CIPC Issues Guideline on Director Liability and Duties

Posted 21 May 2025

The CIPC has issued Guideline 1 of 2025 under the Companies Regulations 2011, outlining the civil and criminal liabilities directors face for non-compliance with the Companies Act, No. 71 of 2008.

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IAASB Withdraws ISAE 3410 for ISSA 5000

Posted 21 May 2025

The IAASB has confirmed the withdrawal of ISAE 3410, consolidating greenhouse gas assurance into the new ISSA 5000 framework effective December 2026.

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Draft Consumer Goods and Services Industry Code of Conduct Published

Posted 21 May 2025

The Department of Trade, Industry and Competition has invited public comment on the draft Consumer Goods and Services Industry Code of Conduct, issued in terms of the Consumer Protection Act, No. 68 of 2008.

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Mineral & Petroleum Resources Development Amendment Bill: Draft for Comment

Posted 20 May 2025

The Department of Mineral Resources & Energy has released the draft Mineral & Petroleum Resources Development Amendment Bill for public comment, following the publication of a new Critical Minerals and Metals Strategy.

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Banks: Draft Directive on Large Exposures Issued for Comment

Posted 19 May 2025

The Prudential Authority has called for input on a draft directive under the Banks Act, No. 94 of 1990, concerning the approval and measurement of large exposures.

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Draft Trade Policy Directive on Blank Gun Importation

Posted 19 May 2025

The International Trade Administration Commission (ITAC) has published a draft ministerial trade policy directive aimed at regulating the importation of blank guns to prevent their misuse and repurposing.

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RAF Claims Limit Adjusted to R372 824.00

Posted 16 May 2025

The Road Accident Fund has increased the statutory limit for loss of income and loss of support claims to R372 824.00, effective from 31 October 2024.

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Environmental Authorisations: Revised Electricity Transmission Exemption Norms

Posted 16 May 2025

The Department of Forestry, Fisheries and the Environment has released revised draft norms to exempt certain electricity transmission and distribution substation expansions from environmental authorisation requirements.

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NQF: Draft Higher Education & Training Further Amendments Bill

Posted 16 May 2025

The Department of Higher Education and Training has invited public comment on the draft Higher Education & Training Further Amendments Bill, with a deadline of 15 September 2025.

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Draft Amendments to National Dust Control Regulations Published for Comment

Posted 16 May 2025

The Department of Forestry, Fisheries & the Environment has published draft amendments to the National Dust Control Regulations, proposing to repeal the 2013 framework.

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Employer Responsibilities re vaccination in the workplace

Posted 22 June 2021

The Consolidated OHS Direction requires employers, among other things, to decide within 21 days if they intend making vaccination mandatory. An employer is also required to include in its risk assessment whether it intends to make vaccinations compulsory – this consists of three steps.

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Do we need to enhance disclosures in SA audit reports?

Posted 22 June 2021

The IRBA (Independent Regulatory Board for Auditors) has approved the release of the Consultation Paper - Enhancing Disclosures in the Auditor's Reports in South Africa: Addressing the Needs of Users of Financial Statements.

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POPIA: Code of Conduct for BASA

Posted 17 June 2021

The Information Regulator (South Africa) is in receipt of a Code of Conduct from the Banking Association South Africa (BASA) that deals with how personal information will be processed by member banks.

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UIF Contribution Threshold increased

Posted 15 June 2021

The maximum remuneration on which Unemployment Insurance Fund contributions are calculated has increased to R17 712.00 per month, effective from 1 June 2021.

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Who is eligible to be licensed as business rescue practitioners?

Posted 14 June 2021

CIPC has published an updated List of Accredited Professional Bodies whose members are eligible to be licensed as business rescue practitioners as at 9 June 2021.

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Be aware: CIPC is enforcing the Companies Act

Posted 11 June 2021

CIPC has published a settlement agreement to create and raise awareness with all registered companies to adhere and comply with the provisions of the Companies Act 71 of 2008, as amended.

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Competition Commission’s draft guidelines on small merger notification

Posted 10 June 2021

The Competition Commission has released proposed amendments to its guidelines on small merger notification, which are set to take effect after 7 June 2021.

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Taxing Times: What the post-Covid world means for taxes

Posted 18 June 2020

As we enter the post-Covid phase, governments will be forced to adopt pro-growth tax strategies while at the same time working feverishly to recover as much revenue as possible.

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It just got much harder to litigate consumers into bankruptcy

Posted 08 June 2020

After Western Cape High Court gave Standard Bank the boot. 

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A thundering defeat for government over lockdown regulations

Posted 02 June 2020

The Pretoria High Court on Tuesday 2 June 2020 delivered a thundering defeat to government over its "irrational" lockdown regulations, which should open the way for a rapid return to economic normality.

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Banks launch online application portals for Covid-19 SME loans

Posted 13 May 2020

The major banks this week launched their online portals providing loans to small and medium-sized businesses that may not be able to meet their financial obligations during the lockdown and when the economy reopens.

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You don’t qualify for bank assistance? Good, you’ve dodged a bullet

Posted 28 April 2020

The relief packages offered by banks could be the cause of untold legal cases in the months to come.

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30% of SA businesses cannot survive a one-month lockdown

Posted 24 April 2020

We now have a better sense of the impact the lockdown is having on the economy, and it’s not pretty.

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Guide for accountants during lockdown

Posted 23 April 2020

The SA Institute of Business Accountants (Saiba) has issued a guide to its members clarifying what services can be delivered during lockdown.
 

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Ramaphosa announces massive R500 billion coronavirus stimulus programme

Posted 21 April 2020

President Cyril Ramaphosa on Tuesday announced a R500 billion coronavirus stimulus package and sweeping structural reforms to get the economy back on track.

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