Draft Amendments to Magistrates’ Courts Rules Published for Comment
Minister Refers MICT SETA Governance Concerns to National Skills Authority
DHA Rolls Out Phase II of Trusted Employer Scheme Amid Government-Wide Digitisation Push
High Court Grants R326m Freezing Order in Tembisa Hospital Fraud Case
Launch of IDAC Oversight Judge Office Clarifies Statutory Mandate
AFU Secures R326m Forfeiture Order in Tembisa Hospital Procurement Fraud Case
IESBA Announces Targeted Ethics Code Update on Firm Culture and Governance
Department of Water and Sanitation Begins Raw Water Tariff Consultations
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A proposed Private Member’s Bill seeks to amend the Constitution of the Republic of South Africa, 1996, to introduce parliamentary oversight and numerical limits on the appointment of Ministers and Deputy Ministers. The Road Accident Fund has adjusted the statutory limit for loss of support and income claims to R373,822.00, effective 31 July 2025, as per Board Notice 813.
The IAASB has released guidance on how the revised standards for going concern and fraud risks reinforce the application of professional skepticism during audits. The Prudential Authority has released a draft directive outlining the phased implementation roadmap for Basel III post-crisis reforms under the Banks Act, No. 94 of 1990.
The International Ethics Standards Board for Accountants (IESBA) has published a summary of feedback from global roundtables concerning firm culture and governance, signaling future amendments to international ethical standards. The Department of Agriculture has issued regulations under the Agricultural Product Standards Act, 1990, governing the classification, packing, and marking of analogue meat products, effective July 2026. The Department of Justice and Constitutional Development has gazetted the terms of reference and regulations for a judicial inquiry into criminality and corruption within South Africa’s criminal justice institutions.
The Independent Regulatory Board for Auditors (IRBA) has released Issue 70 of its quarterly newsletter, outlining strategic legislative reforms and the potential expansion of the regulatory horizon for the auditing profession. National Treasury and the FSCA have published the 2025 policy benefit escalations for health and accident insurance products, effective 1 April 2025. New guidelines under the Mine Health and Safety Act, No. 29 of 1996, establish mandatory frameworks for managing non-communicable diseases and mental health in the mining sector.
The IFRS Foundation has released a new educational module to assist entities in applying Section 7 (Statement of Cash Flows) of the Third Edition of the IFRS for SMEs Accounting Standard. The National Assembly is scheduled to consider a revised version of the National Gambling Amendment Bill on 22 July 2025, following the conclusion of mediation committee deliberations on governance technicalities. The IFRS Foundation has released a new educational module to support the application of Section 2 (Concepts and Pervasive Principles) of the third edition of the IFRS for SMEs Accounting Standard. The Department of Justice & Constitutional Development has gazetted a correction notice for the Legal Services Ombud rules, replacing the version issued on 18 July 2025.
The International Federation of Accountants (IFAC) and the International Public Sector Accounting Standards Board (IPSASB) have released a comprehensive suite of tools to facilitate the transition from cash to accrual accounting under the International Public Sector Accounting Standards (IPSAS).
The IFRS Foundation has published a technical educational module to assist in applying the scope requirements of Section 1 of the third edition of the IFRS for SMEs Accounting Standard. The Presidency has detailed the framework for a 12-month National Dialogue process, scheduled to begin on 15 August 2025, following the 2025/26 budget vote debate.
The South African Revenue Service has issued an updated guide for the determination of medical tax credits, incorporating legislative amendments from the Revenue Laws Second Amendment Act, No. 44 of 2024. The IFRS Foundation has launched four e-learning modules to assist entities in implementing IFRS S1 and IFRS S2 sustainability disclosure standards. The Financial Sector Conduct Authority (FSCA) has issued a notice exempting retail funds from the requirements of section 14(1) of the Pension Funds Act, No. 24 of 1956, regarding amalgamations and transfers. The International Auditing and Assurance Standards Board (IAASB) has released a Fact Sheet to support the implementation of the revised International Standard on Auditing (ISA) 240 regarding fraud responsibilities. The International Auditing and Assurance Standards Board (IAASB) has released the revised International Standard on Auditing (ISA) 240, which strengthens the auditor's role in detecting and reporting fraud. The Rules Board for Courts of Law has invited public comment on draft amendments to the Magistrates’ Courts Rules and the Uniform Rules of Court regarding the calculation of timeframes for filing pleas. Explanatory summaries for the Extradition Bill and the International Co-operation in Criminal Matters Amendment Bill have been gazetted following Cabinet approval on 14 May 2025. The Department of Agriculture has gazetted draft regulations for the transportation of live animals for export by sea, with public comments due by 25 August 2025.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.
