Financial Sector Regulation: Status of COFI Bill Tabling in Parliament
IASB Releases Educational Module 29 on Income Tax for IFRS for SMEs
Competition Commission: Input Sought on Draft Guidelines for Technical Goods Aftermarkets
Electricity Sector Market Transformation Position Paper Gazetted
President Authorises SIU Investigation into Theewaterskloof Municipality
SARS Calls for Public Comment on VAT Modernisation Consultation Paper
National Treasury Releases Discussion Paper on Centralised Unclaimed Assets
Prudential Authority Issues Draft Directives on FLAC Debt Investments
Judicial Service Commission: Comment Sought on Revised Selection and Breach Procedures
Draft Legal Practice Amendment Bill Published for Public Comment
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The Accounting Standards Board (ASB) has released Exposure Draft 217 (ED 217), proposing substantive amendments to Chapter 7 of the Conceptual Framework regarding the measurement of assets and liabilities in financial statements.
The South African Reserve Bank has released a discussion document proposing the replacement of the prime lending rate with the repurchase (repo) rate as the primary reference rate for financial contracts. The Department of Trade, Industry & Competition has gazetted a notice calling for input by 3 March 2026 on plans to place chrome ore under export control.
The Council for Medical Schemes has issued Circular 1 of 2026, extending the deadline for stakeholders to submit comments on proposed auditor rotation and non-audit service restrictions. The South African Law Reform Commission has released five new discussion papers as part of a comprehensive review aimed at modernising the country’s criminal procedure legislation. The Competition Commission has released final guidelines on the pre-merger filing consultation process to improve the efficiency of merger reviews.
The International Accounting Standards Board (IASB) has released the 2026 editions of the IFRS Accounting Standards, incorporating amendments to six standards and new illustrative examples for financial statement uncertainties. The Department of Forestry, Fisheries & the Environment has invited public comment on draft norms and standards for assessing areas that may qualify as Other Effective Area-Based Conservation Measures (OECMs) under the National Environmental Management: Biodiversity Act, No. 10 of 2004. The Department of Forestry, Fisheries & the Environment has gazetted a draft code of conduct for environmental management inspectors, inviting public comment until 15 March 2026. National Treasury has substituted Table A of Schedule 1 to the Financial Sector & Deposit Insurance Levies Act, No. 11 of 2022, updating the levy structure for entities supervised by the Prudential Authority.
The Office of the Accounting-General has released an updated Accounting Guideline for GRAP 23, clarifying the treatment of donated non-monetary assets. The Office of the Accounting-General has released an updated Accounting Guideline for GRAP 1, providing new clarifications on the classification of investments based on substance over form. The 2026 State of the Nation Address has outlined the government’s legislative priorities, focusing on the expected passage of two major bills currently before Parliament and broader sectoral policy reforms. Parliament’s Joint Committee on Ethics & Members’ Interests is seeking submissions on a draft proclamation to amend the Executive Members’ Ethics Code. The President has signed three fiscal Bills into law, including the Adjustments Appropriation Act, 2025/26, following the Medium Term Budget Policy Statement.
The South African Institute of Chartered Accountants (SAICA) has released a new guideline under the 2026 Training Regulations governing the ethical use of Artificial Intelligence by trainees when completing assessment documents. The National Petroleum Company Bill has been tabled in Parliament to formally constitute the South African National Petroleum Company (SANPC) and provide for the transfer of assets and personnel from existing state energy entities. The Department of Social Development has issued proposals to extend the Social Relief of Distress grant until 31 March 2027, maintaining the current R370 monthly rate. The Legal Practice Council has gazetted a new rule establishing a Council-facilitated nomination model for legal practitioners serving on the Judicial Service Commission. The South African Institute of Chartered Accountants (SAICA) has released the 2026 Training Regulations and updated fee schedules for Registered Training Offices, effective from 1 January 2026. The National Treasury has released the updated GRAP Accounting and Disclosure Checklist for the 2026/2027 financial year to assist public sector entities with compliance. The Department of Trade, Industry & Competition has called for public comment on the third set of draft amendments to the National Gambling Regulations, 2004. The Department of Forestry, Fisheries and the Environment has announced that the submission and processing of pollution prevention plans for the 2026-2030 period will only commence once the new Carbon Budget and Mitigation Plan Regulations are finalised.
The Financial Intelligence Centre has released a summary of its operational mandate and collaborative role in combating financial crime under the Financial Intelligence Centre Act. The National Assembly’s Portfolio Committee on Communications & Digital Technologies has been briefed on proposed funding models for the South African Broadcasting Corporation SOC LTD Bill.The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.
