The Supreme Court of Appeal (SCA) has provided important guidance on the scope of the South African Revenue Service’s (SARS) powers when applying the general anti-avoidance rule (GAAR), particularly regarding whether the tax authority may change the factual basis of a GAAR assessment after it has been issued.
The case ...
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By Legalbrief Today
Former Proteas cricketer Albie Morkel must pay R3.3m to the liquidators of an insolvent company. This is the money he made from an investment of just R350 000 with IPG Properties. City Press reports that the ‘investment company’ was, however, a Ponzi scheme and has been ...
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By Legalbrief Today
The number of people dipping into their retirement savings has increased drastically since 1 March, compared to last year. According to a Netwerk24 report, pension funds administrator Alexforbes said they received 140 000 withdrawal instructions in the first week of the new financial year. This is compared ...
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By Lee Rossini
In many financial advice businesses, a growing risk is emerging: an aging adviser workforce with too few young professionals entering the pipeline. In firms where most advisers are approaching retirement and junior talent is scarce, the long-term sustainability of the business is under pressure.
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