1. The Alienation of Land Act provides as follows in section 2(1) thereof: 2 (1) No alienation of land after the commencement of this section shall, subject to the provisions of section 28, be of any force or effect unless it is contained in a...
Who is this intended for?Single or family unit permanently resident and/ or an immigrant who has been resident for more than 5 years in South Africa Forms Required: Anyone who intends to emigrate from South Africa must inform their authorised dealer The completed Form MP...
Financial Intelligence Centre advises that Section 28 of the Financial Intelligence Centre Act, 38 of 2001 makes it obligatory for all accountable- and reporting institutions to report cash transactions (meaning transactions involving domestic and foreign notes and coins, and travelers cheques) above the prescribed limit...
FICA REQUIREMENTS FOR ESTATE AGENTS Introduction The Financial Intelligence Centre Act, 38 of 2001 (FICA), came into effect on 1 July 2003. FICA was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities. The FICA Amendment Act 1 of...
INTRODUCTION South Africa’s readmission to the international arena, the de-regulation of international markets and the advancement in communication technology has resulted in a dramatic escalation in organized crime and money laundering in South Africa. The Financial Intelligence Centre (FIC), fights crime by monitoring the proceeds...
The assumption is that any item attached or fixed to the property constitutes a fixture or fitting and that all loose items are moveables and therefore not included in the sale of the property unless otherwise agreed. Generally this is true but there is a...
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