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 International Sustainability Standards Board (ISSB) has published an Exposure Draft proposing amendments to the SASB Standards and IFRS S2 industry-based guidance to maintain alignment and improve cost-effectiveness for preparers.
South African legal practitioners must balance commercial sustainability with strict regulatory compliance under the Legal Practice Act, No. 28 of 2014, particularly regarding trust account administration and mandate letters.
National Treasury has published proposed amendments to Schedules 2 and 5 of the Financial Sector and Deposit Insurance Levies Act, No. 11 of 2022, for public comment by 8 July 2026. The Long-term Insurance Amendment Bill has been tabled in Parliament to address issues surrounding multiple funeral policies with identical beneficiaries. The Department of Trade, Industry and Competition has published its revised industrial development strategy to address infrastructure backlogs and boost investment.
The Electoral Commission has warned political parties and candidates that using its name, logo, or branding in campaign materials contravenes the Electoral Commission Act, No. 51 of 1996.
The Financial Intelligence Centre has reminded designated accountable institutions to submit their 2026 Risk and Compliance Return (RCR) under Directive 11 of 2026 by the upcoming deadlines in June and July 2026. The South African government is set to intensify workplace inspections and introduce sector-specific employment quotas under the Employment Services Amendment Bill. Cabinet has adopted the Comprehensive Approach for Migration Management, introducing stricter enforcement of immigration and labour laws, dedicated immigration courts, and upcoming transport regulations to curb Traffic Registration Number abuse. The Department of Small Business Development has published a draft policy aimed at developing and revitalising township and rural economies, with public comments open until 17 July 2026. A presidential proclamation has set 1 July 2026 as the commencement date for four remaining sections of the Financial Intelligence Centre Act, No. 38 of 2001. Cabinet has approved the withdrawal of the Draft National Artificial Intelligence (AI) Policy, which was published for public comment in March 2026, to allow for a comprehensive rework of the ethical standards. Cabinet has approved SANRAL's plan to shut down the Gauteng Freeway Improvement Project (GFIP) e-toll system, writing off outstanding debt and resolving historical litigation.
The International Accounting Standards Board has published an Exposure Draft proposing amendments to the IFRS for SMEs Accounting Standard to introduce a consolidation exception for certain intermediate parent companies. National Treasury has called for public comments on the draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill, which was tabled alongside the 2026/27 Budget. The draft South African Police Service Amendment Bill has been submitted to Parliament for information and planning purposes, signaling upcoming reforms in police governance, accountability, and disciplinary procedures. The Department of Science, Technology and Innovation has gazetted draft regulations under the Protection, Promotion, Development and Management of Indigenous Knowledge Act, No. 6 of 2019, introducing biocultural community protocols. Parliament's Portfolio Committees have supported an inter-ministerial plan to address the R110 billion municipal debt crisis owed to Eskom. Parliament's Portfolio Committee on Public Service and Administration has called for the prioritisation of supply chain management officials in lifestyle audits under the Public Service Regulations, 2016. National Treasury has called for public comment on draft amendments to the regulations governing the domestic reverse charge for valuable metals under the Value-Added Tax Act. The Department of Mineral Resources and Energy has adjusted fuel prices under the Petroleum Products Act, effective 3 June 2026, bringing relief to diesel users but raising petrol costs. The Department of Petroleum and Mineral Resources has adjusted the general fuel levy relief and announced updated fuel prices effective from June 2026.
The Minister of Trade, Industry and Competition has gazetted retrospective amendments to South Africa's merger thresholds and filing fees under the Competition Act. The National Assembly’s Communications & Digital Technologies Committee has been briefed on governance challenges within the ICT Sector Charter Council and the ongoing dispute over Equity Equivalent Investment Programmes. An investigation by the Special Investigating Unit (SIU) under Proclamation 123 of 2023 has uncovered R8.3 million in irregular bursary allocations within the Free State Office of the Premier.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.
