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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Sections 5, 6, and 19 of the Companies Amendment Act, No. 16 of 2024, will come into effect on 22 May 2026, introducing major changes to remuneration policies and financial statement disclosures.
National Treasury will directly deduct outstanding debts from the budget allocations of national and provincial departments that owe billions of Rands to struggling municipalities. Cabinet has approved the Protected Disclosure Bill for public comment, aiming to strengthen protections for whistleblowers and professionals exposing corruption. The National Council of Provinces' Committee on Appropriations has issued a call for written submissions on the 2026/27 Appropriation Bill by 8 June 2026. The Special Investigating Unit has concluded settlement agreements to recover R25 million from contractors linked to irregular COVID-19 decontamination tenders awarded by the Gauteng Department of Education.
An overview of the transition to the IFRS 15 control model for revenue recognition in South Africa, detailing compliance risks under the Companies Act and implications for SMEs.
The International Public Sector Accounting Standards Board (IPSASB) has released a Consultation Paper proposing a new standard to replace IPSAS 1, aiming to enhance public sector financial reporting. The Prudential Authority has called for public comment on a draft directive proposing to exempt certain payment activities from the definition of the 'business of a bank' under the Banks Act. The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft (ED) 97, proposing non-mandatory guidance on making materiality judgments in public sector financial reporting. The long-awaited Extradition Bill has been tabled in Parliament, initiating the process to repeal and replace the 1962 Extradition Act in line with constitutional imperatives. The Special Investigating Unit has secured asset preservation orders, convictions, and arrests totaling over R27 million in connection with COVID-19 TERS fraud. The Department of Employment and Labour has reported a 9% compliance rate among inspected employers under the Employment Equity Act, alongside progress on the Labour Laws Amendment Bill. A Constitutional Court ruling on sections 36 to 40 of the National Health Act has sparked conflicting statements from the Department of Health and Parliament regarding its impact on the National Health Insurance framework. The International Public Sector Accounting Standards Board has issued ED 95, proposing minor improvements to align IPSAS with IFRS. The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 96 (ED 96), proposing amendments to IPSAS 40 regarding the definition of an operation and the recognition of acquired liabilities. The Public Service Commission Bill [B16B-2023] has been passed by both Houses of Parliament and sent to the President for assent, securing the Commission's administrative and financial independence. The Department of Forestry, Fisheries and the Environment is consulting on proposed amendments to NEMA Section 24G regulations regarding administrative fines. The Independent Communications Authority of South Africa (ICASA) has gazetted draft amendments to the radio frequency spectrum and fee regulations under the Electronic Communications Act, No. 36 of 2005. The President has signed the 2025 Immigration Amendment Act and the 2026 South African National Water Resources Infrastructure Agency SOC Ltd Amendment Act into law. Transnet Rail Infrastructure Manager (TRIM) has allocated rail slots to 11 private Train Operating Companies, marking the implementation of third-party access to South Africa’s rail network. The suspended National Police Commissioner has appeared in the Pretoria Magistrate’s Court facing four charges under the Public Finance Management Act, No. 1 of 1999.
National Treasury has published the draft General Public Procurement Regulations, 2026, for public comment in terms of the Public Procurement Act, No. 28 of 2024. National Treasury has published draft regulations for the Public Procurement Tribunal, a key body established under the Public Procurement Act, No. 28 of 2024.
The International Forum of Independent Audit Regulators (IFIAR) has released its 2026 report detailing the impact of AI and data analytics on global audit practices and risk management. ICASA has confirmed that full alignment with B-BBEE equity equivalent programmes for international satellite operators requires amendments to the Electronic Communications Act, No. 36 of 2005.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.
