Draft Insourcing Bill Submitted to Parliament
A draft Insourcing Bill has been submitted to Parliament, proposing a framework for organs of state to insource services currently provided by external contractors.-
Draft VAT Amendments Issued for Valuable Metals Reverse Charge
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General Fuel Levy Relief Adjusted and June 2026 Fuel Prices Announced
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dtic Gazettes Retrospective Competition Act Merger Thresholds and Filing Fees
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B-BBEE: Parliamentary Committee Briefed on ICT Sector Transformation and EEIP Dispute
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Employment Services Amendment Bill to Introduce R100,000 Fines for Non-Compliance
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Mastering Financial Statement Compilation: 2026 Regulatory Guide
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CIPC Mandates Black and White Scanning for Document Submissions
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CIPC Clarifies Grounds for BRP License Suspension and Revocation
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A draft Insourcing Bill has been submitted to Parliament, proposing a framework for organs of state to insource services currently provided by external contractors.International Co-operation in Criminal Matters Amendment Bill: Draft Submitted to Parliament
A draft Amendment Bill to the International Co-operation in Criminal Matters Act, No. 75 of 1996, has been submitted to Parliament following Cabinet approval on 14 May 2025.Banks Act: Regulation 23 Credit Risk Amendments Gazetted
National Treasury has gazetted substantive amendments to Regulation 23 of the Banks Act, No. 94 of 1990, revising credit risk exposure measurement requirements effective 1 July 2025.ASB Issues Updated FAQs on Standards of GRAP
The Accounting Standards Board (ASB) has released updated Frequently Asked Questions (FAQs) regarding the Standards of Generally Recognised Accounting Practice (GRAP), incorporating new research on asset and liability measurement.National Treasury: Updated FAQs for 2024/25 Modified Cash Standard
The National Treasury Office of the Accountant-General has released updated FAQs to guide national and provincial departments in preparing 2024/25 financial statements under the Modified Cash Standard.National Treasury Issues Modified Cash Standard for 2025/26 and 2026/27
The Office of the Accountant-General has released the Modified Cash Standard for the 2025/26 and 2026/27 financial years, as required by the Public Finance Management Act, No. 1 of 1999.SAICA Issues Tax Guide for Communal Property Associations
The South African Institute of Chartered Accountants (SAICA) has released a comprehensive guide detailing the tax obligations of Communal Property Associations (CPAs) and their members under existing general tax principles.DTIC Developing Omnibus Bill to Improve Ease of Doing Business
The Department of Trade, Industry and Competition is preparing a General Laws Amendment Bill aimed at streamlining business regulations, with a decision on the scope of the legislation expected by late 2025.PPRA 2025 Trust Account Audit Report Submission Deadlines
The Property Practitioners Regulatory Authority (PPRA) has confirmed that no extensions will be granted for the submission of 2025 trust account audit reports for practitioners with a February year-end.IODSA Guidelines: Audit Committee Fraud Risk Assessment
The Institute of Directors in South Africa (IoDSA) has highlighted updated guidelines for Audit Committees regarding the assessment and response to fraud risks, focusing on the fraud triangle of incentives, opportunities, and attitudes.IoDSA Guidance: Audit Committee Oversight of Risk
The Institute of Directors South Africa (IoDSA) has re-emphasised the role of the Audit Committee in risk management, focusing on sustainability and external factors.IoDSA Guidance: Audit Committee Oversight of Risk [abb465]
The Institute of Directors South Africa (IoDSA) has clarified the Audit Committee’s role in risk oversight under the Companies Act and King IV.SAICA Updates Enhanced Auditor Reporting (EAR) Example Reports
SAICA has updated its repository of example audit reports for Public Interest Entities (PIEs) to assist auditors in complying with the IRBA Enhanced Auditor Reporting (EAR) Rule.Mine Health & Safety: New Guidelines for Fire and Change Management Codes of Practice
The Department of Mineral Resources and Energy has issued mandatory guidelines for the compilation of codes of practice regarding fire prevention and change management under the Mine Health and Safety Act, 1996.DPCI Personnel Regulation Amendments Gazetted
The Department of Police has gazetted amendments to the regulations governing personnel requirements for the Directorate for Priority Crime Investigation (DPCI), effective immediately.Municipal Police: New Crowd Management and Arrest Standards Gazetted
The Department of Police has gazetted new standards for municipal police services regarding crowd management and the arrest and treatment of persons, repealing all previous iterations.Legal Sector Code Charter Council to Monitor Briefing Patterns
The Legal Sector Code Charter Council, established in March 2025, has begun monitoring briefing patterns to ensure compliance with the B-BBEE Legal Sector Code of Good Practice.SAICA Releases Updated Guide to Artificial Intelligence
SAICA has updated its Difference Makers’ Guide to Artificial Intelligence, offering practical insights and regulatory considerations for accountants and auditors using emerging technologies.IESBA Issues Staff Q&As on International Ethics Standards for Sustainability Assurance (IESSA)
The International Ethics Standards Board for Accountants (IESBA) has released a Staff Questions & Answers publication to support the implementation of the International Ethics Standards for Sustainability Assurance (IESSA).IAASB and IESBA Issue Joint FAQs on Sustainability Assurance Standards
The IAASB and IESBA have released joint FAQs to support the interoperability of ISSA 5000 and the International Ethics Standards for Sustainability Assurance (IESSA).Proposed IRBA Code Revisions for Sustainability Assurance
The Independent Regulatory Board for Auditors (IRBA) has released an Exposure Draft proposing significant revisions to the Code of Professional Conduct to incorporate ethics and independence standards for sustainability assurance.CIPC Releases Draft Data Models for IFRS 2025 Taxonomy Update
The Companies and Intellectual Property Commission (CIPC) has published draft data models aligned with the IFRS 2025 Taxonomy and a proposed sustainability extension for public review.CIPC Updates B-BBEE Registration Platform for EMEs
The CIPC has introduced technical enhancements to its B-BBEE registration platform, incorporating Sector Charter Councils, SIC codes, and specific distinctions for non-South African Black ownership.South Africa Moves Toward FATF Greylist Exit Following Plenary Determination
The Financial Action Task Force (FATF) has made an initial determination that South Africa has substantially completed its action plan to address anti-money laundering and counter-terrorist financing deficiencies.Submissions Invited on South African Reserve Bank Amendment Bill
The Standing Committee on Finance has issued a call for written submissions regarding the South African Reserve Bank Amendment Bill, which proposes the full nationalisation of the central bank.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.