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Mr. Desai, a widower retired from Man Ed Ltd on 30 September 2022 as he has reached the age of 65 years. Upon his retirement
Mr. Desai, a widower retired from Man Ed Ltd on 30 September 2022 as he has reached the age of 65 years. Upon his retirement he had received the following income for the year of assessment: A watch, that the company had paid R5 000 for. This was awarded in appreciation of the long service he had given to the company. As per the agreement in his employment contract, Mr Desai continued to receive a salary of R25 000 per month for the entire current year of assessment. Dividends of R18 000 was received from a company based in Germany which was listed on the Johannesburg Stock Exchange (JSE). Mr Desai owns a rent producing property
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