The voetstoots clause has historically been championed as a sound defence mechanism for a seller to contract out of liability against a buyer’s claim based on a discovery of a latent defect. However, recent case law has held that this defence falls away in the case of a seller behaving fraudulently. A ‘defect,’ as defined…
This year’s Budget Speech for 2016/2017 saw the announcement of a Special Voluntary Disclosure Programme (SVDP). This programme, devised in the context of the new global standard for automatic exchange of tax information between countries, allows non-compliant taxpayers to voluntarily disclose their offshore assets and income. As SARS will start receiving this information from 2017,…
We’ve kicked off business-as-usual for the New Year and are excited to make a couple of announcements.
