Cabinet Approves SANRAL Plan for E-Toll Closure and Debt Write-Off
Draft Rates and Monetary Amounts Bill: Treasury Invites Public Comment
Draft South African Police Service Amendment Bill Submitted to Parliament
Parliament Demands Intergovernmental Action Plan on R110bn Municipal Eskom Debt
Parliament Committee Calls for Prioritised Lifestyle Audits for SCM Officials
Draft VAT Amendments Issued for Valuable Metals Reverse Charge
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National Treasury has outlined a regulatory shift toward municipal fiscal integrity and long-term financial planning in the 2026/27 Budget, while inviting public submissions on the fiscal framework.
The Department of Employment and Labour has signaled its intention to reclassify performers in the advertising, artistic, and cultural sectors as employees rather than independent contractors.
National Treasury has released MFMA Circular No. 132, providing guidance to municipalities on preparing the 2026/27 Medium-Term Revenue and Expenditure Framework (MTREF) in alignment with mSCOA requirements. The Gas Bill was formally tabled in Parliament on 5 March 2025, proposing a comprehensive overhaul of the regulatory framework for South Africa’s gas industry and the repeal of the Gas Act, No. 48 of 2001. The National Council of Provinces (NCOP) has passed the 2025/26 Taxation Laws Amendment Bill, the Tax Administration Laws Amendment Bill, and the Rates & Monetary Amounts & Amendment of Revenue Laws Bill, referring them to the President for assent. The Prudential Authority has released a draft directive proposing amendments to the Banks Act regulations regarding market and credit valuation adjustment risk capital calculations. The National Council of Provinces has passed the South African National Water Resources Infrastructure Agency SOC Ltd Amendment Bill, correcting a technical error to allow for full operationalisation of the Agency. The South African National Roads Agency (SANRAL) has published draft amendments to the 2021 Rest and Service Facility Policy for national roads, inviting public comment until March 2026. The National Energy Regulator of South Africa has published a consultation document for the revised 2026/27 Eskom retail tariff structural adjustment following High Court rulings.
The Financial Intelligence Centre has released updated awareness materials for high-value goods dealers regarding their obligations under the Financial Intelligence Centre Act, No. 38 of 2001.
The International Public Sector Accounting Standards Board (IPSASB) has issued Sustainability Reporting Standard (SRS) 1, mandating climate-related disclosures for the public sector effective 2028. The Rules Board for Courts of Law has gazetted new rules for the Children’s Courts under the Children’s Act, No. 38 of 2005, effective 27 March 2026. The Department of Justice and Constitutional Development has announced the commencement date for the oversight mechanism governing National Prosecuting Authority investigators.
The International Valuation Standards Council (IVSC) has released an Exposure Draft proposing substantive updates to the International Valuation Standards (IVS), including new guidance on AI and sustainability.
The Accounting Standards Board (ASB) has released Exposure Draft 217 (ED 217), proposing substantive amendments to Chapter 7 of the Conceptual Framework regarding the measurement of assets and liabilities in financial statements. The South African Reserve Bank has released a discussion document proposing the replacement of the prime lending rate with the repurchase (repo) rate as the primary reference rate for financial contracts. The Department of Trade, Industry & Competition has gazetted a notice calling for input by 3 March 2026 on plans to place chrome ore under export control.
The Council for Medical Schemes has issued Circular 1 of 2026, extending the deadline for stakeholders to submit comments on proposed auditor rotation and non-audit service restrictions. The South African Law Reform Commission has released five new discussion papers as part of a comprehensive review aimed at modernising the country’s criminal procedure legislation. The Competition Commission has released final guidelines on the pre-merger filing consultation process to improve the efficiency of merger reviews.
The International Accounting Standards Board (IASB) has released the 2026 editions of the IFRS Accounting Standards, incorporating amendments to six standards and new illustrative examples for financial statement uncertainties. The Department of Forestry, Fisheries & the Environment has invited public comment on draft norms and standards for assessing areas that may qualify as Other Effective Area-Based Conservation Measures (OECMs) under the National Environmental Management: Biodiversity Act, No. 10 of 2004. The Department of Forestry, Fisheries & the Environment has gazetted a draft code of conduct for environmental management inspectors, inviting public comment until 15 March 2026. National Treasury has substituted Table A of Schedule 1 to the Financial Sector & Deposit Insurance Levies Act, No. 11 of 2022, updating the levy structure for entities supervised by the Prudential Authority. The Office of the Accounting-General has released an updated Accounting Guideline for GRAP 23, clarifying the treatment of donated non-monetary assets.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.
