Contact

Enyuka Prop Holdings Proprietary Limited

Back to top

Enyuka Prop Holdings Proprietary Limited

CDH's Finance & Banking practice advised Nedbank, RMB and Futuregrowth in relation to the provision of ZAR1,3 billion funding to Enyuka Prop Holdings for the purposes of the repurchase of all shares previously held by Emira Property Fund Limited in Enyuka Prop Holdings and the refinancing of certain existing debt.

21 Aug 2023 1 min read Featured work

Our Finance & Banking practice advised Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Futuregrowth Asset Management Proprietary Limited (acting in its capacity as agent for and on behalf of its clients) in relation to its provision of funding to Enyuka Prop Holdings Proprietary Limited for the purposes of, amongst others, the repurchase of all of the shares previously held by Emira Property Fund Limited in Enyuka Prop Holdings Proprietary Limited and the refinancing of certain existing debt.

 

You might also be interested in

31 Oct 2024

by Heinrich Louw

There is no greatness in your lateness: Not sticking to the Tax Court Rules in respect of discovery

Earlier this year, the Tax Court handed down judgment in the matter of CZY (In liquidation) v The Commissioner for the South African Revenue Service (Case No.: IT 45997) ( 27 February2024).  The matter related to an application for condonation filed by the taxpayer for the late submission of a Rule 36(6) notice, requesting further and better discovery from the South African Revenue Service (SARS).

Tax & Exchange Control

3 min read

19 Jul 2024

Navigating FICA compliance with Cliffe Dekker Hofmeyr’s expert regulatory advisory services

At Cliffe Dekker Hofmeyr (CDH), we recognise the importance of navigating the complexities of Financial Intelligence Centre Act 38 of 2001 (FICA) compliance for our clients’ businesses. Our dedicated FICA Advisory Team is committed to providing comprehensive advisory services designed to ensure your business meets the highest standards of FICA compliance, mitigating risks and avoiding penalties.

Firm News

1 min read

29 Jul 2024

by Anli Bezuidenhout and Thato Maruapula

The dangers of social media use in the workplace

Advancements in technological gadgets such as smart phones and laptops, as well as the recent breakthroughs made in artificial intelligence, have undoubtedly made our lives easier by enabling us to access information seemingly at the speed oflight. 

Employment Law

06:58 Minutes

22 Feb 2024

by Alex Kanyi

Kenya’s tax outlook for 2024

Since coming into office in September 2022, the incumbent Kenyan Government has implemented policy measures aimed at steering economic recovery. As per the 2023 Budget Policy Statement and the Fourth Medium-Term Plan, it is currently targeting five key priority sectors. These sectors include agricultural transformation; the micro-, small- and medium-size enterprise economy; housing and settlement; healthcare; digital superhighway; and the creative industry. The Government is also redesigning taxation instruments to make them supportive of economic activity while boosting revenue collection. All these interventions have yielded progress, as the economy indicated an average growth rate of 5,6% in the first three quarters of 2023, up from 4,8% in 2022.

Tax & Exchange Control

8 min read

10 Jul 2024

by Dane Kruger and Zakiya Shaik

Related parties under the CTSE listings requirements

The South African listed environment has significantly shifted in recent years due to the increased popularity, and viability, of newly licenced securities exchanges that provide an alternative to the JSE. 

5 min read

21 Feb 2024

by Petr Erasmus

Rate changes and the fuel sector

With effect from 2023 and following a lengthy public consultation process, the Carbon Tax Act was amended to state the exact annual carbon tax rate increases from 2023 to 2030. One of the reasons for this was to promote certainty from an investment perspective and to enable South Africa to meet its Paris Agreement commitments by gradually increasing the carbon tax rate. It therefore comes as no surprise that in the Budget it was confirmed that the carbon tax increased from R159 to R190 per tonne CO2 equivalent from 1 January 2024. Concomitantly, it was announced that the carbon fuel levy will increase to 11c/litre for petrol and 14c/litre for diesel effective from 3 April 2024.

Tax & Exchange Control

1 min read

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline