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About Us

Learn more about Tax Risk Underwriting Managers
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A few words about us

SARS is auditing more taxpayers more often!

Eight years ago, the South African Government introduced new legislation, the Tax Administration Act of 2012. The Act has given SARS draconian powers with potentially serious consequences for taxpayers. It’s not only the tax offenders who wilfully underpay their taxes who are being selected for an audit but the honest taxpayers too.

There is an increased focus on tax revenue collection as SARS has missed its revenue collection target for 6 years in a row. It currently has in excess of an R300 billion tax shortfall.

SARS is understandably under pressure to meet tax collection targets and reduce this shortfall and even if you believe, like most people, that your taxes are up to date and accurate, SARS can still select you for an audit.

It is with this in mind, that a tax risk insurance product has been developed, to assist taxpayers if they are audited by SARS.

Tax Risk Underwriting Managers is underwritten Bryte Insurance Company - one South Africa’s most respected insurers. Together, we give you 100% assurance that we have what it takes to assist you.

Why choose Tax Risk Underwriting Managers

We’re one of a kind

We’re the only specialist tax risk insurance provider in South Africa, able to assist in the event of a SARS’ tax audit and related disputes in South Africa. We understand the real risk individuals, as well as trusts, businesses and their shareholders, face when dealing with SARS and how these risks can adversely affect cash flow and even their livelihoods.

We’re experts in what we do

Our team has extensive industry knowledge and technical expertise in tax legislation and regulation and is passionate about finding ways to solve your tax audit and related dispute problems, so you can focus on building your business.

Responsive to market changes

As our businesses evolve, we continuously re-evalute our strategic position in a changing environment. In support of this, Bryte Insurance Company has now become our primary underwriter.

We’re all about ease of access

We partner with brokers country-wide, making it easy to get Tax Risk Insurance cover for you, your business or your trusts.

Service Excellence

Tax Risk Insurance was established in the United Kingdom over 20 years ago and introduced to the South African market by specialist providers, Qdos and Tax Radar. Qdos and Tax Radar merged in 2014 and out of the combined skills and experience of these two market leaders, Tax Risk Underwriting Managers was born. A product provider with the experience to create a tailor-made offering for South African individuals, businesses and trusts, with the capability to deliver real solutions, service excellence and exceptional value.

Our offering is simple

We provide effective insurance protection in the event of a SARS tax audit or related dispute by SARS at a premium you can afford. Our insurance is simple to understand, has no waiting periods and there are no complicated claim processes.

We’re backed by a giant

Tax Risk Underwriting Managers’ products are underwritten by Bryte Insurance Company - one of South Africa’s most respected insurers, giving you 100% assurance that we have the experience and financial backing to assist you.

Meet the Team

Peter de Smidt
Willem Lombaard
Managing Director
Melanie le Roux
Marketing Director

After many years as an executive director of Insurance Companies, including The Hollard Insurance Company, Hollard Life, Hollard Commercial and General, Lombard Insurance and Infiniti Insurance, Peter now focuses his energy on developing and supporting Specialist Insurance Underwriters.

He loves working and partnering with entrepreneurs, to build successful businesses – something that he has been passionate about throughout his career. His extensive experience in Insurance combined with early careers in Engineering and Merchant Banking, have resulted in a unique mix of skills which are cherished by his Partners.

Peter is a director of a number of companies, as well as serving on the Board of Welgevonden Game Reserve and as chairperson of Logwood Village - both non-profit Organisations - close to his heart.

Peter holds a BSc (Eng)(Civil) from the University of Natal, a BCom (Hon)(Economics) from UNISA, an MBA (First Class) from UCT and a Wharton AMP.

Willem is an insurance professional who has many years’ experience in managing insurance businesses in South Africa. He has held management and director’s positions at various insurance broking, underwriting management and insurance companies. Prior to joining Qdos Underwriting Managers (now Tax Risk Underwriting Managers) he served as Managing Director of a niche short-term insurance company and a life insurance company, whilst also serving a term on the Board of the South African Insurance Association. Willem holds a Communications’ degree from the University of Johannesburg and a Masters in Business Leadership degree from the University of South Africa.

Willem’s broad experience in managing niche insurance businesses provides unique impetus to the execution of Tax Risk Underwriting Managers sustainable growth strategies.

Melanie is a seasoned financial services marketing professional and accredited digital marketer, who has many years’ experience in taking brands to market and working with distribution teams in financial institutions. She has held management and director positions’ in various companies, including running her own marketing consultancy. During her tenure as Head of Marketing for Afrocentric Distribution Services, she was instrumental in the repositioning of Bonitas Medical Fund in 2016. Prior to joining Tax Risk Underwriting Managers, she held the position of MD of a niche short term brokerage focussing on accountants and tax specialists.

Clive Noland
Prof Walter Greach

Clive Noland is the chairperson of Nolands International and Nolands SA, an auditing firm with branches nationally and internationally.

He qualified as a Chartered Accountant at the University of Cape Town where he later lectured in the Commerce Faculty at the University of Cape Town while completing an Honours Degree in Information Technology.

Clive has gained extensive experience through his involvement as an executive and non-executive director in local and international listed, as well as unlisted companies. He was a founder member of the successful SA Prime Property Fund in South Africa and in Germany, he was involved in several closed end Hotel Property funds.

He was instrumental in obtaining the Master franchise for Radisson Hotels in the SADEC region and served as CEO of the group until sold to a listed company.

Walter is an admitted advocate of the High Court of South Africa and a Professor in the Department of Accounting at the University of the Western Cape and subject head of Taxation. He is a Fellow of the University of KwaZulu-Natal and a Fellow of the Chartered Institute of Secretaries, Southern Africa. He served as a senior professor at the university of KZN, based in the Graduate School of Business on the MBA programme.

Walter is a non-executive director of Grindrod Ltd and he is a non-executive director of Grindrod Bank Ltd and a member of the audit committee of both companies. Walter is a non-executive director of GPI Ltd and a member of the audit committee.

Walter has authored/co-authored over 14 books published by Oxford University Press, Juta and Lexis Nexis. The books are extensively used in practice by accountants, consultants, lawyers and financial planners. The books deal with a variety of subjects such as company law, corporate governance, financial accounting, taxation, financial planning and trusts.

Advisory Board

Dr. Daniel N. Erasmus
BA, BProc, H. Dip Tax, Ph.D
Schalk Pieterse
BCom, LLB, Adv Dip Tax

Daniel is an international tax attorney, adjunct Professor of International Tax Law at the Thomas Jefferson School of Law in San Diego, CA and Professor of their African associated,

a US enrolled agent, a US Tax Court Practitioner, and recognised for his work in tax risk management (domestic and international tax of multi-national organisations), international tax, and transfer pricing in Africa. He has published and co-authored several tax books, as well as a doctoral thesis – ‘Information gathering power of SARS and audits & the Constitution’.

Schalk is the co-founder of Pieterse Sellner Erasmus TRM Tax Attorneys.

As Managing Director, he guides a team of tax attorneys and professionals, and is especially equipped to deal with administrative law and constitutional issues over and above the normal Tax law provisions and statutes.

He is a practising tax attorney who specialises in tax dispute resolution, Tax Board and Tax court representation, tax debt management and negotiations, as well as general tax law advice restructuring based on years of experience.

Schalk is co-authoring a book on the Tax Administration Act with international tax expert, Dr Daniel Erasmus. He also lectures in tax law at the Institute of Tax and Finance and is completing his Doctorate in Tax and Constitutional law at Nelson Mandela University.

Interested in getting a Tax Risk Insurance cover?