Is South Africa ready for a state-owned bank?
Is South Africa ready for a state-owned bank?

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.

By Chantel van Zyl and Rui Lopes 1 hour ago

National minimum wage - no sympathy for non-compliance
National minimum wage - no sympathy for non-compliance

"To not pay the correct wage is a high-risk exercise."

Issued by Junxion Communications 3 hours ago

Rental Tribunal sends clear message to landlords: Don't treat tenants unfairly
Rental Tribunal sends clear message to landlords: Don't treat tenants unfairly

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.

By Wilmien Wicomb 7 hours ago

Countdown to enforcement of amended SA expat tax law
Countdown to enforcement of amended SA expat tax law

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.

By Claudia Aires Apicella 1 day ago

State capture commission set to resume
State capture commission set to resume

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

BizTrendsLIVE! Avoid the FOMO!
BizTrendsLIVE! Avoid the FOMO!

If you haven't got around to booking for the BizTrendsLIVE! yet, here's some info so you avoid FOMO. The face-to-face version of BizTrends, Bizcommunity's annual first-to-market trend report, is not to be missed!

Issued by Bizcommunity.com 2 days ago

#BizTrends2019: Digital, data-driven biometrics
#BizTrends2019: Digital, data-driven biometrics

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.

By Pine Pienaar 2 days ago

The future of competition law reform in South Africa is now
The future of competition law reform in South Africa is now

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.

By Leana Engelbrecht 3 days ago

Have your say on Hate Speech Bill
Have your say on Hate Speech Bill

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

Photo: Global Justice Ecology
Bench Marks warns minister not to poll Xolobeni community on mining

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

#RecruitmentFocus: Call for comment on draft regulations for Employment of Foreign Nationals
#RecruitmentFocus: Call for comment on draft regulations for Employment of Foreign Nationals

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

#BizTrends2019: Unsettling times ahead for employee tax and take-home pay
#BizTrends2019: Unsettling times ahead for employee tax and take-home pay

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.

By Jerry Botha 10 Jan 2019