by Nicola Mullineux

In response to South Africa’s greylisting by the Financial Action Task Force (“FATF”) for non-compliance with the international standards aimed at preventing money laundering and terrorist financing, the legislature elected to amend Companies Act, 71 of 2008 (“Act”). The purpose of these amendments is to rectify the deficiencies identified by the FATF, with the ultimate aim of eradicating the greylisting imposed.

by Nicola Mullineux

Choosing the correct business vehicle is crucial to protect your and (potentially) your spouse’s financial wellbeing. Of particular importance when making this choice is understanding the concept of a separate legal personality.

by Nicola Mullineux

The following clause (with minor variations) is often found in lease agreements:- "The Tenant shall have the right to renew this Agreement for a period of 1 (one) year on the same terms and conditions, save that the rental shall be agreed to in writing between the Parties.” A clause of this nature seems to provide the tenant with a right to renew the lease agreement, however, the latter part of the clause unequivocally indicates that the tenant has a right to renew on condition that the rental amount is agreed upon, in essence, an agreement to agree.