BizTrends 2018


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FP amendments brings relief to some offshore oil & gas rights holders

Offshore oil or gas exploration or production rights holders who applied for their exploration or production right prior to 20 November 2015 now have until 19 February 2024 to comply with the Financial Provisioning Regulations related to these rights...

17 hours ago

Five important things to remember about GDPR

With the large quantities of personal data financial services providers handle, they have had their hands full preparing for the Protection of Personal Information Act (PoPI)...

20 Apr 2018

Companies still fronting through trusts

Companies are still dabbling in fronting through the use of trusts, the Broad-Based Black Economic Empowerment (B-BBEE) Commission says...

18 Apr 2018

Law amendments will strengthen IRBA's mandate

Since the scandals around the accounting and auditing profession erupted last year, the SCoF has recognised the need to strengthen the IRBA oversight powers...

18 Apr 2018

When debt relief causes debt distress

The proposed debt relief measures in the 2017 amendments to section 19 and paragraph 12A of the Eighth Schedule of the Income Tax Act 58 of 1962 (ITA) did not provide much relief to assist companies in financial distress...

By Joon Chong and Wesley Grimm 12 Apr 2018

Minimum wage bill before Parliamentary Portfolio Committee

The Department of Labour says the National Minimum Wage (NMW) Bill and supporting Basic Conditions of Employment and Labour Relations Bills are currently before the Parliamentary Portfolio Committee on Labour, for consideration....

12 Apr 2018

Five things you need to know about the new Financial Sector Conduct Authority

As of 1 April 2018, there is a new sheriff for the South African financial services sector. The Financial Services Board (FSB) has been replaced by the Financial Sector Conduct Authority (FSCA)...

By Shayne Krige 11 Apr 2018

Could regulation stifle fintech innovation?

Ground-breaking technologies are boldly annexing the spaces that are predominantly owned by banks or other financial service providers - changing the face of finance as we know it...

By Patience Panashe 11 Apr 2018

'Once empowered always empowered' victory may be a hollow one

The Chamber of Mines emerged victorious when the High Court ruled last week that South African mining companies arenĀ¹t required to top up black ownership levels if they have previously met the minimum requirements...

9 Apr 2018

PPA signing re-energises renewables programme

Energy Minister, Jeff Radebe, has finally signed the 27 outstanding PPA projects totalling R56bn in round 3.5 and 4 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP)...

5 Apr 2018

Twin Peaks changes financial services landscape

The Twin Peaks regulations will not only have authority over every South African business that offers a financial product or service, but also offer far more protection to consumers...

5 Apr 2018

Audit regulator extends probe into Deloitte's role in Steinhoff crisis back to 2012

The Independent Regulatory Board for Auditors (Irba) has extended its investigation into the role of auditing firm Deloitte in the auditing of Steinhoff financial statements back by two years to 2012...

By Linda Ensor 29 Mar 2018

Call for comment on amended insurance regulations

National Treasury on Friday published the draft amendments to the Regulations in terms of the Long-term Insurance (LTI) and Short-term Insurance (STI) Acts...

27 Mar 2018

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