or of binding private rulings issued by the South African Revenue Service (SARS), the same cannot be said for special trusts. We briefly discussed the ITA’s dispensation applicable to special trusts in our Tax and Exchange Control Alert of 18 January 2019 and explained that it may apply in instances where a person is unable to look after their own affairs and where the special trust is then created for the benefit of such person.
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A matter of review and the High Court’s jurisdiction in tax disputes: Will the ConCourt have the final say?
In our Tax and Exchange Control Alert of 20 April 2023, we discussed the approach followed by the Supreme Court of Appeal (SCA) regarding the High Court’s jurisdiction to review the South African Revenue Service’s (SARS) decisions made in respect of assessments.
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The Kenyan High Court delivers a judgment on the Social Health Insurance Act, 2023 and the related acts
The Social Health Insurance Act, 2023, the Primary Health Care Act, 2023 and the Digital Health Act, 2023 (the acts) were enacted to realise the right to the highest attainable standard of healthcare services. Implementation of the acts aims to ensure that every person resident in Kenya has health insurance, has access to primary healthcare, and has their medical data keptsafe.
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For the love of the game: Tax planning and compliance considerations for the South African sports and entertainment industries
South Africa’s sports teams, sportspeople, and entertainers have made the country proud over the last few months for their exploits on the international stage. In November 2023, the Springboks became the first team to win the Rugby World Cup four times. The South African cricket team made it to the semi-finals of the ICC Cricket World Cup where they narrowly lost to Australia, and Bafana Bafana made it to the semi-finals of the 2023 Africa Cup of Nations tournament for the first time in more than 20 years. On the individual front, Dricus du Plessis became the first South African to hold an Ultimate Fighting Championship belt, and a few days ago, Tyla won the Grammy for the Best African Music Performance, with artist Musa Keys also having been nominated in that category. Kgothatso Montjane also won the women’s wheelchair doubles titles at the French Open and US Open in 2023 and made it to the women’s wheelchair singles final atWimbledon.
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