The Amendment Acts have brought sweeping changes to the corporate law landscape, and some of those changes have implications for employers and the workplace. In particular, the new requirements for disclosure of remuneration place a spotlight on income inequality across different levels of employees and introduce mechanisms to enforce transparency relating to remuneration, where this has not always been the case or practice. These requirements are now in effect.
Furthermore, the Second Amendment Act extended the time bar to hold directors and, in some respects, prescribed officers, irrespective of their status as employees or not, accountable in terms of delinquency orders and civil damages claims, if good cause is demonstrated. These amendments came into force in December 2024 and have retrospective effect. The potential relaxation and extension of the relevant time bars has...
The South African Revenue Service (SARS) says claims its systems have been breached are false and unsubstantiated. This, after social media reports emerged at the weekend that both SARS and the St...