Draft VAT Amendments Issued for Valuable Metals Reverse Charge
General Fuel Levy Relief Adjusted and June 2026 Fuel Prices Announced
dtic Gazettes Retrospective Competition Act Merger Thresholds and Filing Fees
B-BBEE: Parliamentary Committee Briefed on ICT Sector Transformation and EEIP Dispute
Employment Services Amendment Bill to Introduce R100,000 Fines for Non-Compliance
Mastering Financial Statement Compilation: 2026 Regulatory Guide
CIPC Mandates Black and White Scanning for Document Submissions
CIPC Clarifies Grounds for BRP License Suspension and Revocation
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The General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Bill has been formally introduced in Parliament to address outstanding regulatory deficiencies identified by the FATF.
In terms of the South African Reserve Bank Act, No. 90 of 1989, the Monetary Policy Committee has increased the repurchase rate by 25 basis points to 7.00% per annum. The Department of Trade, Industry and Competition has detailed its strategic implementation mechanisms for South Africa's industrial policy, focusing on export credit support, energy pricing, and transformation. The Department of Small Business Development has gazetted proclamations immediately replacing the schedule to the National Small Business Act, No. 102 of 1996, which prescribes the criteria for classifying enterprises as micro, small, or medium. The Department of Human Settlements has announced a forthcoming MOU with NSFAS to resolve student housing disputes and published the draft Prevention of Illegal Eviction (PIE) Amendment Bill for public comment.
The South African Revenue Service (SARS) has issued an urgent security alert warning taxpayers of a new phishing scam involving fraudulent "Tax Settlement Notifications" designed to steal personal information and solicit illicit payments. The Department of Employment and Labour has gazetted a notice announcing the imminent tabling of the Employment Services Amendment Bill, which will empower the Minister to set quotas for the employment of foreign nationals. The Minister of Trade, Industry and Competition has announced key regulatory and policy shifts under the newly adopted Industrial Development Strategy, including a forthcoming track-and-trace compliance mechanism for consumer goods. The Special Tribunal has granted a preservation order to the SIU, freezing a luxury home linked to businessman Thapelo Samuel Buthelezi following non-compliance with a prior repayment and disclosure order. The Department of Trade, Industry and Competition (the dtic) has reaffirmed its commitment to enforcing public interest conditions under the Competition Act, No. 89 of 1998, to drive localization and black-owned enterprise development.
The Information Regulator has published a draft Gated Access Code of Conduct under the Protection of Personal Information Act, No. 4 of 2013, regulating how personal information is processed at access-controlled premises. The National Energy Regulator of South Africa has published a consultation paper on a new wholesale price methodology designed for the transitional electricity market, with public comments open until 26 June 2026. The National Assembly's Standing Committee on Finance has called for written submissions on the Special Pensions Amendment Bill to address misalignments in the 1996 Act. The Department of Human Settlements has published the Prevention of Illegal Eviction from and Unlawful Occupation of Land Amendment Bill for public comment, with consultations underway ahead of the June 2026 deadline. The Accounting Standards Board has gazetted a notice calling for public comments on three draft standards proposed by the International Public Sector Accounting Standards Board. The Independent Communications Authority of South Africa has gazetted new regulations on dynamic spectrum access and opportunistic spectrum management in the 3800-4200 MHz and 5925-6425 MHz bands. The Department of Electricity & Energy has gazetted a notice calling for public comment on the draft Nuclear Energy Amendment Bill by 21 June 2026. Sections 5, 6, and 19 of the Companies Amendment Act, No. 16 of 2024, will come into effect on 22 May 2026, introducing major changes to remuneration policies and financial statement disclosures. National Treasury will directly deduct outstanding debts from the budget allocations of national and provincial departments that owe billions of Rands to struggling municipalities. Cabinet has approved the Protected Disclosure Bill for public comment, aiming to strengthen protections for whistleblowers and professionals exposing corruption. The National Council of Provinces' Committee on Appropriations has issued a call for written submissions on the 2026/27 Appropriation Bill by 8 June 2026. The Special Investigating Unit has concluded settlement agreements to recover R25 million from contractors linked to irregular COVID-19 decontamination tenders awarded by the Gauteng Department of Education.
An overview of the transition to the IFRS 15 control model for revenue recognition in South Africa, detailing compliance risks under the Companies Act and implications for SMEs.
The International Public Sector Accounting Standards Board (IPSASB) has released a Consultation Paper proposing a new standard to replace IPSAS 1, aiming to enhance public sector financial reporting. The Prudential Authority has called for public comment on a draft directive proposing to exempt certain payment activities from the definition of the 'business of a bank' under the Banks Act.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.
