Thistle_do_nicely Posted April 27, 2018 Share Posted April 27, 2018 Haaaaaaaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahahahahahahahaha 0 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted April 27, 2018 Share Posted April 27, 2018 On 31/03/2018 at 13:44, Tartantony said: Is this your go to point on the issue, that no-one on here are experts in South African tax matters? While I am no expert, I was one of the main accountants for a large company in South Africa for 5 years and I can tell you for a fact that it's extremely difficult to move funds from South Africa to a foreign entity, even when the foreign entity is the parent entity. I spent 5 years trying to move R11m (approx $1m) and when I left the role the money was still sitting in South Africa. He would need to work with SARS, SARB and auditors and meet every single bit of criteria in order to get anything out. They take things like tax history and reputation into account which we all know doesn't go in DKs favour. Now it could well be that he has the funds in a trust in another country and South Africa doesn't come into the equation but if they do then i would be flabbergasted if he got £11m out of South Africa. 1 Quote Link to comment Share on other sites More sharing options...
Jdog Posted April 27, 2018 Share Posted April 27, 2018 Statement! Statement! 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 27, 2018 Share Posted April 27, 2018 A few weeks ago about I posted about King having no money and got shouted down by the bandwagon..... -3 Quote Link to comment Share on other sites More sharing options...
SilverWolfe Posted April 27, 2018 Share Posted April 27, 2018 A few weeks ago about I posted about King having no money and got shouted down by the bandwagon..... 0 Quote Link to comment Share on other sites More sharing options...
Jdog Posted April 28, 2018 Share Posted April 28, 2018 15 hours ago, bennett said: A few weeks ago about I posted about King having no money and got shouted down by the bandwagon..... Don't worry mate, I heard the NOMAD has it. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 28, 2018 Share Posted April 28, 2018 Don't worry mate, I heard the NOMAD has it. Surely in Weegie land it would be MAD, NO? 0 Quote Link to comment Share on other sites More sharing options...
SandyCromarty Posted April 29, 2018 Share Posted April 29, 2018 I've always felt that the King fella was a bit on the dodgy side, plus having worked in South Africa I am well aware the the country is not stable and financial corruption is rife. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted May 3, 2018 Share Posted May 3, 2018 On 27/04/2018 at 18:43, bennett said: A few weeks ago about I posted about King having no money and got shouted down by the bandwagon..... Oh Kinky if only were here. 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted May 3, 2018 Share Posted May 3, 2018 8 hours ago, Insaintee said: Oh Kinky if only were here. You called? 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted May 3, 2018 Share Posted May 3, 2018 23 minutes ago, The_Kincardine said: You called? Beetlejuice... Beetlejuice... 1 Quote Link to comment Share on other sites More sharing options...
Dindeleux Posted May 3, 2018 Share Posted May 3, 2018 Is this your go to point on the issue, that no-one on here are experts in South African tax matters? While I am no expert, I was one of the main accountants for a large company in South Africa for 5 years and I can tell you for a fact that it's extremely difficult to move funds from South Africa to a foreign entity, even when the foreign entity is the parent entity. I spent 5 years trying to move R11m (approx $1m) and when I left the role the money was still sitting in South Africa. He would need to work with SARS, SARB and auditors and meet every single bit of criteria in order to get anything out. They take things like tax history and reputation into account which we all know doesn't go in DKs favour. Now it could well be that he has the funds in a trust in another country and South Africa doesn't come into the equation but if they do then i would be flabbergasted if he got £11m out of South Africa. I might be a bit late here but I work for a major UK bank. We have at least 5000 SA clients and most of them move large sums of money (£1 million +) in and out of South Africa easily, both from individual and business accounts.Most of these come to us in ZAR and it takes around 6 days both ways. -1 Quote Link to comment Share on other sites More sharing options...
SilverWolfe Posted May 3, 2018 Share Posted May 3, 2018 I might be a bit late here but I work for a major UK bank. We have at least 5000 SA clients and most of them move large sums of money (£1 million +) in and out of South Africa easily, both from individual and business accounts.Most of these come to us in ZAR and it takes around 6 days both ways.Is that coming through some sort of exchange Dindy? Don't know how the rules are for Companies that are trading on stock markets etc especially if funds are coming and going. My situation was trying to move funds from a company to it's Parent in the UK. I.e earnings from SA leaving the country for good. We're not talking a small company here, i work for one of the largest investment banks in the world. From what I experienced I can't see DK getting funds out. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted May 4, 2018 Share Posted May 4, 2018 ^^^ Dave King ^^^^^ 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted May 4, 2018 Share Posted May 4, 2018 I work for a massively huge company.... do I win? [emoji23]I had a boss who lived and worked in SA and when he was preparing to move over here he had a hell of a time getting his money moved over. In fact am I pretty sure most of it is still over there.They really don’t like money made in SA leaving SA. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted May 4, 2018 Share Posted May 4, 2018 14 hours ago, Dindeleux said: I might be a bit late here but I work for a major UK bank. We have at least 5000 SA clients and most of them move large sums of money (£1 million +) in and out of South Africa easily, both from individual and business accounts. Most of these come to us in ZAR and it takes around 6 days both ways. If you can show you moved it in, then you can move it out. Otherwise . . . 0 Quote Link to comment Share on other sites More sharing options...
D.A.F.C Posted May 10, 2018 Share Posted May 10, 2018 For every pound Celtic spend Dave King will pretend he has two. 4 Quote Link to comment Share on other sites More sharing options...
nsr Posted May 11, 2018 Share Posted May 11, 2018 Is there any point at which they have to stop pretending to have money and actually pay some money? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted May 11, 2018 Share Posted May 11, 2018 On 4/15/2018 at 16:59, The DA said: A Cup final crowd might have eased the financial burden come May. Pity. And I wonder how many fans will refuse to renew their season tickets this time round? It's not looking good for them. Looks like the renewals are going just fine.... How's things going down in the lower leagues? -1 Quote Link to comment Share on other sites More sharing options...
NorthernLights Posted May 11, 2018 Share Posted May 11, 2018 https://www.dailyrecord.co.uk/sport/football/football-news/rangers-rise-celtic-rule-roost-12513457 0 Quote Link to comment Share on other sites More sharing options...
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