Treasury says the country already has most of the rules it needs; the challenge now is proving that institutions are using them effectively.
The government intends to amend section 7B of the Income Tax Act to cater for performance-based variable remuneration, the 2022 Budget Review says. In terms of the Act, “variable remuneration” includes: Overtime pay, […]
National Treasury intends to close an anomaly in the Income Tax Act that enables individuals whose tax residency ceases to double dip into certain exemptions and exclusions, according to the 2022 Budget Review. […]
Preliminary feedback from an investigation by ENSafrica Forensics has not uncovered any evidence of fraud or criminal conduct by Oceana’s current or former employees or directors, the JSE-listed fishing group said on Friday. […]
Jeff Schultz, senior economist at BNP Paribas South Africa, provides the following perspective on the Budget. He discusses: What the ANC hopes the Budget will achieve politically. The outlook for government revenue and […]
National Treasury will publish a discussion document dealing with the tax treatment of collective investment schemes’ trading profits before proposing amendments to the Income Tax Act, the 2022 Budget Review says. CIS distributions […]
The most notable feature of Budget 2022 is National Treasury’s intent to stabilise the government’s debt ratio, as it “saves” a significant portion of its current tax windfall, estimated at R181.9 billion in […]
National Treasury’s proposal to harmonise the offshore limit for all insurance, retirement and savings funds will enable retirement funds to invest up to 45% of their capital offshore. This includes the 10% allowance […]
The government has allocated a total of R22 billion to Sasria in the current financial year to enable it to settle claims and ensure it has sufficient capital to meet regulatory requirements, according […]
Fifteen years on, the fall-out from the Fidentia scandal continues as Living Hands Umbrella Trust’s R850 million lawsuit against Old Mutual Unit Trust Managers (OMUT) got under way in a virtual sitting of […]
There were many requests for a follow-up webinar following the first Tech Talk Legal open forum on the issues surrounding commissioning affidavits over video. Therefore, the next free Tech Talk Legal webinar, on […]
JSE-listed fishing group Oceana confirmed this week that it is being investigated by the FSCA for allegedly issuing false and misleading information. “The company was informed by the Financial Sector Conduct Authority on […]
The establishment of the Financial Services Tribunal in terms of the Financial Sector Regulation Act of 2017 brought much needed legal certainty to financial advisers and the public. Its predecessor, the FSB Appeal […]
Finance Minister Enoch Godongwana did not announce any significant changes to the tax regime in his maiden Budget speech this week. However, consumers will benefit from the decision not to increase the general […]
Genoa Underwriting Managers (FSP No 38225), on behalf of Safire Insurance Company Limited (FSP No 2092), is a niche market specialist Professional Indemnity UMA which offers a Combined Professional Indemnity Policy for Financial […]
The Gauteng High Court has taken attorneys to task for cutting corners when approaching the courts when the reserve price is not achieved at a foreclosure sale, and it set out the procedure […]
The Prudential Authority (PA) is seeking to remove Yashoda Ram as the provisional curator of 3Sixty Life on the grounds that her qualifications were misrepresented in the PA’s original interim curatorship application. Ram […]
The FSCA has published a notice that clarifies the costs that can be deducted from a collective investment scheme portfolio, apart from those provided for in section 93(1) of the Collective Investment Schemes […]
