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 International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft (ED) 97, proposing non-mandatory guidance on making materiality judgments in public sector financial reporting.
The long-awaited Extradition Bill has been tabled in Parliament, initiating the process to repeal and replace the 1962 Extradition Act in line with constitutional imperatives.
The Special Investigating Unit has secured asset preservation orders, convictions, and arrests totaling over R27 million in connection with COVID-19 TERS fraud. The Department of Employment and Labour has reported a 9% compliance rate among inspected employers under the Employment Equity Act, alongside progress on the Labour Laws Amendment Bill. A Constitutional Court ruling on sections 36 to 40 of the National Health Act has sparked conflicting statements from the Department of Health and Parliament regarding its impact on the National Health Insurance framework. The International Public Sector Accounting Standards Board has issued ED 95, proposing minor improvements to align IPSAS with IFRS. The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 96 (ED 96), proposing amendments to IPSAS 40 regarding the definition of an operation and the recognition of acquired liabilities. The Public Service Commission Bill [B16B-2023] has been passed by both Houses of Parliament and sent to the President for assent, securing the Commission's administrative and financial independence. The Department of Forestry, Fisheries and the Environment is consulting on proposed amendments to NEMA Section 24G regulations regarding administrative fines. The Independent Communications Authority of South Africa (ICASA) has gazetted draft amendments to the radio frequency spectrum and fee regulations under the Electronic Communications Act, No. 36 of 2005. The President has signed the 2025 Immigration Amendment Act and the 2026 South African National Water Resources Infrastructure Agency SOC Ltd Amendment Act into law. Transnet Rail Infrastructure Manager (TRIM) has allocated rail slots to 11 private Train Operating Companies, marking the implementation of third-party access to South Africa’s rail network. The suspended National Police Commissioner has appeared in the Pretoria Magistrate’s Court facing four charges under the Public Finance Management Act, No. 1 of 1999.
National Treasury has published the draft General Public Procurement Regulations, 2026, for public comment in terms of the Public Procurement Act, No. 28 of 2024. National Treasury has published draft regulations for the Public Procurement Tribunal, a key body established under the Public Procurement Act, No. 28 of 2024.
The International Forum of Independent Audit Regulators (IFIAR) has released its 2026 report detailing the impact of AI and data analytics on global audit practices and risk management. ICASA has confirmed that full alignment with B-BBEE equity equivalent programmes for international satellite operators requires amendments to the Electronic Communications Act, No. 36 of 2005. The Department of Forestry, Fisheries & the Environment has called for public comment on a proposed new list of waste management activities under the National Environmental Management: Waste Act, No. 59 of 2008.
The IAASB has proposed the first comprehensive update to ISRE 2410 since 2005, introducing stricter requirements for fraud, going concern, and quality management in interim reviews.
The Independent Regulatory Board for Auditors (IRBA) has released Issue 73 of its quarterly newsletter, detailing regulatory updates, standards developments, and disciplinary outcomes for the first quarter of 2026.
The International Ethics Standards Board for Accountants (IESBA) has initiated a post-implementation review of the NOCLAR standard and the Restructured Code of Ethics. The Minister of Trade, Industry and Competition has indicated that the ongoing review of the Broad-Based Black Economic Empowerment Act may lead to expanded equity and participation requirements. The Department of Justice & Constitutional Development is reviewing the South African Human Rights Commission Act following a Constitutional Court ruling on the Commission's remedial powers. The Department of Trade, Industry & Competition has released draft amendments to the rules regulating the conduct of proceedings within the Competition Commission, specifically targeting the enforcement of merger conditions. The Department of Co-operative Governance & Traditional Affairs has gazetted a draft reviewed White Paper on Local Government for public comment, targeting reforms in governance and financial sustainability.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.
