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What trustees need to do now – the risky new trust landscape

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Huysamen Westraad Incorporated October 2023
The Risky New Trust Landscape – What Trustees Need to do Now

Recent legal and tax amendments have considerably altered the trust landscape, placing onerous new duties on the shoulders of all trustees in South Africa, while also exposing them to significant risk, with penalties for non-compliance including substantial fines of up to R10 million or imprisonment for up to 5 years, and some of the impossible deadlines already passed!

In this article, discover the new duties imposed on trustees and why professional assistance is essential to ensure compliance.

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Tips for Pacing Business Growth for Sustainability  
Why the Four-Day Working Week Just Might Happen  
Don’t Fall Prey to the Most Common Cybercrimes!  

Every entrepreneur that starts a business does so hoping it will grow into a working concern. Despite this, many go into the process of building those businesses blindly, unaware that the pace of growth and the way it is handled is a critical element of making a business work in the long run.

If a business grows too slowly, it may run out of financing, and if it grows too quickly, it may collapse due to an inability to meet requirements and client dissatisfaction. Here’s our guide on how to grow your business sustainably. 


Back when the industrial revolution first started Sunday was the only day off, given over to worship and contemplation. It wasn’t until 1908 that companies first began enacting a five-day work week, and only the great depression made it the standard.

Now decades later we are finally contemplating turning another workday into an even longer weekend, in fact it has been trialled in a number of places around the world. The results have been an unexpected phenomenon. Here is why the four-day work week is getting closer to reality.


Cybercrimes, including phishing and online scams, are not only the biggest current threat in Africa, according to Interpol, they are also the type of crime most likely to increase in the next three to five years.  

In this article, we share the prominent cyberthreats identified by Interpol - with Business Email Compromise (BEC) still top of the list, explain what these cybercrimes entail, and also offer some excellent tips from expert sources to help you, your business and your employees remain safe from these growing threats to businesses and individuals. 

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Your Tax Deadlines for October 2023
  • 6 October - Monthly Pay-As-You-Earn (PAYE) submissions and payments

  • 30 October - Excise Duty payments

  • 31 October - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable.
  Physical Address:

Manor House, Farm 3
Vineyards Office Estate 
99 Jip de Jager Drive 
Bellville, 7530 
Postal Address:

P.O. Box 1950 Bellville

Contact Details:

Tel: 021 945 1009
Fax: 021 946 4086



The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.

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