The proposed amendments to the South African Banks Act, published on 7 May 2018 for public comment, and expected to be implemented soon, would pave the way for a state-owned bank to be established on equal footing with privately owned banks. The introduction of a state-owned bank would mean that, for the first time, a state-owned entity would be able to participate fully in the retail and commercial banking sector in competition with the private sector in South Africa.
Chantel van Zyl and Rui Lopes 1 hour ago
"To not pay the correct wage is a high-risk exercise."
Junxion Communications 3 hours ago
Zubeida Hendricks is 81 years old. She has lived on Goldsmith Street in Salt River, Cape Town, for 51 years. She shares the house with her son, his wife and two children.
Wilmien Wicomb 7 hours ago
The announcement by National Treasury and Sars in 2017 that the tax exemption on South African expatriates is set to change, has resulted in the lifestyle of many South Africans, who are employed by companies abroad, to rapidly change from a South African tax liability point of view.
Claudia Aires Apicella 1 day ago
The hearings of the Judicial Commission of Inquiry into allegations of State capture, corruption and fraud in the public sector, including organs of State, is set to resume on Wednesday.
2 days ago
The global biometrics market is growing rapidly. In fact, research indicates that the global market is growing a compounded growth rate of 22.9% - and the collective revenue for biometrics worldwide is predicted to reach nearly US$70bn between 2016 and 2025 as biometrics adoption is set to hit mainstream markets very soon.
Pine Pienaar 2 days ago
In July 2018, the Minister of Economic Development, Ebrahim Patel, introduced to Parliament a radical bill aimed at amending the Competition Act, 89 of 1998 (Competition Act). The amendments contained in Competition Amendment Bill are aimed at creating and engaging the substantive provision of the Competition Act by addressing two key structural challenges in the South African economy - the high levels of economic concentration in the economy and its racially skewed ownership profile. Further, the amendments also seek to enhance the policy and institutional framework, and procedural mechanisms for the administration of the Competition Act.
Leana Engelbrecht 3 days ago
Members of the public have until 31 January 2019 to make their voices heard on the Prevention and Combating of Hate Crimes and Hate Speech Bill.
11 Jan 2019
Any survey of residents of Xolobeni about mining commissioned by government will simply amount to intimidation and could be in contravention of a recent ruling of the North Gauteng High Court, according to the Bench Marks Foundation.
11 Jan 2019
Towards the end of 2018, discussions arose around the impending implementation of Section 8 of the Employment Services Act pertaining to the employment of foreign nationals.
10 Jan 2019
The 2019 election year brings the normal risk of some tax populist decisions, including much higher social grants. This will add to the fiscus' pressure, desperate for additional tax revenues. Personal income tax, which is mostly collected from employees, is by far the largest contributor to tax in South Africa. The goose which lays the golden egg is employees, and not corporate taxes or VAT.
Jerry Botha 10 Jan 2019