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Latest News

Temporary VAT relief coming to an end

The temporary relief provided to developers in Section 18B of the Value Added Tax Act, No 89 of 1991, will come to an end on 1 January 2015 when Section 18B will cease to apply.

HOUSES, COHABITATION, CO-OWNERSHIP, AND THE DANGER OF DISPUTE

"Communio est mater rixarum" (Roman law maxim meaning "Co-ownership is the mother of disputes") A recent High Court case highlights once again the dangers of cohabiting without entering into a formal cohabitation agreement, particularly when substantial assets are acquired jointly.

ARMED ROBBERY! SUING YOUR SECURITY COMPANY - THE FINAL CHAPTER

"South Africa is plagued by crime - often viciously violent, sometimes sophisticated and organised, often ridiculously random, but always audacious and contemptuous of the values we are supposed to believe in and the human rights enshrined in our Constitution..."

ACCELERATION CLAUSES: BORROWERS (AND LENDERS) BEWARE!

An "acceleration clause" in a loan agreement (where the loan is repayable in instalments) provides that if the borrower fails to pay any one instalment, the full amount of the loan becomes due and is immediately recoverable in full by the creditor. Inserting such a provision into a loan agreement is a sensible precaution for a lender to take - without it he could only sue for any overdue instalments, not for the full amount of the loan.

A ROGUE AGENT STEALS YOUR MONEY - IS THE BANK LIABLE?

You walk into an official bank agency to open up an investment account - can you take it for granted that the bank is accountable to you for your investment if the agent "goes rogue" and steals it?

THE POPI'S PROGRESS: SLOW, BUT THE CLOCK TICKS ON

POPI (the Protection of Personal Information Act) is now partially in effect, but only to the extent that the way is now cleared for the appointment of an Information Regulator and the promulgation of Regulations. That's certainly progress, but it's likely to be a while still before the main provisions of the Act come into effect - and even then, you will have at least a year to comply.

GDV ATTAINS LEVEL 1 BBBEE STATUS FOR THE 4TH YEAR RUNNING

The directors and staff of Goldberg & de Villiers are proud to announce that the firm has attained a BBBEE status of Level 1 Contributor for the 4th year running. Well done to the firm on its commitment to the transformation process!

CHEQUE PAYMENTS ALERT

IMPORTANT CHEQUE PAYMENTS ALERT

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