March 2018

Wills and Estates: Cost of Dying Rises with Master’s Fees Increase

If you are inheriting from someone who passed away on or after 1 January 2018, don’t blame the estate’s executor for one substantially-increased cost you may notice – Master’s Office fees. They are calculated on the value of the deceased estate and were long overdue for an increase, going up sharply from the old maximum …

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Can You Still Sell As Is? CPA v The Voetstoots Clause

Both sellers and buyers (of anything – houses, cars, you name it) need to understand how the CPA (Consumer Protection Act) has impacted on the very common “voetstoots” (“as is”) clause. Firstly, what’s the difference between “patent” and “latent” defects? Before we get into the meat of this question, let’s understand two important terms – …

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Make Sure You Have a Shareholders’ Agreement

A well-known attorney recently said he is constantly surprised by the number of shareholder disputes that could be quickly resolved if there was a shareholder agreement. The importance of shareholder agreements Human nature is fickle and a few years after starting a company on a handshake, things can quickly unravel. That’s why shareholders should apply …

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You and Budget 2018: It Could Have Been Worse!

What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as predicted and expenditure was inexorably increasing. The forecasted spending ceiling was breached and the …

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