New Companies Act won’t ease red tape burden for small firms

Issued by DUO Marketing + Communications on behalf of Idu Software South Africa’s new Companies Act aims to reduce the bureaucratic burden on small businesses – but, says Kevin Phillips of financial software developer idu Software, private sector business practices are likely to undermine some of the Act’s intentions. The promised gains are most likely [...]

SOUTH AFRICA: Greater burden for CCs – but not all doom and gloom

Issued by www.moneywebtax.co.za on behalf of Ewald van Heerden, partner at global audit, tax and advisory firm Mazars You may need to comply with new requirements depending on your public interest score. Now that the new Companies Act is effective, existing close corporations (CCs) need to comply with a number of new additional reporting requirements [...]