By passing the Employment Equity Act 55 of 1998 Parliament is aiming to redress past discrimination. This piece of legislation has generated intense debate. The opposing political parties were all united in their rejection of the Act as 'discriminatory'. There is now talk of challenging the Act in the Constitutional Court. One of the opposition parties is reported to have obtained a legal opinion which concluded that certain provisions of the Act were unconstitutional.
Purchases, nominees and transfer duties If a purchaser purchases immovable property and reserves the right to appoint a nominee within a specified period, the SARS will levy transfer duty a second time on the transfer of the immovable property to that nominee.
The Insolvency Act 24 of 1936 (the Act) has now been in use more than 60 years. The Act is not the only source of our insolvency law, since rules pertaining to insolvent companies and close corporations are, for instance, also to be found in other Acts such as the Companies Act 61 of 1973 and the Close Corporations Act 69 of 1984, while principles of the common law also apply in certain instances.