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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The Minister of Communications and Digital Technologies has directed ICASA to conduct an inquiry into the merits of licensing individual electronic communications network service providers.
The International Public Sector Accounting Standards Board (IPSASB) has introduced a formal online submission process for technical and application issues related to IPSAS. The NCOP Select Committee on Finance is seeking public comment on the Revenue Laws Amendment Bill, focusing on seeding amount calculations for the two-pot retirement system.
A summary of the evolving regulatory landscape for South African trusts, focusing on the Trust Property Control Act, document retention mandates, and SARS compliance. The Department of Trade, Industry and Competition has gazetted a notice calling for comments on a proposed import surveillance system for the steel and stainless steel industry under the Customs & Excise Act. The National Minimum Wage Commission has commenced its annual review for 2025, extending the deadline for public submissions and questionnaires to 30 September 2025.
The International Auditing and Assurance Standards Board (IAASB) has issued a Frequently Asked Questions (FAQ) document clarifying the transition from ISAE 3000 (Revised) to the new International Standard on Sustainability Assurance (ISSA) 5000. The IAASB has released specific extracts from ISSA 5000 to assist practitioners in distinguishing between limited and reasonable assurance requirements for sustainability reporting. The Department of Employment & Labour has announced its intention to withdraw the 2003 exclusion regarding payment timeframes for benefit fund contributions under the Basic Conditions of Employment Act.
The Council for Medical Schemes has issued Circular 22 of 2025, proposing Audit Quality Indicators for the appointment of auditors under the Medical Schemes Act. National Treasury has released the 2025 draft tax Bills and regulations for public comment, including a significant retraction regarding hybrid equity instruments. The Financial Sector Conduct Authority has issued a new conduct standard prescribing governance, operational, and conduct requirements for managers of collective investment schemes. The Accounting Standards Board (ASB) has issued a call for public comment on a draft Standard of Generally Recognised Accounting Practice (GRAP) concerning the verification of social benefit liabilities. The Department of Justice and Constitutional Development has gazetted amendments to the rules of the High Court and Magistrates’ Courts, effective 15 September 2025.
The Financial Intelligence Centre has issued a notice reminding accountable institutions of their obligation to register under the correct item numbers in Schedule 1 of the Financial Intelligence Centre Act, No. 38 of 2001. The National Assembly’s Portfolio Committee on Justice and Constitutional Development has called for public submissions on the General Laws (Family) Amendment Bill, which seeks to align matrimonial and divorce legislation with recent Constitutional Court rulings.
The Companies and Intellectual Property Commission (CIPC) has announced the full automation of the Application for Re-instatement of Deregistered Company (Form CoR40.5), effective 11 August 2025.
South African accounting practices are transitioning toward value-based pricing and digital-first operations to align with evolving professional standards and ensure long-term sustainability. The Department of Trade, Industry & Competition has gazetted a block exemption under the Competition Act to support Phase 2 of the sugar industry master plan. The Department of Trade, Industry and Competition has withdrawn proposed draft amendments to regulations under the National Credit Act, No. 34 of 2005, to allow for further stakeholder consultation.
The Independent Regulatory Board for Auditors (IRBA) has issued a new guideline to assist the Enforcement and Disciplinary Committees in determining appropriate monetary fines for Registered Auditors found guilty of improper conduct. The Department of Trade, Industry & Competition has gazetted a draft block exemption under the Competition Act, No. 89 of 1998, to support export promotion and mitigate tariff impacts.
The FSCA and SARB have released Joint Communication 2 of 2025, providing best practices for financial institutions on cloud computing and data offshoring.
The International Ethics Standards Board for Accountants (IESBA) has released a staff alert detailing the ethics and independence obligations for accounting firms undergoing private equity investment. The Legal Practice Council has gazetted proposed amendments to the rules governing the filling of vacancies within provincial councils, specifically addressing by-election procedures.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.
