TGS South Africa News

March 28, 2019

Companies: Don’t Inadvertently Encourage Unethical Behaviour

“So much of what we call management consists in making it difficult for people to work” (Peter Drucker) In a recent interview of a prosecutor, he […]
March 28, 2019

The CIPC Is Taking On Wrongdoing by Directors – A R4.3bn Example

The Companies and Intellectual Property Commission (CIPC) has often been viewed as just an administrator and recorder of decisions made by companies. In February however, the […]
March 28, 2019

Sugar Tax: Good for the Taxman, Bad for the Sugar Industry

“If governments tax products like sugary drinks, they can reduce suffering and save lives. They can also cut healthcare costs and increase revenues to invest in […]
March 28, 2019

What Our New Tax Statistics Tell Us

There are only run-of-the-mill tax deadlines in April, but some interesting information emerged from the recently-released 2018 edition of SARS’ Tax Statistics – For the first […]
February 27, 2019

What does Budget 2019 mean for you?

The following proposed tax changes were announced Income tax rates are left unchanged. The primary rebate was marginally increased but the overall effect of this is that […]
February 27, 2019

Your Selection of Budget 2019 Tax Calculators

“People who complain about taxes can be divided into two classes: men and women” (Anon) How long will you work for the taxman today? Input your […]
February 27, 2019

Budget 2019: Credibility Restored?

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have […]
February 27, 2019

How to Improve Risk Management in Your Business

Risk management has become increasingly popular in the past twenty years. It is also a corner stone of good governance. Despite this increased focus, businesses are […]
February 27, 2019

VAT Taxpayers: New Relief on Correcting Tax Invoices

There has been an anomaly in VAT law which new legislation has now largely resolved. The problem with the old position It has always been simple […]
February 27, 2019

SARS Warns Taxpayers: “Use Only Registered Tax Practitioners”

There are no major tax deadlines for March but SARS is again warning taxpayers to – Only use registered Tax Practitioners, Ask for the practitioner’s registration […]
January 31, 2019

AI and the Changing Face of Jobs: Good News If We React Now

“Artificial Intelligence is a tool, not a threat” (Rodney Brooks, Roboticist) There has been fear that the rise of Artificial Intelligence (AI) and robots will considerably […]
January 31, 2019

Directors: The Potential Liabilities You Face When Issuing Shares

In the life cycle of your company there will be times when you need to recapitalise the business.  When would you need to issue shares? A […]
January 31, 2019

POPIA is Now Imminent: Don’t Underestimate the Work Involved

With the release of final Regulations for the Protection of Personal Information Act (“POPIA”, often referred to as “POPI”), the Act’s commencement has become imminent. Once […]
January 31, 2019

Does “The Company” Still Have A Role To Play?

Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the company deliver what […]
January 31, 2019

Budget 2019: Your Tips for Tito

On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what they would like to see […]
January 31, 2019

Your Tax Deadlines For February 2019

The second provisional tax payment for the 2018/2019 tax year is due by 28 February. If your taxable income is below R1 million your estimate of taxable […]
January 8, 2019

Interest Rates in 2019 – Which Way Will They Go and Why?

“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic commentators react favourably to interest […]
January 8, 2019

Deemed Accruals Can Seriously Disrupt Your Cash Flow – A Tax Lesson for Property Developers

A recent Supreme Court of Appeal (SCA) judgment has confirmed a view that our courts have held for a long time – namely that when a […]
January 8, 2019

The Art of Valuing Assets and Businesses

Recently the artist Banksy put up for auction a work called “Girl with Balloon”. It was sold for GBP860,000. No sooner had it been sold than […]
January 8, 2019

Directors: Fighting Corruption via Your Social and Ethics Committee

“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a company to set up […]
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