Why You Need a Shareholders’ Agreement, and How to Structure It Whether you are forming a new company or buying shares in an existing one, a formal shareholders’ agreement, tailored to suit your particular situation and needs, is essential. What is a shareholders’ agreement? It’s a contract between shareholders outlining the rights, responsibilities, and obligations...Continue Reading
Buying Property as an Investment – Some Strategies for Success “The only bad time to buy property is later.” (Steve Bolton) Buying property – whether to live/work in or on a buy-to-let basis – could be one of the most important investments you make. Here are some strategies to help you on your way. Twelve...Continue Reading
Effective 1 March 2023: New Earnings Threshold and National Minimum Wage Employers and employees need to keep an eye on the annual increases in both the National Minimum Wage and the Earnings Threshold, summarised below for your convenience. Both are effective from 1 March 2023. The National Minimum Wage increase The National Minimum Wage (NMW)...Continue Reading
Can You Claim Damages After Hitting a Pothole? “The American Automobile Association estimated in the five years prior to 2016 that 16 million drivers in the United States have suffered damage from potholes to their vehicle including tire punctures, bent wheels, and damaged suspensions with a cost of $3 billion a year.” (Wikipedia) Pothole problems...Continue Reading
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the tax tables below for the new tax rates and comparisons with last year’s rates – Source: SARS Should you require any further information please contact our team...Continue Reading
Installing Home Solar – How to Comply with the Regulatory Requirements “We have this handy fusion reactor in the sky called the sun; you don’t have to do anything, it just works. It shows up every day” (Elon Musk) Eskom’s no-end-in-sight loadshedding, rising electricity costs, South Africa’s abundance of sunshine, and the global move to...Continue Reading
Check All Emailed Bank Details for BEC (“Business Email Compromise”) Frauds “…sending bank details by email is inherently dangerous, and so must either be avoided in favour of, for example, a secure portal or it must be accompanied by other precautionary measures like telephonic confirmation or appropriate warnings which are securely communicated.” (Extract from judgment...Continue Reading
Tell All Your Creditors When You Change Address! The Case of the Summons Served on a Complex Security Guard “In my view, given the difficulties of a sheriff or his deputy accessing a security complex in the absence of the occupant for the purposes of service in terms of rule 4, service of process by...Continue Reading
Suing a Degree-Forging Employee for R2.2m “Oh, what a tangled web we weave when first we practice to deceive” (Sir Walter Scott, quoted in the judgment below) It’s a sad fact of life in today’s business world that as an employer you must remain constantly on guard against the dangers of “CV fraud”. First prize...Continue Reading
Neighbours Behaving Badly: Illegal Buildings and Demolition Orders “The approval of building plans is not a mere formality in town planning and compliance with building standards promote public safety … The courts should not permit landowners to erect illegal structures on their land and then present the authorities with a fait accompli created by their...Continue Reading
12 Montrose Park Boulevard
Victoria Country Club Estate
Office Park
170 Peter Brown Drive, Montrose
Pietermaritzburg, 3201
KwaZulu-Natal
E: info@lhtc.co.za
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