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