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In the same way that trustees determine the levies for the year ahead during their annual general meeting, they also determine what interest rate will be applied to levies in arrears.
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This is the second and final part of our “preparing for divorce checklist” series which looks at all the financial considerations when getting divorced in South Africa.
It is mandatory for owners or members of the scheme to pay their levies in full and on time to avoid placing the body corporate under unnecessary financial distress.
The decision to get divorced is not an easy one for couples to make as it’s the first step to a process which can be time consuming as well as emotionally and financially draining.
When it comes to transfer duty in South Africa, it’s important for to understand what one can expect to pay when purchasing property in South Africa as well as what the difference is between transfer duty and transfer costs.
Although we have officially kickstarted lockdown level 4 in South Africa, there is still major confusion around which industries are permitted to begin their phased return to normal operations.
When it comes to divorce and retirement funds in South Africa, it’s imperative that the retirement fund clause in a divorce settlement agreement is drawn up by a divorce attorney.
With their primary audience being executives and investors, we were honoured to be approached by one of Finweek's business journalists to answer frequently asked questions related to wills and estates in South Africa.
Struggling businesses can now apply for COVID-19 business loans in South Africa, according to the Treasury. However, it’s extremely important for the details of this loan scheme to made clear to all business owners who are thinking of applying.
On the evening of the 23rd of April, President Ramaphosa announced the phased lifting of lockdown regulations in South Africa starting from 1 May 2020. However, strict measures and restrictions are still in place and should be adhered to.
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