While General Average events do not occur very often, the sums involved when such an event does occur are generally very significant.Â
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South Africa: Blockchain will free international trade from the paper weighing it down
Blockchain was originally developed to create Bitcoin in 2009, but its applications go far beyond cryptocurrencies.
Continue readingSouth Africa: New tax measures to curb abuse of mining rehabilitation funds are a missed opportunity
NEMA places the responsibility for remediating environmental damage or pollution arising from mining operations on mining companies.
Continue readingSouth Africa: The National Environmental Management Act – 2017 amendments to the Environmental Impact Assessment Regulations
NEMA requires that an environmental authorisation is obtained before activities, which have been listed in terms of NEMA, are commenced with.
Continue readingSouth Africa: Overly zealous closure of share buyback ‘loophole’
South African companies disposing of shares may feel the pain of overly zealous tax proposals released on 19 July 2017.Â
Continue readingSouth Africa: Checking SARS’ conduct and obligations when auditing taxpayers
SA taxpayers and companies have been alerted to expect more tax audits as a result of the increase in the SARS 2017/18 revenue budget.
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