Accounting for Employee Benefits under IAS 19
A summary of the regulatory requirements for the recognition, measurement, and disclosure of employee benefits as prescribed by International Accounting Standard 19 (IAS 19).-
Western Cape High Court Declares NSFAS Payment Contracts Invalid
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Business Rescue Practitioners: Licence Suspension and Revocation Grounds Gazetted
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FICA Control Regulations Amended to Introduce Cross-Border Tracing Mechanisms
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Public Comment Period Extended for Draft General Public Procurement Regulations
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Pre-2009 Qualifications Remain Valid Under NQF Transitional Directive
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Government details transitional arrangements for NQF qualifications
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CIPC Warns of Penalties for Compliance Checklist Non-Compliance
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A summary of the regulatory requirements for the recognition, measurement, and disclosure of employee benefits as prescribed by International Accounting Standard 19 (IAS 19).SARS IT3(t) Submission Deadline for Trusts
Trustees and entities handling distributions must submit IT3(t) returns to SARS by 30 September 2025 to comply with third-party data reporting requirements.FSCA Invites Comment on JSE Rule Amendments for CSD Naming Conventions
The Financial Sector Conduct Authority (FSCA) has called for public input by 5 September 2025 on draft amendments to the Johannesburg Stock Exchange (JSE) rules regarding central securities depository (CSD) naming conventions.Agricultural Product Standards Amendment Act, 2023: Commencement
The Agricultural Product Standards Amendment Act, No. 12 of 2023, has come into operation, introducing new auditing requirements and refining the definition of management control systems.Foreign Fishing Vessel Entry Regulations Gazetted
The Department of Forestry, Fisheries & the Environment has gazetted new regulations governing the entry of foreign fishing vessels into South African waters, effective immediately.Occupational Health & Safety: Draft General Machinery Regulations
The Department of Employment and Labour has published draft General Machinery Regulations under the Occupational Health and Safety Act, No. 85 of 1993, for public comment.ICASA to Conduct Inquiry into Individual Network Service Licensing
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.IPSASB Launches Technical Issue Submission Portal
The International Public Sector Accounting Standards Board (IPSASB) has introduced a formal online submission process for technical and application issues related to IPSAS.Revenue Laws Amendment Bill: NCOP Calls for Submissions
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.Modern Trust Administration and Compliance Requirements for 2025
A summary of the evolving regulatory landscape for South African trusts, focusing on the Trust Property Control Act, document retention mandates, and SARS compliance.Steel Industry: Proposed Import Surveillance System
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.National Minimum Wage: 2025 Annual Review and Submission Deadline
The National Minimum Wage Commission has commenced its annual review for 2025, extending the deadline for public submissions and questionnaires to 30 September 2025.IAASB: FAQs on ISAE 3000 and ISSA 5000 Transition
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.IAASB Releases ISSA 5000 Extracts for Sustainability Assurance
The IAASB has released specific extracts from ISSA 5000 to assist practitioners in distinguishing between limited and reasonable assurance requirements for sustainability reporting.BCEA: Pension Fund Contribution Exclusion Withdrawal
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.CMS Circular 22 of 2025: Audit Quality Indicators for Medical Schemes
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.Draft 2025/26 Tax Bills and Regulatory Amendments Published for Comment
National Treasury has released the 2025 draft tax Bills and regulations for public comment, including a significant retraction regarding hybrid equity instruments.FSCA Publishes Conduct Standard for Collective Investment Scheme Managers
The Financial Sector Conduct Authority has issued a new conduct standard prescribing governance, operational, and conduct requirements for managers of collective investment schemes.ASB Invites Comments on Draft GRAP for Social Benefit Liability Verification
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.Magistrates' and High Court Rules Amended
The Department of Justice and Constitutional Development has gazetted amendments to the rules of the High Court and Magistrates’ Courts, effective 15 September 2025.FIC: Mandatory Registration Under Correct Schedule 1 Item Numbers
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.General Laws (Family) Amendment Bill Tabled for Public Comment
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.CIPC Automates Re-instatement of Deregistered Companies (Form CoR40.5)
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.Revenue Diversification and Practice Sustainability for Accountants in 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.Sugar Industry: Competition Act Block Exemption for Master Plan Phase 2
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 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.