Anti-money laundering (AML) compliance should not merely be a tick-box exercise for financial institutions, as it not only exposes the organisation to the risk of hefty non-compliance penalties and reputational damages...
Sumit Kumar Sharma 3 days ago
The Competition Commissioner during the Commission's Annual Conference (in November 2020), noted that the Commission will take a "decisive and proactive stance to ensure the balance of economic forces favour a shift to facilitating entry and a more competitive digital economy"...
Burton Phillips 1 Dec 2020
Businesses that have taken steps to comply with the General Data Protection Regulation passed by the EU will also have to be compliant with South Africa's Protection of Personal Information Act by July 2021. Compliance with one does not ensure compliance with the other...
Karl Blom and Ekene Nkado 30 Nov 2020
Many companies were hoping for a B-BBEE break in 2020 as businesses and bottom lines struggled with the burden of Covid-19. Unfortunately, this was not to be the case - and nor will it be in 2021...
Angie Lanham-Love 27 Nov 2020
The South African Informal Traders Alliance has highlighted its acute unhappiness about being excluded from critical policy decisions, laws and planning...
27 Nov 2020
On 29 October 2020, the South African Reserve Bank (Sarb) published an exchange control circular (Circular 15/2020) which in effect reclassifies all remaining foreign debt and derivative instruments as well as exchange traded funds (ETFs) referencing foreign assets, that are inward listed on a South African exchange and are traded and settled in rand, as domestic...
Amina Yuda 26 Nov 2020
Usually when a business is sold, it is a taxable supply that is subject to value added tax (VAT) at the standard rate of 15%. There is, however, a provision in the Value Added Tax Act 89 of 1991 (VAT Act), section 11(1)(e), which allows for the sale of a business at the rate of 0%, provided certain requirements are met...
Graeme Palmer 25 Nov 2020
On 20 November 2020, the FSCA issued a draft Declaration of crypto assets as a financial product (draft Declaration) under the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act)...
Desiree Reddy 24 Nov 2020
A landmark survey of more than 1,500 compliance leaders around the world, including in Africa, has revealed major risks associated with digitalisation, with 41% of those surveyed admitting their organisation has already experienced enforcement investigations...
20 Nov 2020
At the heart of the legendary city of New Orleans stands the four-star Windsor Court Hotel, welcoming guests with stunning views of the Mississippi river and city skyline. When the now infamous Category 5 hurricane, Katrina, hit in August 2005, it caused $125bn in damage...
Marnus Fourie 20 Nov 2020
The Companies and Intellectual Property Commission (CIPC) has announced that the temporary relaxation measures granted to companies during the national lockdown will lapse on 1 December 2020...
Elodie Maume and Candice Meyer 19 Nov 2020
When developing a compliance function from inception, a compliance officer can have paralysis from analysis, especially when there has not been a pre-existing compliance function...
Ezra Pillay 18 Nov 2020
Earlier this year, we published an article discussing some of the key considerations for the construction industry during the global Covid-19 pandemic...
Wihan Meintjes 6 Nov 2020
The Financial Sector Conduct Authority (FCSA) has imposed a R161 million administrative penalty on former Steinhoff chief executive (CEO), Markus Johannes Jooste, for breaching sections of the Financial Markets Act...
2 Nov 2020
Commercial/Civil Litigation Secretary | Cape Town | Smith Attorneys |
Commercial/Civil Litigation Attorney | Cape Town | Smith Attorneys |
Paralegal/Legal Assistant | Pretoria | Business IQ Consulting |
