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Think carefully before becoming a trustee

11 August 2014 | General

After a good game of golf, over a few drinks in the clubhouse it might be easy to accept the invitation to become a trustee of a good friend’s family trust. He assures you that the position is not onerous, he will do all the thinking and other than the odd trustee meeting (which could also take place over a few drinks at the clubhouse) you would not be expected to do much. Your acceptance of the position would merely give respectability to the trust and add a degree of legality that the trust conforms to existing practice.

Value-added tax and the disposal of a partnership interest to the remaining partner

23 July 2014 | General

It appears that there is often uncertainty whether the transfer of an interest in a partnership from one partner to another (ie either a new or existing partner) should be subject to value-added tax (VAT).

Pension funds a massive force for development in Africa

15 July 2014 | General

Retirement funds have the potential to become a major force for development in Africa, including infrastructural development, which is ideally suited to the investment needs of pension funds.

Strikes put employers in awkward position over pension contributions

11 July 2014 | General

South African companies are in a legislative bind over uncertainty around whether they are legally compelled to maintain pension contributions on behalf of striking workers.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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