In the first of a series of monthly market outlook written exclusively for Moore Stephens, Nolan Wapenaar of Anchor Capital looks at the recent Monetary Policy Committee’s rate hike and shares ten reasons why it was a mistake for South Africa.
The National Treasury has revised and clarified anti-avoidance rules on share buy-backs and dividend stripping. Moore Stephens Cape Town’s tax advisory team takes a more detailed look.
CIPC has confirmed that even companies undergoing a voluntary audit are required to disclose their directors’ remuneration, and by name, and that failure to do so would be tantamount to a contravention of The Companies Act.
South Africa has entered a technical recession. We can expect an increase in merger and acquisition activity. Often the Takeover Regulations contained in the Companies Act No. 71 of 2008 are overlooked. Failing to adequately consider these implications could have dire consequences for shareholders, particularly those of small to medium private companies.