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Several bills get green light from National Assembly
Several bills get green light from National Assembly

As the fifth Parliament concludes its work in the next few weeks, it is pushing ahead by passing essential laws which are in line with the Constitution's values...

3 days ago

Tanzania’s capital, Dar es Salaam. The country is known for its budgetary problems. Shutterstock
Developing countries would benefit from improved tax collection. What can help

The ability to raise revenues from taxes - called "fiscal capacity" - is a crucial aspect for the functioning of any state...

By Roberto Ricciuti & Antonio Savoia 15 Mar 2019

Mark Kingon, acting Sars commissioner
Kingon reappointed as acting Sars commissioner

Finance Minister Tito Mboweni has reappointed Mark Kingon as acting South African Revenue Service (Sars) commmissioner for a further period of 90 days....

14 Mar 2019

National Assembly approves Division of Revenue Bill
National Assembly approves Division of Revenue Bill

The National Assembly has approved the Division of Revenue Bill and the Financial Matters Amendment Bill...

14 Mar 2019

Bridget King, director, finance & banking at Cliffe Dekker Hofmeyr
New financial law aligns SA with global markets

The revised draft of the Financial Matters Amendment Bill contains an update of the South African Insolvency Act, aligning it with the new laws that regulate the trading of over-the-counter (OTC) derivatives.

14 Mar 2019

Bridget King
Robust regulations on the cards for crypto assets

The South African Reserve Bank (Sarb) and other regulators issued a consultation paper in January which points towards robust regulations for crypto assets...

6 Mar 2019

Image source: Getty/Gallo
Sars turns to payrolls to make up shortfall

Once again, the latest Budget Speech featured a tax revenue shortfall, this time to the tune of R43bn...

By Mariana Stander & Jean du Toit 4 Mar 2019

Petri Greeff, Riscura head of investment advisory and administration
Education and communication are key to understanding retirement default regulations

Following the introduction of the amendments to the Pension Funds Act in September 2017, the deadline to comply with the Act's default regulations is now effective...

1 Mar 2019

Image source: Gallo/Getty
Downgrades, elections and surviving the Zuma era. There's still hope

The latest Budget comes at a difficult time with the elections around the corner, a downgrade hanging in the balance and trying to mop up after nine years of corruption and maladministration...

By Danette Breitenbach 1 Mar 2019

Photo: Kempton Express
Is NHI going to make the SA economy even sicker?

Concerns raised by the Hospital Association of SA (Hasa) over contradictions in the NHI and the Medical Schemes Amendment that could lead to potential job losses has raised the ire of the national health minister...

By Jasson Urbach 27 Feb 2019

Gugu Mjadu
Budget promises to boost SMME eco-system

Plans to make legislative changes to the ambit of the Department of Small Business Development will go a long way to making the entrepreneurial eco-system more conducive for the formation and growth of SMMEs...

25 Feb 2019

The carbon tax is coming, and SA business is not ready
The carbon tax is coming, and SA business is not ready

Are you prepared for carbon tax?...

Issued by Eskilz College 21 Feb 2019

Response to the 2019 Budget Speech
Response to the 2019 Budget Speech

Similar to the 2018 Medium-Term Budget Policy Statement (MTBPS) this budget was very closely watched with many hoping for clarity on the future direction...

By Nico Esterhuizen (FCCA), Issued by ACCA 21 Feb 2019

Professor Jannie Rossouw
South Africa to reach the fiscal cliff by 2042

If South Africa doesn't change its ways and back up the Budget Speech with concrete actions the country will reach the fiscal cliff by 2042...

21 Feb 2019

Craig Pheiffer, chief investment strategist at Absa Stockbrokers and Portfolio Management
#BudgetSpeech2019: Hoping for a great escape

Legendary escapologist Harry Houdini began his career escaping from handcuffs but later went on to dazzle audiences with escapes from large milk cans, his specially designed Chinese water torture cell and buried caskets...

By Craig Pheiffer 18 Feb 2019

Is sugar tax really a health measure or a tax income stream?
Is sugar tax really a health measure or a tax income stream?

