Communal Property Associations: Draft Regulations to Replace 1996 Framework

Posted 08 August 2025

The Department of Agriculture, Land Reform & Rural Development has published draft regulations under the Communal Property Associations Act, No. 28 of 1996, with the comment period extended to 16 November 2025.

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IESBA Releases List of Prohibitions for PIEs under IESSA

Posted 08 August 2025

The International Ethics Standards Board for Accountants (IESBA) has issued a list of specific prohibitions for Public Interest Entities (PIEs) under the International Ethics Standards for Sustainability Assurance (IESSA).

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IESBA Releases Comparison of IESSA and IESBA Code

Posted 08 August 2025

The International Ethics Standards Board for Accountants (IESBA) has issued a staff publication comparing the International Ethics Standards for Sustainability Assurance (IESSA) with the existing IESBA Code of Ethics to support practitioners in sustainability assurance engagements.

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Banks Act: Draft Directive on Board Independence Issued

Posted 07 August 2025

The Prudential Authority has released a draft directive under the Banks Act, No. 94 of 1990, outlining new requirements for board independence and the appointment of independent non-executive directors as committee chairs.

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Repeal of South African Airways SOC Limited Bill to be Withdrawn

Posted 07 August 2025

Cabinet has approved the removal of the Repeal of South African Airways (SAA) SOC Limited Bill from Parliament following the collapse of negotiations for a strategic equity partnership.

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IFRS Foundation Issues Guidance on IFRS S2 Transition Plan Disclosures

Posted 07 August 2025

The IFRS Foundation has published new implementation guidance for climate-related transition plan disclosures under IFRS S2.

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BELA Act: Draft Regulations on Learner Admissions and School Capacity

Posted 06 August 2025

The Department of Basic Education has published two sets of draft regulations regarding learner admissions and school infrastructure capacity, with the public comment period extended to 5 January 2026.

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FATF Concludes On-Site Visit for South Africa Greylisting Review

Posted 06 August 2025

The National Treasury and the Financial Intelligence Centre (FIC) have confirmed the completion of the Financial Action Task Force (FATF) on-site assessment, a final step before the October 2025 decision on South Africa’s greylisting status.

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National Treasury: Draft 2025/26 Accounting Manuals for Departments

Posted 05 August 2025

The National Treasury has released the draft Accounting Manuals for Departments (AMD) for the 2025/26 financial year for public comment.

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National Treasury: Proposed Changes to AFS Annexure 5

Posted 05 August 2025

The National Treasury has released proposed amendments to Annexure 5 of the Annual Financial Statements template for government departments for public comment.

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Financial Sector: Cloud Computing and Disaster Risk Financing Developments

Posted 04 August 2025

The FSCA, PA, and National Treasury have released new directives and strategies concerning cloud computing risk mitigation and disaster response financing frameworks.

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Draft Constitution Amendment Bill: Eligibility for Public Office

Posted 01 August 2025

A draft Constitution Amendment Bill has been gazetted for public comment, proposing to bar individuals removed from office for misconduct from serving in legislative bodies.

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AARTO Commencement Proclamations Withdrawn

Posted 01 August 2025

Presidential proclamations and implementing regulations for the AARTO Act and its 2019 Amendment Act have been withdrawn, suspending the planned national rollout.

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Draft Carbon Budgeting and Emission Mitigation Regulations Published

Posted 01 August 2025

The Department of Forestry, Fisheries & the Environment has published draft regulations and technical guidelines for greenhouse gas carbon budgeting and emissions mitigation planning under the Climate Change Act, No. 22 of 2024.

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IASB Issues Revised IFRS Practice Statement 1 Management Commentary

Posted 01 August 2025

The International Accounting Standards Board has released a revised Practice Statement to align management commentary with global sustainability reporting and investor needs.

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IASB: Post-Implementation Review of IFRS 16 (Leases)

Posted 01 August 2025

The International Accounting Standards Board has issued a Request for Information as part of its Post-Implementation Review of IFRS 16 (Leases).

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National Treasury Issues 2026 MTEF Technical Guidelines

Posted 31 July 2025

National Treasury has released the 2026 Medium Term Expenditure Framework (MTEF) Technical Guidelines, introducing a new mechanism for identifying and removing underperforming programmes.

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Parliamentary Bill Tracker: 32 Bills Under Consideration (July 2025)

Posted 31 July 2025

Parliament is currently processing 32 Bills, including the Revenue Laws Amendment Bill which remains before the National Council of Provinces.

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Public Comment Opportunities: August 2025 Legislative Proposals

Posted 31 July 2025

National government proposals and new legislation remain open for public comment throughout August 2025, providing a window for stakeholders to influence draft regulatory frameworks.

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PCAOB Issues Audit Focus on Auditing Accounting Estimates

Posted 31 July 2025

The Public Company Accounting Oversight Board (PCAOB) has released a new Audit Focus resource to assist auditors, particularly those in smaller firms, with the complexities of auditing accounting estimates and addressing common inspection deficiencies.

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Climate Change: Draft Second Nationally Determined Contribution Report Published for Comment

Posted 30 July 2025

The Department of Forestry, Fisheries and the Environment has released the draft second Nationally Determined Contribution (NDC) report, outlining South Africa's updated commitments to greenhouse gas emission reductions and climate change mitigation.

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Defence Laws Repeal and Amendment Act, 2015: Commencement and Board Eligibility Changes

Posted 30 July 2025

The Defence Laws Repeal and Amendment Act, No. 17 of 2015, has officially commenced, repealing obsolete defence-related statutes and amending the Castle Management Act, No. 207 of 1993.

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CIPC to Freeze Director Amendments Amidst Company Disputes

Posted 30 July 2025

The Companies and Intellectual Property Commission (CIPC) has issued a practice note outlining its position on staying director amendment filings where internal company disputes result in conflicting submissions.

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PCAOB Guidance on Audit Engagement Acceptance for Smaller Entities

Posted 29 July 2025

The PCAOB has released guidance for audit firms on evaluating capacity and competence before accepting new engagements for smaller public companies and broker-dealers.

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Constitution 22nd Amendment Bill: Land Expropriation Without Compensation

Posted 28 July 2025

The Constitution 22nd Amendment Bill, which seeks to amend section 25 of the Constitution to allow for land expropriation without compensation, was tabled in Parliament on 29 September 2025.

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