If you operate as a bonded facility – whether OS, SOS or manufacturing warehouse or the like within the Customs and Excise space, then this alert is for you. Recent draconian interventions by SARS have shown that if SARS decides that the security is insufficient, this may have detrimental consequences for your business operations and any logistical operations associated thereto.
Securing commercial funding seems simple until bureaucratic delays hold your business hostage. Before you count on that cash landing in your account, discover the 10 crucial requirements banks demand before registering your mortgage bond.
Special Economic Zones (SEZs) exist for one reason: to encourage investment. By offering qualifying companies a reduced corporate income tax rate of 15%, South Africa sought to make designated manufacturing and industrial hubs more attractive to investors. Yet, like many tax incentives, the concession has always carried a concern—how do you encourage genuine investment without opening the door to artificial profit shifting?
Shepstone & Wylie (S&W) will not change its banking details. Any communication you receive stating we have done so will be false - please contact us immediately.
If you bank with Standard Bank, Nedbank, Investec, FNB or Absa Bank you are encouraged to pay us using the bank approved beneficiary: Shepstone and Wylie Attorneys.
If you don’t use the bank approved beneficiary option, you must always call us to verify our banking details before making any payment.