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Update on the progress of the Protection of Personal Information Bill

The Portfolio Committee received a briefing from the Department of Justice and Constitutional Development on the work done by the Technical Committee on the Protection of Personal Information Bill on 19 June 2012. The Bill is now in its 7th Working Draft.

NCC 0, Suppliers 3: Yet another compliance notice set aside by the NCT

The National Consumer Tribunal has decided to set the compliance notice issued against Auction Alliance aside last week. Reasons for this decision have not yet been published. This means that the beleaguered company is off the hook for now.

It is the NCC's third straight loss at Tribunal level.

For more information see: http://www.businessday.co.za/Articles/Content.aspx?id=176095.

Disturbing claims made by NCC Chief Commissioner against DTI

NCC Chief Commissioner Mamodupi Mohlala-Mulaudzi has made disturbing allegations of 'sabotage' against the Department of Trade and Industry. She claims that the NCC has been hamstrung by a series of investigations, financial controls and under-funding. The motivation for this 'sabotage' is a conflict of interest between the 'mandate' of the NCC and the DTI.

New Interest Rates after transferring loans out of a Juristic entity

Many of you will be aware that in terms of our amended laws of taxation it is cheaper to have your property in your personal name, than in the name of a juristic entity (such as a company or a trust). Specifically there is a much bigger rebate if the property is held in your own name for Capital Gains Tax than if it is held in the name of a juristic entity.

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