Use Your Tax Cashflow to Build Your Wealth

With current marginal tax rates of 45% for an individual and a trust, we urge you, in addition to ensuring that you maximise your Retirement Annuity Contributions, to consider the highly tax efficient Section 12J (S12J) investments, particularly if you are selling a business or assets that have resulted in Capital Gains in the 2018 […]

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Fitch Ratings affirms South Africa’s ratings, keeps outlook stable

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Charles Back of Fairview has been awarded Western Cape farmer of the year 2017

We at MD are immensely proud to be associated with Mr Back, whose impressive winning profile was advertised in last week’s ‘Die Burger’, dated Friday 27 October 2017.

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AGRO-PROCESSING PROGRAMME

The DTI has just launched the “Agro-Processing Support Scheme” that encompasses quite a broad range of Qualifying Activities: Description of Qualifying Processes/Projects New and existing agro-processing/beneficiation projects. This can also involve a wide range of processing or beneficiation activities of post-harvest, that result in value addition and/or enhanced storage life, such as cleaning, sorting, grading, waxing, controlled ripening, […]

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Protect your business from Cyber-attacks

On Friday 12th May, WannaCry a strain of Ransomware, hit thousands of computers worldwide. It is far more dangerous than other common ransomware because it is able to spread itself across an organisation’s network due to a vulnerability in Windows computers. How have you protected your business against these types of attacks that are becoming […]

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National Minimum Wage on the way – May 2018

Deputy President Cyril Ramaphosa announced yesterday that: “Agreements on measures to strengthen labour stability and collective bargaining and on modalities for the introduction of a national minimum wage” have been signed. In terms of the agreement on the introduction of a National Minimum Wage (NMW), it has been agreed that the NMW should be implemented […]

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Season’s Greetings from MD

As the festive season fast approaches, we would like to take this opportunity to thank you for your continued support and loyalty. Our professional relationships are the backbone of our business and we look forward to continuing to partner and grow with you in 2017 as we strive to exceed your professional service delivery expectations. As […]

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The Employment Equity Act has been amended with fines now starting from R1.5m

A Reminder that the FINAL submission date for online EE reports is 15 January 2017. Employers with less than 150 workers must send their EE reports within 12 months after they become employers; and thereafter every year ending with an even number. Employers with more than 150 workers must send their EE reports within 6 […]

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New minimum wages for the hospitality sector

Basic Conditions of Employment Act : New minimum wages from 1 July 2016 to 30 June 2019 will apply to the hospitality sector which: Includes hotel, motel, inn, resort, game lodge, hostel, guest house, guest farm or bed and breakfast, short stay, self-catering, timeshare, camping and caravan park accommodation, restaurants, pubs, taverns, cafes, tearooms, coffee […]

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WORKPLACE SKILLS PLAN AND ANNUAL TRAINING REPORTS – DEADLINE 30 APRIL 2016

The Skills Development Act and Skills Development Levies Act, require businesses with an annual payroll of at least R500 000 to register for Skills Development Levies (SDL) and pay a skills development levy each month. The benefits of Skills Development: Claim up to 20% of your Skills Development Levy (SDL) via Mandatory Grants Claim up to […]

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