CIPC Steps Up Enforcement: Non-Compliance Now Comes with Public Exposure. The Companies and Intellectual Property Commission (CIPC) is strengthening its approach to statutory compliance, elevating what was often treated as an administrative task into a clear regulatory and reputational risk. CIPC has confirmed that it will publish the names of entities that [...]
How SMEs Can Incorporate Forest Bathing into Strategy Sessions. Small and medium-sized enterprises (SMEs) often face intense pressure to innovate and make decisions quickly. Yet, the traditional boardroom setting can stifle creativity and well-being. Enter forest bathing—a Japanese practice known as shinrin-yoku—which involves immersing oneself in a natural environment to reduce stress [...]
CIPC Automates Reinstatement Applications for Companies and Close Corporations. The Companies and Intellectual Property Commission (CIPC) has launched a fully digital process for reinstatement applications for companies and close corporations, marking a significant step toward modernising business services in South Africa. All applications to reinstate a deregistered entity using Form CoR 40.5 must [...]
SECOND PROVISIONAL TAX – 28 FEBRUARY 2025 DEADLINE. The second provisional tax return for the 2025 tax year, is due for submission to SARS by 28 February 2025. It is important to advise our tax department of any of the following which took place (or is to take place) in the 2025 [...]
Tax Implications of Withdrawing from Two-Pot Retirement System. Starting from 1 September 2024, individuals planning to withdraw from the savings pot of the Two-Pot Retirement System must be registered for tax. Unregistered individuals must complete their registration before applying to their relevant fund, as unregistered requests will be rejected by SARS. [...]
Beneficial Ownership. CIPC (Companies and Intellectual Property Commission) is an agency that regulates the registration and compliance of companies and intellectual property. One of its functions is to keep a register of beneficial ownership (BO) for companies and close corporations. A beneficial owner is a natural person who ultimately owns [...]
Companies First Amendment Bill, 2023 And Second Amendment Bill, 2023. The Companies First Amendment and Second Amendment Bill were tabled in Parliament on the 28 August 2023, and have been published. [The initial draft of the Companies Amendment Bill was published in 2018, followed by a revised draft Bill in 2021, both of which [...]
AMENDMENTS TO THE TRUST PROPERTY CONTROL ACT. The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act (no. 22 of 2022) came into force on 1 April 2023, and amends the Trust Property Control Act [as well as the Nonprofit Organisations Act (no.71 of 1997), the Financial Intelligence Centre Act (no.38 of 2001), [...]
WHO NEEDS TO DO ESTATE PLANNING? 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 his estate is, it is advisable to begin the process. All persons 16 years [...]
CIPC Releases A Directors Quick Reference Guide CIPC has released a quick reference guide designed to highlight specifically, although not exclusively, critical issues of the Companies Act No. 71 of 2008 that a director should be aware of. The central message of this guide, which is divided into 10 basic markers, is that a director [...]
