Dear Subscriber,

Thank you for taking the consumer survey that we have been running for the past few weeks. We will continue running surveys throughout the year and we will provide you with a variety of prizes that you can win when you participate.

Company Secretaries and allied Governance Professionals are valued members of management and administration teams in organisations, listed companies, state enterprises, and non-government organisations.

These valued professionals are finding that knowledge and competency requirements are increasing universally. Corporate governance issues, including environmental reporting, corporate social responsibility and massive changes to company law, are impacting on their businesses.

Chartered Secretaries International is deploying its resources throughout the world. The Institute is being called upon to assist with the development of human capital to cope with the increasing demands on Company Secretaries and allied professionals.

TAXtalk is giving away x2 FREE delegate tickets to the COSECS™ 2007 17th Annual Company Secretary Symposium, brought to you by The Institute for International Research (IIR), in partnership with Chartered Secretaries Southern Africa.

This conference has been designed to update information and

best practice guides that will assist in the maintenance of professional knowledge and competencies. Intensive research has been conducted, both in South Africa and abroad, to ensure that participants obtain valuable exposure to the latest issues and developments.

All you have to do to enter our competition is to take our quick online consumer survey.



Tax Issues
The Supreme Court of Appeal (SCA) recently delivered a very interesting judgement on interest-free loans. Prof. Emil Brincker of Edward Nathan Sonnebergs discussed this ruling on Tax Issues, broadcast on Summit TV (DSTV channel 55) at 20h40 & 22h40 on Wednesday evenings and at 7h30 on Thursday mornings.

Subscribe online in less than two minutes.

Till next week.
Janine Connor
Executive Editor & Head of TAXtalk

Prof. Emil Brincker of Edward Nathan Sonnebergs - Summit TV

The Supreme Court of Appeal (SCA) recently delivered a very interesting judgement on interest-free loans. Prof. Emil Brincker of Edward Nathan Sonnebergs discussed this ruling on Tax Issues, broadcast on Summit TV.

TAXtalk Magazine

In an interview on Summit TV’s Tax Issues earlier this year tax lawyer Pierre du Toit spoke about the current highly dynamic tax environment.

TAXtalk interviewed Pierre about his views on the South African tax landscape and about the prevailing anti-avoidance rules.

eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

Kerry Watkin - DE Professional Consulting

A typical BEE deal will involve the decision by Company A to meet government BEE requirements and, in so doing, the company issues new shares equating to 26% at par value to a BEE partner. The said shares would amount to R2600. The effect of this transaction is that the existing shareholders shares are watered down by about R8 million in value, as the company is worth about R32 million before allotting the new shares to the BEE partner.

PriceWaterhouseCoopers (PwC)

As a result of proposed amendments to the Seventh Schedule of the Income Tax Act, the cost of multinational companies bringing skilled employees to South Africa will increase significantly.

Maya Fisher-French

To put it simply, we have houses and pension funds that are worth on average three times our annual after-tax income but, on a monthly basis, we spend more than we earn, which increases our debt levels and erodes our savings levels. This is why, for the first time in history, South African households have a negative savings rate.

TAXtalk invites you to write an article in which you share your views and expertise on tax. Your article can be published in the newsletter for 7000 readers to view, on our website for over 100 000 viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read. Make an impression, submit your article NOW.

Article Requirements:
1 Page Article : 900 words  1½ Page Article : 1350 words  2 Page Article : 1800 words
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Submit your article to: janine@taxtalk.co.za or post it to: (P.O Box 1650 Gallo Manor 2052)