RECENT NEWS
Delays in winding up estates continue
The timelines for winding up an estate have improved since the peak of the Covid-19 pandemic but are still likely to take longer than before Covid, as pandemic backlogs and other problems persist. A year was a good expectation for an estate where the deceased left a...
Court case about section 2(3) of the Wills Act, 7 of 1953
Delport v Le Roux and Others [2022] ZAKZDHC 51 The applicant (D) brought an application under section 2(3) of the Wills Act, 7 of 1953 (the Act), asking the court to declare a document allegedly signed by the deceased (LR) as his last will and testament. The...
Market Movements 08.11.22
Markets rallied on Friday on hopes that China, the world's second largest economy, would ease its strict Covid-Zero policy.
Market Movements 19.09.22
The JSE saw a rather flat trade session on Friday and closed in the red as it tracked global peers lower. The All Share Index (-0.58%) and the Top 40 Index (-0.64%) fell to 66 584 points and 60 014 points respectively, by the closing bell. Industrials (-2.27%) were...
Court case about trust assets and accrual upon divorce P A F v S C F [2022] ZASCA 101
The applicant (P) and the respondent (S) were married in 2001, out of community of property with inclusion of the accrual system. They were getting divorced in 2015. The divorce trial started on 18 February 2015. Twenty days prior to the start of the trial P set up a...
Trust to trust: The trust as taxpayer
Some estate planners and trustees are not aware that a trust is regarded as a separate taxpayer, who has to register as such, and who has to submit relevant tax returns. Trust income was always taxed in the hands of the trust unless it vested in the hands of the...
Master’s Office ‘all clear’ by year-end – Minister
Justice & Correctional Services Minister Ronald Lamola is confident the backlog in the Master’s Office – which accumulated during the Covid-19 pandemic and as a result of a September 2021 cyberattack – will be cleared by the end of December. According to a...
Indicators 13.07.22 – Source: FNB Securities
Indicators 13.07.22 Source: FNB Securities
Market Movements 13.07.2022
Market Movements 13.07.2022




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