TELKOM’S INSENSIBLE GAINS AND LOSSES
The Supreme Court of Appeal (“SCA”) delivered judgement on 25 March 2020 in a matter that primarily deals with gains or losses caused by foreign exchange fluctuations. Key to the debate was the interpretation of statutes and specifically whether section 24I of the Income Tax Act (which regulates foreign exchange gains and losses) is a self-standing […]
CRYPTOCURRENCY
Cryptocurrency and blockchain has been the hot topic in the media the past year. It is a concept that few truly understand, and could change the future for everyone in a major way. But what is cryptocurrency and blockchain? Per the online dictionary: A cryptocurrency is a digital currency in which encryption techniques are used […]
Forex Management
These days anyone in South Africa that has foreign transactions as part of their business has the worry of the volatile currency fluctuations of the Rand. Unless you are using Forward Exchange Cover (which tends to be expensive) the rate at which you make payment is critical. Smaller businesses tend to have it worse, as […]