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The Financial Intelligence Centre has released a final compliance communication clarifying the scope and application of the term ‘credit provider’ as defined in Item 11 of Schedule 1 to the Financial Intelligence Centre Act, No. 38 of 2001. The Accounting Standards Board (ASB) has called for public comment on draft limited-scope amendments to the conceptual framework for general purpose financial reporting, focusing on asset and liability measurement. A notice has been gazetted announcing the intention to introduce a Bill to repeal section 235 of the Constitution of the Republic of South Africa, 1996, which provides for the right to self-determination of specific communities. The South African Law Reform Commission has released two additional discussion documents as part of its comprehensive review of the Criminal Procedure Act, No. 51 of 1977, with a deadline for submissions set for 15 May 2026. The Department of Agriculture has gazetted draft regulations under the Preservation & Development of Agricultural Land Act, 2024, for public comment until 26 May 2026.
The Companies and Intellectual Property Commission (CIPC) has announced the mandatory transition to the Customer Enquiry Management System (CEMS) for all regulatory and disclosure queries. Two private member's bills have been introduced in Parliament to amend the Public Procurement Act, No. 28 of 2024, proposing significant changes to BEE requirements and anti-corruption measures.
The Financial Intelligence Centre has released draft Public Compliance Communication 5E for comment, detailing new registration requirements for accountable institutions regarding the geographic locations of their branches and subsidiaries. The Prudential Authority has released a draft directive under the Banks Act, No. 94 of 1990, proposing new auditing and reporting requirements for issuer special purpose institutions to enhance risk monitoring of securitisation schemes. The Department of Basic Education has published draft regulations for the management of learner pregnancy, prohibiting punitive actions and requiring schools to implement specific support frameworks. ICASA has issued a notice requesting public input on the renewal of the South African Post Office's 25-year reserved postal services licence, following a ministerial directive to review SAPO's exclusivity rights. The Financial Intelligence Centre has updated the Targeted Financial Sanctions list to reflect recent changes by the United Nations Security Council. National Treasury has introduced a municipal financial management and service delivery reform measure targeting South Africa’s metropolitan municipalities and infrastructure spending protocols. The Financial Intelligence Centre has released draft Directive 11 for public comment, detailing mandatory risk and compliance return (RCR) submissions for 2026. The Financial Intelligence Centre has issued guidance on the mandatory identification and verification of beneficial owners under section 21B of the Financial Intelligence Centre Act, No. 38 of 2001. The Financial Intelligence Centre (FIC) has released Draft Public Compliance Communication 123 (Draft PCC 123) providing guidance on the implementation of the ‘Travel Rule’ for Crypto Asset Service Providers (CASPs). The Financial Intelligence Centre has published Draft Public Compliance Communication 122 to provide guidance on the obligations of Special Purpose Vehicles under the FIC Act. National Treasury has gazetted a ministerial proclamation linking the commencement of traveller declaration provisions in the Tax Administration Laws Amendment Act, No. 18 of 2023, with cash conveyance reporting under FICA. The Financial Intelligence Centre has released a draft compliance communication for comment, clarifying the registration of geolocation data for branches and subsidiaries of accountable institutions.
The Compensation for Occupational Injuries and Diseases Amendment Act, 2022, introduces significant changes to employer compliance, including the recognition of PTSD as an occupational disease and stricter administrative penalties.
The Independent Regulatory Board for Auditors (IRBA) has published its 2025 Public Inspections Report, detailing findings from the second year of its ninth inspections cycle and highlighting recurring deficiencies in audit quality. The Special Pensions Amendment Bill [B11-2024] has been formally introduced in Parliament to address implementation misalignments within the Special Pensions Act, No. 69 of 1996.
The Office of the Accountant General has published the Annual Report Guide and templates for departments and public entities for the reporting period ending 31 March 2026. The Minister of Mineral and Petroleum Resources has announced that regulations to operationalise the Upstream Petroleum Resources Development Act, No. 23 of 2024, are expected to be gazetted by the end of October 2024. The Department of Co-operative Governance & Traditional Affairs has called for public comment on draft amendments to the regulations under the Intergovernmental Relations Framework Act, No. 13 of 2005, focusing on the District Development Model.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.
