Page 21 - Property Control News Today

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The Government of Botswana will submit a request for re-rating following reforms in its legislative framework brought by the recent passing of Financial Intelligence Bill which had been published by the Minister of Finance and Economic Development, Peggy Serame.

Bangwato royals who are currently in talks with the government over their paramount chief, former president Ian Khama’s situation have expressed shock at the government’s decision to place their tribesman, Kgotla Autlwetse who is also the Minister of Local government and Rural Development as a key figure and integral part of the decision makers on matters relating to his chief’s fate.

The National Assembly recently passed the Financial Intelligence Bill, 2021 (Bill No. 34 of 2021) during an Emergency Parliament Meeting. The Bill was first published on 23rd December, 2021 by the Minister of Finance and Economic Development, Honourable Peggy Serame.

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The majority of financial statements in South Africa are compiled by implementing the IFRS for SMEs as a financial reporting framework.

It is important to ensure that the people you nominate are appropriate for your estate plan.

An independent trustee should be an “independent outsider” who ensures that there is adequate separation between control and the enjoyment of benefits and has a proper realisation of the responsibilities of trusteeship.

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It often happens that trustees do not actively participate in trust matters on an on-going basis – such as when soon-to-be-ex-spouses do not want to face one another in trustee meetings, or when people simply rely on an (invalid) clause in a trust instrument to abdicate their responsibility as trustee. Here’s a closer look at what our law allows.