June 2023

Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

It’s easy to fall for a ponzi or pyramid scheme. Victims around the world include people from every demographic and walk of life, from captains of industry to desperate pensioners to “Joe and Mary Average”. The fraudsters are skilled at painting a picture of legality, genuine and sustainable business models, security of investment, and huge […]

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New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties

The new duties most recently imposed on trustees not only involve substantially more administration than ever before, but also entail impossible deadlines and hefty penalties. These additional duties arise from legislative changes following South Africa’s grey listing by the global financial watchdog, the Financial Action Task Force, as well as new requirements from SARS. As

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