This time last year, none of us had any idea of the whole new world that was on its way. One that would include global lockdowns, Zoombombing, covidiots, closed borders and quarantining...
The Tax Administration Act requires Sars officials to preserve the secrecy of taxpayer information. In the Public Protector v CSARS, the Constitutional Court had to decide whether the Public Protector's subpoena powers trumped those of Sars obligations to keep taxpayers' information secret...
Graeme Palmer 18 hours ago
The Direct Selling Association of South Africa (DSA) is imploring the African Union (AU) to initiate a continent-wide effort to stamp out Ponzi schemes...
The repo rate remains unchanged at 3.5% per annum, South African Reserve Bank governor, Lesetja Kganyago, said during a virtual media briefing on Thursday...
Environmental, social and governance (ESG) integration in the corporate decision-making process is gathering momentum around the world...
Giles White, Elodie Maume, Madelein Burger, Zelda Swanepoel & Kent Davis 21 Jan 2021
A survey reveals that an increasing number of auditors feel threatened or intimidated during the course of their work...
The circular relationship between retail sales, consumer spending and employment in SA means retailers are unlikely to be able to 'sell' themselves out of the situation in which they now find themselves...
Tasmika Ramlakan 20 Jan 2021
The 2021 Futurebanker bursary programme has been launched by the Facilitation Workshop and comprises five bursaries for the Bachelor of Business Administration (BBA) degree...
Know your customer (KYC) procedures are still a work-in-progress in the cryptocurrency industry. But businesses in this space, though still largely unregulated, need to comply with anti-money laundering (AML) legislation or risk facing punitive measures.
James George 20 Jan 2021
Webber Wentzel sees three broad themes emerging in South Africa in 2021, which will require extensive input from the legal profession. These are: changes to the economy and regulation prompted by Covid-19; moves by government and the private sector to stimulate economic recovery; and a greater focus on corporate responsibility and consumer protection.
Jonathan Veeran, Nozipho Mngomezulu and Burton Phillips 19 Jan 2021
If the South African financial industry can learn one thing from Experian's 2020 data breach, it is this: human fallibility is still the weakest link in the fight against cyberattacks...
Yash Pillay 19 Jan 2021
President Cyril Ramaphosa advocates innovative interventions to rebuild the country's Covid-battered economy in his first weekly newsletter of 2021...
The majority of a 15-member panel expects the South Africa Reserve Bank (Sarb) to hold the repo rate this week but over a third (36%) think the bank should cut the rate...
The recent High Court judgment Graspan Colliery v The Commissioner for the South African Revenue Services [2020] could have significant implications for mining operators and their ability to claim diesel refunds...
Prenisha Govender 18 Jan 2021
The Jua Kickstarter Fund has doubled to $2m (R30m). The fund was launched by African industrialist Adam Molai in November 2020 with $1m available for African entrepreneurs...
We all know how quickly things can literally change overnight, particularly since first hearing about the Covid-19 pandemic and subsequent lockdowns....
Riana Grobler 15 Jan 2021
New banking regulations, digital consumers, the eradication of passwords, contactless technology - these are just some of the trends that will shape financial services and payments in 2021...
Gerhard Oosthuizen 14 Jan 2021
The four themes we expect to find traction during 2021 are coronavirus and the vaccines deployed against it; reflation; a global move toward even tighter regulation; and crypto assets, as opposed to only cryptocurrencies...
Andrew Duvenage, 14 Jan 2021
On 4 January 2021, the South African Reserve Bank released Exchange Control Circular No. 1/2021 which provides for the long-awaited relaxation of the South African exchange control rules relating to "loop" structures and investments...
Cor Kraamwinkel, Keith Veitch and Sean Franken 13 Jan 2021
Financial goals are one of the top resolutions that most people have on their cards. However, aligning your financial goals could mean getting back to basics such as having life insurance. After all, your life is more valuable than anything...
MiWayLife 13 Jan 2021
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