Taxing Times: What the post-Covid world means for taxes

Posted 18 June 2020

As we enter the post-Covid phase, governments will be forced to adopt pro-growth tax strategies while at the same time working feverishly to recover as much revenue as possible.

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It just got much harder to litigate consumers into bankruptcy

Posted 08 June 2020

After Western Cape High Court gave Standard Bank the boot. 

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A thundering defeat for government over lockdown regulations

Posted 02 June 2020

The Pretoria High Court on Tuesday 2 June 2020 delivered a thundering defeat to government over its "irrational" lockdown regulations, which should open the way for a rapid return to economic normality.

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Banks launch online application portals for Covid-19 SME loans

Posted 13 May 2020

The major banks this week launched their online portals providing loans to small and medium-sized businesses that may not be able to meet their financial obligations during the lockdown and when the economy reopens.

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You don’t qualify for bank assistance? Good, you’ve dodged a bullet

Posted 28 April 2020

The relief packages offered by banks could be the cause of untold legal cases in the months to come.

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30% of SA businesses cannot survive a one-month lockdown

Posted 24 April 2020

We now have a better sense of the impact the lockdown is having on the economy, and it’s not pretty.

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Guide for accountants during lockdown

Posted 23 April 2020

The SA Institute of Business Accountants (Saiba) has issued a guide to its members clarifying what services can be delivered during lockdown.

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Ramaphosa announces massive R500 billion coronavirus stimulus programme

Posted 21 April 2020

President Cyril Ramaphosa on Tuesday announced a R500 billion coronavirus stimulus package and sweeping structural reforms to get the economy back on track.

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Counting the economic cost of the lockdown

Posted 21 April 2020

As South Africa enters the fourth weekend of the Covid-19 lockdown, the economic and social consequences are now becoming more apparent. And it doesn't look good.

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Here are some alternative funding sources for cash-strapped businesses

Posted 16 April 2020

Fintech companies offering 90-minute loan approvals are seeing a spike in loan applications 

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Here's the Covid relief being offered by the commercial banks

Posted 01 April 2020

It's a bit of a damp squib really.

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Dept of Labour causing confusion over annual leave statement

Posted 30 March 2020

The Department of Labour is causing confusion over its statement that employers should not force employees to take their annual leave during the Covid-19 lockdown period.

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How one church is taking on the Coronavirus

Posted 29 March 2020

Here's a case where prayer alone won't cut it. Church of Scientology Volunteer Ministers are using the world's highest grade decontamination technology to wage war against the deadly virus.  

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South Africa’s coronavirus debt relief now live

Posted 24 March 2020

President Cyril Ramaphosa this week announced that SA is to go into a 21-day lockdown from 26 March 2020 in an effort to combat the spread of the Covid-19 virus. Here are some of the key support measures for businesses, employees and the poor:

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The great foreclosure rip off

Posted 16 March 2020

January’s interest rate cut has effectively wiped out all mortgage bond arrears, say consumer activists. But you won’t hear that from your bank.

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Court decision opens the way for consumers to recover billions in over-charges

Posted 17 December 2019

The Cape High Court on Friday delivered a damning judgment against credit providers for over-charging on legal fees and interest in contravention of the National Credit Act (NCA) which came into force in 2007.

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The days of banks suing you in the high court are over

Posted 03 December 2019

The banks from hereon must argue their cases in the much cheaper and more accessible magistrates' court. 

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Congratulations, your mortgage arrears have been extinguished

Posted 24 July 2019

Last week’s 0.25% per annum interest rate reduction extinguished the arrears on tens of thousands of mortgage bonds. That’s the claim being made by several property owners in cases before the courts involving multiple banks.

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How to save your house from bank repossession

Posted 04 June 2019

In this CFO Talks interview, Ciaran Ryan talks to consumer legal expert Leonard Benjamin about some surprisingly easy ways to stop your home being repossessed by the banks. Also discussed are illegal garnishee orders and how banks are routinely making "errors" when it comes to calculating mortgage bond arrears.

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Thousands of vehicles are being repossessed each year based on false figures

Posted 03 May 2019

Eight years ago debt counsellor Fanie Grové started looking at vehicle loan statements from his clients and was staggered by what he saw: in every one of more than 80 cases he examined where the borrower had fallen into arrears, he says the bank was unlawfully overcharging interest. 

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Standard Bank accused of ‘double dipping’ in home repo case

Posted 03 May 2019

In a case due to come before the Eastern Cape High Court this month, Standard Bank is accused of double charging the arrears amount owed by a mortgage client, resulting in a guest lodge being repossessed and sold at auction for a fraction of its market value.

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Claims of discrimination against black FNB customers heads to court

Posted 04 December 2018

More than 4 000 bank customers claim they were charged 30% more than whites on mortgage loans, and the case is now headed to the Equality Court.

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How to deal with debt collectors and "fake" debts

Posted 29 November 2018

Debt collectors are a pestilence and are expertly guided by smart lawyers to circumvent the law. Leonard Benjamin explains.

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The days of easy evictions are drawing to a close

Posted 19 November 2018

Following the lead recently set by the South Gauteng High Court, a full bench of the Cape High Court will decide this week whether to set reserve prices on repossessed homes.

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Major precedent set for communities affected by mining

Posted 29 October 2018

On Thursday, the Constitutional Court of South Africa ruled in favour of communities arguing for a bigger say in mining decisions.

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