It is important for South Africa, on a global stage, to be able to illustrate our commitment to reducing and combating the impact of climate change. However, the real commitment is firstly to the people of South Africa who are most vulnerable and must have their social, economic and environmental rights protected.
In the current climate with taxpayers having to juggle, amongst other things, the devastating effects of Covid, with the unforeseen losses of the civil unrest, it may be that some could find themselves in a difficult position to deal with expected and unexpected tax liabilities.
Failure by an owner of an investment letting business conducted from immovable property to advertise a sale in compliance with the law, can in certain circumstances, have severe consequences for both the owner and its bondholder.