The cost of non-compliance – Sars’ shrapnel knows no borders
South African Revenue Service (Sars) has made it easier to clamp down on individuals it deems as “sophisticated taxpayers”, specifically those with the ability “to apply for more than the yearly R1-million single discretionary allowance”. This is per the Sars media statement on May 3, 2023, and is o…
Not respecting your dying wish: pension fund trustees are not bound by beneficiary nomination forms
In the recent case of Ndwandwe v Trustees of Transnet Retirement Fund and Others [2023] ZAKZDHC 8 (22 February 2023) the High Court in Durban again had to deal with the question of whether the trustees of a pension fund can deviate from the wishes of a member as recorded in the member’s beneficiary …
South African Commercial Law Blog 