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There is something of a recurring joke in the sitcom, “How I Met Your Mother”, that Ted and Barney should buy a bar. And why not? Cheap drinks, no last call; it’ll be legen … wait for it … It’s with a similar mindset that many people approach starting a business. It’s an exciting […]
Debts prescribe. In simple terms, this means that you lose the right to collect the debt, from the individual or entity that was indebted to you, as the debt no longer exists. Prescription is governed by the Prescription Act 68 of 1969 and is designed to bring finality to disputes. The general rule is that […]
There has been a flurry of news articles in recent weeks concerning an apparent challenge to the status quo in the B-BBEE landscape, especially in relation to ownership through trusts. In a nutshell, the fledgling B-BBEE Commission has indicated that more than half of the existing structures of trust ownership might amount to ‘fronting’. […]