Nolands conferences for 2019 have come and gone in a flurry and excitement and activity.
There is no shortage of expert opinions as to why Thomas Cook last month came to the end of its 178 year long journey.
The Minister of Finance, Mr Tito Mboweni, is calling on members of the public to make comments on a paper titled: “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”.
Unlike conventional trusts, which are taxed at a flat rate of tax, a special trust is taxed on the same sliding scale applicable to natural persons. For tax purposes the following types of special trusts are recognised:
Many may think that they are not old enough or wealthy enough to warrant doing any estate planning. However, if a person is over the age of eighteen, no matter how small their estate is, it is advisable to begin the process. Where an estate planner is “at” in life, will determine your strategic plan for your estate, and which techniques to use in order to implement in the plan. An estate planner may be single, married, divorced, or separated. You may have minor children or adult children. You may be married for a second or third time, with children from previous marriages. You may own assets with a strong growth potential.
Much has been publicised about the potential implementation of prescribed investments and resultant impact on investment returns. This policy was previously followed by the Nationalist Party but abolished in the late 1980’s.
The Nolands service offering has been significantly broadened by the establishment of its first law office, operating out of Chancery House, Port Louis, Mauritius.
This year, the Stock Exchange of Mauritius (SEM) is 30 years old, and like most really successful 30 year-olds, is now looking to new horizons to fulfil its ambitions. Having outgrown its island origins, the SEM is now exploring the potential of the African continent to continue its upward growth curve.
Setting up an Online Store
Did you receive an SMS from SARS showing your tax calculation?
The cabinet has finally approved the National Health Insurance (NHI) bill for tabling in parliament, minister in the presidency for planning, monitoring and evaluation Jackson Mthembu announced last Thursday.
In the current economic climate, more and more companies are becoming financially distressed. Directors are duty bound to constantly monitor the company’s financial position, to determine whether voluntary business rescue proceedings need to be initiated. Failure to implement business rescue proceedings could result in the director being charged with reckless trading and be exposed to personal liability. It is incumbent upon directors to ensure that they place their companies into either business rescue or liquidation, or to cease trading, when the warning signs become evident. Directors should be aware of the practicalities of business rescue, and the duties and powers of the business rescue practitioner.
TREVOR MANUEL ON THE STATE OF EDUCATION IN SOUTH AFRICA
There is something about island life that re-wires the brain in all the right ways. With Mauritius it’s even more so; with the laid back friendly vibe and the relaxed pace comes jaw dropping beauty around every corner and coastal cove. Little wonder it attracts more than 1.3 million tourists a year – more than its own population.
Three months after launching their key executive structure to the market, Nolands Capital have announced as non-executive Chairman one of South Africa’s most successful and revered businessmen, Ivan Clark.
In 2018 the Department of Trade and Industry published a Companies Amendment Bill for public comment. There are a number of proposed amendments that affect small and medium enterprises (SME’s) and we will briefly outline a few of the potential implications below:
This year taxpayers who meet ALL the following criteria need NOT submit a tax return:
South Africa's gross domestic product (GDP) growth rate decreased by 3,2% in the first quarter of 2019
Our economy continues to stagnate, and one can only hope that President Ramaphosa’s “new dawn” bears fruit sooner rather than later. Below are some key findings as released by Stats SA.
Take urgent action to combat climate change and its impact.
Studies both locally and internationally are consistent in the finding that only around 20% of businesses that go to market end up successfully getting sold.
There is one truth about change: It’s going to happen. Technology, consumer demand, globalization, competition, and the economy—all of these factors contribute to the need for every business to move with the times in order to survive. Companies that want to grow, have to change to remain viable and continue growing. That’s the very nature of growth—it brings about and demands change.
The outcome of the national elections is a clear indication that, while the ANC lost regional support, many voted in effect for Ramaphosa nationally. This gives the President the mandate he requires to put his reformist policies in place.
Recently released, the United Nations’ global assessment of environmental health is grim: biodiversity declining at an unprecedented rate, one million species at risk of extinction, human populations in jeopardy if the trajectory is not reversed.