Tax amendments materially narrow understatement penalty defence
The bona fide inadvertent error defence is limited to substantial understatements, but there is relief for taxpayers seeking to challenge estimated assessments.
Industry News
Draft policy reframes financial education as a core conduct requirement
National Treasury’s draft framework signals tighter expectations for how firms deliver, integrate, and measure financial education.
How your investments fared in a volatile first quarter
A sharp market sell-off triggered by the Middle East conflict dented first-quarter returns, but local shares, bonds and property still posted strong 12-month gains.
Grey-list exit raises the bar for supplier due diligence, says CIPS
CIPS points to tighter scrutiny, stronger due diligence requirements, and a growing focus on beneficial ownership as South Africa enters its next FATF review.
Manager Watch: Strong year, weaker long-term outlook
Alexforbes’ latest survey shows robust 2025 performance but highlights weaker 10-year returns and rising dispersion in equity returns.
SA equities top Bank of America rankings amid market turbulence
South Africa leads Bank of America’s EEMEA rankings despite severe market losses, highlighting resilience, strong dividends, and sustained investor interest.
SCA examines capitalised interest in applying the in duplum rule
Interest that accrues and remains unpaid does not escape the in duplum rule merely because it is capitalised.
Court rejects fast-track repossession bid over disputed debt and flawed process
A High Court ruling has refused FirstRand’s summary judgment bid, signalling stricter scrutiny of debt claims, documentation, and enforcement processes.
Gambling figures mislead: SARB clarifies household spending trends
The Reserve Bank distinguishes between betting activity and losses, highlighting strong growth in online gambling but limited impact on overall household consumption.
SARS warns rogue staff: resigning won’t save you
SARS has frozen the assets of former officials, signalling that employees who betray the institution will be held accountable – even after they leave.
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
Cabinet clears draft AI policy for public comment
Approval of the draft AI policy signals a shift to structured oversight, with businesses urged to prepare for evolving compliance expectations.
Godongwana appoints Thabiso Thiti as new FIC director
His five-year term begins in mid-April as the government looks to sustain momentum ahead of the upcoming FATF evaluation.
Non-responsive retirement funds face stricter action from Adjudicator
Summonses and subpoenas may be used to address non-cooperation by funds and administrators, as the OPFA seeks to improve the efficiency of its investigations.
Trustees urged to rethink private markets as impact and returns align
Naleni Govender says retirement funds need a more deliberate approach to private markets, with stronger due diligence, better partnerships, and clearer accountability.
Talaq no bar to civil divorce rights, High Court confirms
A Full Bench ruling clarifies that religious divorce cannot override access to interim maintenance and civil protections under South African law.
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
