The long awaited Companies Act No. 71 of 2008, together with the Companies Act Regulations, came into effect on 1 May 2011 and has changed the corporate landscape introducing new concepts, regulations and rules.

The Consumer Protection Act, No. 68 of 2008, came into effect on 1 April 2011. The Act sets out the minimum requirements to ensure consumer protection. All suppliers of goods and services will be required to review their policies and procedures to determine compliance with the requirements of this Act.

We have compiled a bulletin (download by clicking here) relating to certain of the immediately effective provisions of the new Companies Act.

We trust that you will find this information helpful. If you have any queries concerning this, please contact us at .

We have been receiving queries from SARS regarding medical expenses claimed as a tax deduction. In the past SARS accepted the amount indicated on Medical Aid certificates (amounts not paid/refunded by the medical aid) as a tax deduction. SARS now requires actual supporting documentation. We therefore advise you to keep all documentation of medical expense payments.

Greenwoods, is proud to announce that our trainee accountants obtained a 81% pass rate in the recent 2011 South African Institute of Chartered Accountants Board Exams.

Congratulations to the following candidates:

Louw Barnardt

Peter Beckert

Quentin Daniel

Lukas de Kock

Leigh-Peter Downing

Tania du Preez

Maryke Engelbrecht

Paul Fouche

Johanna Giliomee

Marlene Hough

Adri Kirsten

Johan Dawid Kriegler

Jacques le Grange

Johannes Loots

Daniel Morkel

Alexi Potgieter

Dana Pretorius

Wendy-Ann Robertson

Estelle Smith

Louw Steyn

Christopher Thornhill

Rynand van der Merwe

Mario van Rooyen.jpg

Alicia van Zyl

Azer van Zyl

Nicole Venter

Bart Vervalle

Jean-Pierre Visser

Willem Vorster

Hildegarde Wust