Tag: debt

Business insolvencies is expected to increase by +2% in South Africa in 2019 (after +3% in 2018). This is the first outright deteriorations since 2009 and the global financial crisis.

There is a humorous saying: 'The definition of insanity is doing the same thing over and over and expecting different results. 'It’s often attributed to Albert Einstein, but he isn’t the one who said it. It isn’t the definition of insanity either—but it does describe a trait we could call crazy. Our species tends to repeat past mistakes hoping our 'good intentions' will be enough to change the results—this time.

A workshop was recently hosted by National Treasury on the proposed changes in the draft Taxation Laws Amendment Bill, 2017 (TLAB) on converting debt to equity. These proposed amendments in the draft TLAB are in sections 19, new sections 19A and 19B, and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962.

How to gain financial independence and create wealth While some women seem to excel at making their money work for them, others battle from pay...

The ConCourt ruling provides relief for homeowners on historical debt. The case The Constitutional Court in the Case of Chantelle Jordaan and others V City of Tshwane...

Corporates 'can' acknowledge that winding up a dormant company within their South African group of companies can result in a tax headache.

Prescription in South Africa is regulated by the Prescription Act No. 68 of 1968, as amended. Prescription refers to the role that the passage...

Two weeks have passed since political drama caused havoc in markets yet again, this time with very serious consequences for the South African economy, consumers and investors.

Small business representative organisation AHI says the news that the rating agency, Fitch, has downgraded South Africa's credit rating to sub-investment grade will lead to catastrophically lower economic growth, with some estimating billions of Rands in outflows and a doubling of our current account deficit.

Few people realise that the largest source of business funding in South Africa is provided by private companies themselves. Businesses extend credit to their customers and obtain credit from their suppliers, usually in the form of short-term funding which lasts for 30 to 60 days per transaction.