Hit a Pothole? Here’s How to Claim for Your Vehicle Damage in South Africa

South African roads have been deteriorating steadily. SANRAL estimates that the country now has more than 25 million potholes — up from 15 million in 2017. Every time you hit one and your tyre blows, your rim buckles, or your suspension takes a hit, real money is at stake. Many motorists simply absorb the cost […]

How New VAT Thresholds Are Reshaping SME Year-End Planning

For the first time in 30 years, South Africa’s compulsory VAT registration threshold has increased to R2.3 million, forcing thousands of SMEs into difficult financial and tax decisions at year-end. While the R1.3 million increase offers immediate compliance relief, treating the reform as a simple cost-saving exercise could jeopardise the long-term cash flow and corporate […]

Tax Rules You May Not Agree With, But Need to Plan For

Do you ever get the sense that SARS sometimes wants to have their cake and eat it? By this, I’m talking about situations where it appears that having already extracted tax on a particular amount received, SARS takes a second bite at the cherry. And on the fact of it, that’s not fair! I often […]

Forming a Trust in South Africa: Which Type Suits You?

What is a trust? The answer may seem obvious, but in practice, many people get confused as to exactly what a trust is and what such a structure is meant for. In this article, we examine the various types of trust recognised under the South African common law, as well as where the Income Tax […]