How is grey-listing likely to affect South Africa?
No surprise as the Financial Action Task Force adds SA to its list of countries under special scrutiny.
Alexforbes’ pivot to independent advisers starts paying off
Strong retail flows, rising adviser numbers, and expanding support capabilities suggest the group’s push to win over IFAs is beginning to deliver measurable results.
Treasury responds to FATF action plan for SA to fix its ‘dirty money’ problems
Treasury expects grey-listing will have ‘a limited impact’ on financial stability and the costs of doing business with South Africa.
Monday briefing: a round-up of recent financial services news
UT managers fight for market share | Coronation faces huge tax bill | MyMo accounts scandal | Insurance fraud | Discovery’s interim profits
FSCA, Reserve Bank say they will step up their anti-money laundering efforts
Accountable institutions are expected to fulfil their compliance obligations
EXPLAINER: How did South Africa end up on the grey list?
What you should know about the Financial Action Task Force, its evaluation of South Africa, and how grey-listing works.
This is what Sars is doing to tighten its supervision of trusts
It also wants to address the inconsistent treatment of non-resident beneficiaries when capital gains are distributed.
Here are the Ts & Cs for claiming a tax rebate for installing home solar panels
The incentive applies only to the panels themselves and body corporates are not eligible.
How much more (or less) income tax you will pay
National Treasury signals its opposition to higher tax rates.
You can take more money from your retirement fund without paying tax
Taxable income bands in the withdrawal tables adjusted by 10%.
Treasury to expand section 12B tax incentive for investing in renewables
And the bounce-back loan-guarantee scheme will be reworked to help small businesses finance renewable energy projects.
Treasury presses ahead with launching two-pot system in March 2024
Outstanding issues will be finalised later this year.
COMMENT: Budget is as good as could be hoped for
The jury is still out on National Treasury’s projected debt stabilisation over the medium term.
Diesel levy refund extended to take the pressure off food prices
General fuel levy and RAF levy to stay the same.
Here’s how much more a drink or a cigarette will cost you
And a bitter-sweet decision regarding the ‘sugar tax’.
It’s nearly March – there’s no time to waste to get your CPD hours
Our updated Fica Awareness Short Course is one of many courses MBSE offers so you can fulfil your CPD requirements.
FSCA sets out how intermediaries may be paid for RA fund transfers
Final version of guidance notice on intermediary remuneration published.
