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Court finds no verbal agreement for transfer of shares was concluded

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on May 2, 2025

In April 2025 the Supreme Court of Appeal held on the facts that an alleged oral agreement between two family trusts was not valid and binding because there was no meeting of the minds between the negotiating parties, particularly as to the purchase price for the shares.

The parties had fallen out and, at an…

Posted in Corporate, Tax

Public Benefit Organisations that issue receipts are now required to report to SARS

Photo of Dale CridlanPhoto of Liesl Williams
By Dale Cridlan & Liesl Williams on July 24, 2023

From 1 March 2024, Public Benefit Organisations will be required to report to SARS on any amount donated to the PBO in respect of which it issued a section 18A receipt, as well as all information required to appear on the section 18A certificate (the requirements of which were updated – see Section 18A tax…

Posted in Tax

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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