10 predictions for this week’s Budget
Minister of Finance Enoch Godongwana will deliver his maiden Budget speech on Wednesday. After almost two years since South Africa declared a State of Disaster in light of the Covid-19 pandemic, the economic […]
SARS publishes tax filing deadlines for 2026
The Notice also sets out who does and does not have to submit a tax return.
How taxing annuities at the fixed PAYE rate will affect pensioners
The latest move by the South African Revenue Service (Sars) to require the withholding of PAYE from annuity payments at an “effective tax rate” as required in directives issued to payers of annuities […]
Fourways Mall owners take insurers to court over BI claims
It seems the courts will have to settle another dispute over the interpretation of business interruption (BI) policies – this time involving the property sector. According to a report in the Sunday Times, […]
You can claim back some of your Skills Development Levy contributions
You can claim back up to 20% of your Skills Development Levy (SDL) simply by submitting an Annual Training Report (ATR) and Workplace Skills Plan (WSP) to the Seta with which your business […]
Draft standard on retirement fund contributions goes to Parliament
The draft conduct standard on the “Requirements related to the payment of pension fund contributions”, which will replace Regulation 33 of the Pension Funds Act (PFA), was submitted to Parliament in December last […]
Short-term policyholder concerns, then and now
Events over the past year, both locally and internationally, have shifted the focus on a number of material terms and conditions in policy documents. Pre- and post-Covid A media release published in November […]
Clock is ticking for SA to avert something ‘worse than junk status’
There will be dire consequences for the economy if South Africa’s measures to combat money laundering and terrorism financing are not brought up to international standards this year, the Financial Intelligence Centre (FIC) […]
How to make the best use of a tax-free savings account
With the end of the tax year fast approaching, investors who haven’t already done so should be considering making use of their R36 000 annual contribution to a tax-free savings account (TFSA). Jaco van […]
How a tax-free savings account can maximise your retirement income
A tax-free savings account (TFSA) can help retirement fund members who bought living annuities to reduce their marginal tax rate, hence maximising their after-tax income, says Paul Hutchinson, a sales manager in Ninety […]
January market wrap: a volatile start to the year
The MSCI World Index had its worst start to the year since 2016, falling 5.3% month-on-month, as concerns over spiralling inflation and higher interest rates, and the tensions between Russia and Nato over […]
Another reprieve for insurers that provide primary healthcare policies
Insurers that issue primary health insurance policies have been given another reprieve after the Council for Medical Schemes (CMS) extended the exemption for another two years, from 1 April 2022 to 31 March […]
Auditors’ regulator explains R11m irregular expenditure
An internal investigation by the Independent Regulatory Board for Auditors (Irba) uncovered irregular expenditure of almost R11 million, which arose from the regulator’s difficulty in complying with the procurement process when sourcing investigative […]
Crypto regulation scenarios for SA
Towards the end of last year, the news broke that Binance, the world’s largest international cryptocurrency exchange by volume, had withdrawn their application for a licence to operate a crypto exchange in Singapore […]
Deposit insurance will cost R14 per depositor, says Treasury
The annual costs to fund the Corporation for Deposit Insurance (CoDI) and the Deposit Insurance Fund (DIF) will work out to R14 per qualifying depositor, National Treasury told Parliament’s Standing Committee on Finance […]
Sasria was not prepared for July 2021 riots
The South African Special Risk Insurance Association (Sasria) was “not sure” why its risk analysis programme missed the warning signs of the unrest in July, according to the “Report of the expert panel […]
High Court dismisses constitutional challenge to sections of the Financial Sector Regulation Act
The Gauteng High Court has dismissed, with costs, an application by Fusion Guarantees and its directors to declare sections 154, 167 and 231 of the Financial Sector Regulation Act (FSRA) unconstitutional and invalid. […]
Prescription Act sees off R2 million claim against Sanlam Private Wealth
The provisions of the Prescription Act have resulted in the dismissal of a R2 million claim against Sanlam Private Wealth (SPW). This was despite the High Court finding that even if the money […]
