SACAP and NPA Partner to Enforce Architectural Profession Act
IFRS Foundation Releases Section 13 Educational Module for Third Edition of IFRS for SMEs
Electronic Communications Amendment Bill: Parliamentary Process Begins
9th SACU Summit to Review Strategic Plan and Customs Modernisation
Proposed JSE Listings Requirements Amendments on Corporate Governance
Ithala SOC Limited: Repayment Progress and Regulatory Updates
Parliament to Finalise 2026 Appropriation Bill and Departmental Budget Votes
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The IFRS Foundation has published a technical educational module to assist in applying the scope requirements of Section 1 of the third edition of the IFRS for SMEs Accounting Standard.
The Presidency has detailed the framework for a 12-month National Dialogue process, scheduled to begin on 15 August 2025, following the 2025/26 budget vote debate.
The South African Revenue Service has issued an updated guide for the determination of medical tax credits, incorporating legislative amendments from the Revenue Laws Second Amendment Act, No. 44 of 2024.
The IFRS Foundation has launched four e-learning modules to assist entities in implementing IFRS S1 and IFRS S2 sustainability disclosure standards. The Financial Sector Conduct Authority (FSCA) has issued a notice exempting retail funds from the requirements of section 14(1) of the Pension Funds Act, No. 24 of 1956, regarding amalgamations and transfers.
The International Auditing and Assurance Standards Board (IAASB) has released a Fact Sheet to support the implementation of the revised International Standard on Auditing (ISA) 240 regarding fraud responsibilities. The International Auditing and Assurance Standards Board (IAASB) has released the revised International Standard on Auditing (ISA) 240, which strengthens the auditor's role in detecting and reporting fraud. The Rules Board for Courts of Law has invited public comment on draft amendments to the Magistrates’ Courts Rules and the Uniform Rules of Court regarding the calculation of timeframes for filing pleas. Explanatory summaries for the Extradition Bill and the International Co-operation in Criminal Matters Amendment Bill have been gazetted following Cabinet approval on 14 May 2025. The Department of Agriculture has gazetted draft regulations for the transportation of live animals for export by sea, with public comments due by 25 August 2025. The Department of Communications & Digital Technologies has extended the deadline for public comment on the draft White Paper on Audio and Audiovisual Media Services (AAVMS) and Online Safety to 26 September 2025.
The International Sustainability Standards Board (ISSB) has released exposure drafts proposing amendments to the SASB Standards and industry-based guidance for IFRS S2.
National Treasury and the Financial Intelligence Centre (FIC) have confirmed that South Africa has substantially addressed all 22 action items in the FATF Action Plan, with an on-site assessment scheduled to determine potential delisting in October 2025. National Treasury and the Financial & Fiscal Commission have flagged significant regulatory conflicts and fiscal risks within the National State Enterprises Bill, specifically regarding its alignment with the Public Finance Management Act. The Department of Basic Education has provided an update to the National Assembly regarding the timeline for drafting regulations and implementation guidelines under the Basic Education Laws Amendment Act, 2024.
The South African Institute of Chartered Accountants (SAICA) has released the updated Medical Schemes Accounting Guide for the financial year ending 31 December 2024, providing essential guidance on IFRS application within the regulatory framework of the Medical Schemes Act.
The Companies and Intellectual Property Commission (CIPC) has notified stakeholders of processing delays affecting the re-instatement of deregistered companies and close corporations. The Companies and Intellectual Property Commission (CIPC) has issued an update regarding processing backlogs for entity re-instatements under the Companies Act and Close Corporations Act. The Companies and Intellectual Property Commission (CIPC) has issued a notice regarding processing delays for company and close corporation re-instatements following deregistration for non-compliance. The President has determined that most sections of the Railway Safety Act, No. 16 of 2024, will come into operation on 1 August 2025. SARS has issued a stakeholder letter detailing the 2025 Personal Income Tax filing season dates and return updates for individuals and trusts. The Department of Transport has called for public comment on draft regulations governing the construction, equipment, and labour welfare of fishing vessels, intended to replace outdated maritime safety standards. The Financial Sector Conduct Authority has invited public comment on draft amendments to the JSE Interest Rate and Currency Derivatives Rules, specifically concerning the introduction of tri-party repurchase transactions. The Standing Committee on Public Accounts (SCOPA) has initiated an oversight enquiry into the Road Accident Fund (RAF) regarding allegations of maladministration and legislative non-compliance. The Department of Forestry, Fisheries & the Environment has issued revised draft regulations for offshore ship-to-ship transfers and bunkering, with a comment deadline of 3 August 2025.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.
