Beneficial Owners of Financial Institutions: Draft Joint Standard Published for Comment
FIC Directive 10: Mandatory Geographic Location Reporting for Accountable Institutions
General Finance Laws Amendment Bill: Explanatory Summary Gazetted Ahead of Tabling
Draft Amendments to Small Merger Notification Guidelines Published for Comment
SAICA Issues Exposure Draft on Headline Earnings Circular 1/2026
Deputy Commissioners Appointed to the Competition Commission
CIPC Establishes Working Group on ISSB Sustainability Reporting Standards
dtic Outlines Transformation Fund Capitalisation and B-BBEE Compliance Figures
Home Affairs Launches Electronic Travel Authorisation (ETA) System Under Immigration Act
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The Special Tribunal has issued an interim preservation order under Act No. 74 of 1996 freezing R15.75 million in residential properties linked to former PRASA GCEO Lucky Montana.
The Independent Communications Authority of South Africa has gazetted the final National Radio Frequency Plan 2026, establishing spectrum allocations from 8.3 kHz to 3000 GHz and aligning South Africa with global 6G standards. The Department of Employment and Labour has published a draft Code of Good Practice on the Preparation of Employment Equity Plans under the Employment Equity Act, No. 55 of 1998, with public comments invited by 22 September 2026. A multi-departmental enforcement blitz led by the Department of Employment and Labour and the Department of Home Affairs has uncovered widespread statutory non-compliance, leading to director arrests and wage calculations. The Department of Employment and Labour, alongside Home Affairs and SAPS, has launched simultaneous nationwide inspections to enforce compliance with South African labour and immigration legislation.
The CIPC has issued official guidance on the application of sections 30A and 30B of the Companies Act, No. 71 of 2008, following the commencement of the Companies Amendment Act, 2024.
The Staff of the International Ethics Standards Board for Accountants (IESBA) has released new guidance addressing the ethical implications of emerging technologies, including AI, machine learning, and distributed ledger systems. The Presidency has published a National Water Action Plan aimed at reforming municipal water service delivery models and addressing systemic water security and supply failures. The National Assembly Portfolio Committee on Mineral and Petroleum Resources has issued a notice calling for public and stakeholder written submissions on the Mine Health and Safety Amendment Bill. President Cyril Ramaphosa has cleared Gauteng South Director of Public Prosecutions Adv Andrew Chauke to continue in office following an inquiry under section 12(6)(a) of the National Prosecuting Authority Act, No. 32 of 1998. The Department of Justice and Constitutional Development has increased the monetary jurisdiction of Small Claims Courts from R20 000 to R30 000, taking effect on 1 August 2026. The NCOP Select Committee on Security and Justice has called for public written submissions by 7 August 2026 on the Defence Amendment Bill and Military Discipline Supplementary Measures Amendment Bill. The Department of Justice & Constitutional Development has gazetted an increase in the monetary jurisdiction of Small Claims Courts from R20,000 to R30,000, effective 1 August 2026.
The International Accounting Standards Board has published proposed updates to the IFRS Accounting Taxonomy 2025 to enable digital financial reporting for IFRS 20, hyperinflation presentation currency translations, and IFRS 19 disclosure amendments. The KwaZulu-Natal Legislature has adopted the province's R168.2 billion budget for the 2026/27 financial year, while Provincial Treasury has issued a strict 31 July 2026 compliance deadline to non-adopting municipal councils under the MFMA. The Special Tribunal has set aside a R4.7 million grant awarded by the National Lotteries Commission to the Mshandukani Foundation, ordering the full recovery of funds plus interest following an SIU investigation. The Office of the IDAC Oversight Judge has confirmed receipt of complaints regarding IDAC Head Advocate Andrea Johnson, to be assessed under its statutory framework. The Department of Home Affairs has announced key operational deadlines for the Trusted Employer Scheme and outlined updates to the Electronic Travel Authorisation system and Smart ID rollouts. The Department of Justice and Constitutional Development has published draft amendments to the Magistrates’ Courts Rules regarding the revival of a rule nisi.
The IAASB has published guidance on applying materiality under ISSA 5000 for sustainability assurance engagements, effective for periods beginning on or after 15 December 2026. Governance and leadership concerns involving the Accounting Authority and executive management of the MICT SETA have been referred to the National Skills Authority for a rapid assessment under the Skills Development Act. The Department of Home Affairs has launched Phase II of the Trusted Employer Scheme alongside ongoing cross-departmental implementation of the Roadmap for the Digital Transformation of Government. The Gauteng High Court has granted a R326 million asset freezing order under the Prevention of Organised Crime Act, targeting assets linked to the R2 billion Tembisa Hospital tender fraud. The Department of Justice and Constitutional Development has launched the Office of the IDAC Oversight Judge under the National Prosecuting Authority Act. The Asset Forfeiture Unit has secured a R326 million forfeiture order under the Prevention of Organised Crime Act against assets linked to procurement fraud at Tembisa Hospital.The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.