The initial consideration behind the sugary beverages levy (SBL) was as a deterrent to reduce lifestyle diseases such as diabetes and obesity, but it's potentially evolving into a money spinner for Sars...

18 Feb 2019

Why cryptocurrency regulation is essential
Why cryptocurrency regulation is essential

With a recent Luno survey quoting a staggering 74% of South African respondents saying they'd like the option to pay for goods with cryptocurrency, the days of an entirely unregulated system are numbered...

15 Feb 2019

Madelein Grobler, project director: tax at Saica
#BudgetSpeech2019: Tips for Tito

Being an election year, there'll be a second State of the Nation Address (Sona) in June for the new government to present its plan of action for the 2020 financial year...

13 Feb 2019

Zak Sivalingum, FNB regional head, Gauteng East
SMEs can avoid costly foreign exchange risks

Thanks to the volatile nature of global currencies, small businesses which participate in international trade could fall victim to costly foreign exchange risks...

12 Feb 2019

Dr Binganidzo Muchara
Will the Budget Speech keep the promises of Sona?

President Cyril Ramaphosa's State of the Nation Address (Sona) theme was "Following up on our commitments. Making your Future Work Better."...

By Binganidzo Muchara 11 Feb 2019

SingularityU South Africa aims to future-proof Africa through the finance sector
SingularityU South Africa aims to future-proof Africa through the finance sector

"Africa needs to come to grips with owning her future. If there is no plan for the future, then it is quite likely that there is no hope for the future." - Dr. Geci Karuri-Sebina...

Issued by Mann Made 7 Feb 2019

Dean de Nysschen, research & investment analyst, Glacier by Sanlam
Section 12J explained

Section 12J has been introduced to the South African Income Tax Act in 2009 - in an effort to afford small- and medium-sized entities equal access to funding in South Africa...

By Dean de Nysschen 4 Feb 2019

Finance Minister, Tito Mboweni. Photo:IFP
What will the budget hold in store for us?

As always, the annual Budget Speech carries trepidation and optimism for taxpayers in equal quantities...

By Nicci Botha 1 Feb 2019

Dr Adrian Saville, chief executive of Cannon Asset Managers
The question every investor should ask

Most investors' first question is, "How much money can I make?" But the accounting scandal at Steinhoff or business fraud at Theranos - and their subsequent share price collapses - highlight that an investor's first consideration should rather be,"How much money can I lose?"

By Adrian Saville 30 Jan 2019

IFWG releases consultation paper on crypto assets
IFWG releases consultation paper on crypto assets

The Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), South African Revenue Service (Sars) and the South African Reserve Bank (Sarb) this week released a consultation paper on crypto assets...

29 Jan 2019

South Africa’s Finance Minister Tito Mboweni (centre) arrives to deliver the mid-term budget statement to Parliament. EPA-EFE/Nic Bothma
South Africa needs a radical rethink about how it runs its economy

Since South Africa adopted an inflation targeting policy regime, there have been growing concerns that its Reserve Bank is being rigid with its sole focus on price stability -- inflation control...

By Matthew Kofi Ocran 29 Jan 2019

Did you hear the Accounting & Finance Show's free registration is open?
Did you hear the Accounting & Finance Show's free registration is open?

Be inspired by the latest technological solutions in accountancy and finance. Hear how theatre themes are changing the finance function forever...

Issued by Terrapinn 28 Jan 2019

Gerhard Greyling
Open banking and its impact on the financial sector

Digitalisation means that people are banking from their mobile phones, making payments via barcode scanning and even in some cases transacting using cryptocurrency...

By Gerhard Greyling 28 Jan 2019

Lesetja Kganyago, governor of South Africa’s central bank. EPA-EFE/Pete Marovich
Explainer: South Africa's central bank - ownership, mandate and independence

In recent months, various debates about the South African Reserve Bank have focused broadly on three aspects - its shareholding, its mandate and its independence...

28 Jan 2019

Section 12J: Putting your tax rands to work for a better South Africa
Section 12J: Putting your tax rands to work for a better South Africa

One of the first entrants to the South African 12J venture capital landscape, Anuva Investments, is celebrating its fourth year of profitable returns to shareholders...

Issued by Luxury Brands 25 Jan 2019

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