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A million requests, a million problems solved  Snupit, South Africa’s leading online platform for finding local professionals, announces that over 1,000,000 customer requests have been posted on their platform.  Avinash Samlall, Snupit’s Founder and CEO, commented, “If you go to the (Snupit) website, you can see the simple message ‘Find…
The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions. In August 2019 the SARB joined forces with KPMG…
Webber Wentzel were presented with the 2019 Funds Legal Advisor of the Year award at the 8th Annual Private Equity GP & Advisor Awards. This is the sixth consecutive year Webber Wentzel has been recognised by these awards and the third time the firm has won Funds Legal Advisor of the Year. The…
by Daryl Dingley, Partner at Webber Wentzel On 10 October 2019, the Minister of Economic Development published second drafts of the Price Discrimination Regulations and Buyer Power Regulations (collectively, the 2019 Regulations) for public comment (Government Gazette No. 42760 is accessible here). The publication of the 2019 Regulations is a significant development. The contentious amendments to…
SA’s leading retail bank has again produced a solid set of interim results. Their affordable banking solution that is simple to understand, transparent and helps clients improve their financial lives continues to resonate with consumers from all walks of life. Capitec obtained an average client growth of almost 200 000…
Monday, 14 October 2019 09:32

Standard Bank Scoops Awards at SIBOS

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Standard Bank Group, Africa’s largest bank by assets, has received a number of industry awards from Global Finance, presented on the side-lines of the annual 2019 SIBOS conference held in London. “We are pleased to have received these awards which serve as recognition of our Africa-focused strategy, and bear testament…
Thursday, 10 October 2019 15:44

The end of NRV for closing stock (or not?)

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By Joon Chong, a Partner at Webber Wentzel The Supreme Court of Appeal (SCA) has for the second time in CSARS v Atlas Copco South Africa (Pty) Ltd, confirmed that the net realisable value (NRV) method is not a suitable method to value closing stock for income tax purposes. The SCA referred…
JOHANNESBURG-South African businesses need to capitalize on the potential that exists in bio-metric enabled cashless transactions as they can now embed Software Development Kits, SDKs, into their own apps to biometrically enable the apps to validate identities while a customer is registering, logging on or processing a cashless transaction. Business…
Sole Representatives: A sole representative visa allows an individual to enter the UK for an overseas company if the company does not have a presence in the UK. The purpose of the visit must be for the representative to establish the company and build their reputation in the UK or…
Thursday, 10 October 2019 10:51

Key factors when applying for business finance

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Many factors go into the decision making pot when funders decide to approve or decline a loan, and not all of these are within your control. This article looks at some of the key factors that will impact on your loan, and what you can do to improve the odds…
Tyson Properties has expanded its Western Cape footprint with the opening of a strategically located provincial headquarters and Southern Suburbs office. This comes as the real estate group strengthens its position elsewhere in the country, scoring a top brand award in KwaZulu-Natal, where it has also opened a new Glenwood office,…
South Africa has been confronted by many challenges directly linked to the inaccessibility of affordable education. Since 2015 there has  been a lot of debate around  the #FeesMustFall movement, where students took to the streets to march for free higher education. In mid-December 2017, the former President of the country Jacob…

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