The POPI Act

The Protection of Personal Information Bill, which will soon become law and is commonly referred to as POPI, seeks to regulate the processing of personal information. It must be read with other relevant statutes such as: 1. Electronic Communications and Transactions Act 25 of 2002 (‘ECT’) 2. Promotion of Access to Information Act 2 of 2002 (‘PAIA’) 3. Regulation of […]

Minutes of board meetings

Board meetings and the decisions made during these meetings may be determining for the effective functioning of a company. Clients are therefore reminded of the legal requirements relating to board meetings as stipulated in Article 73(6), (7) and (8) of the Companies Act 71 of 2008, which should be strictly adhered to. The Act requires a company to keep minutes […]

Donations

Whether you are thinking of helping your son financially to enable him to purchase his first property or donating money towards a worthy cause, there are some things to keep in mind. A donation is defined in the Income Tax Act No 58 of 1962 as “any gratuitous disposal of property including any gratuitous waiver or renunciation of a right.” […]