Treasury holds largely firm on AML Bill after public submissions
Two limited FICA changes were indicated, while the FSCA explained why the financial-sector provisions would not be amended.
#CompaniesandIntellectualPropertyCommission
From side hustle to registered business: Getting CIPC right
Designed for entrepreneurs and professionals assisting clients, MBSE’s new course provides a practical guide to registering a business and staying compliant afterwards.
Calls grow for full audit trails in eFiling profile hijackings
Tax practitioners argue that the apparent targeting of refund-eligible profiles points to either insider access or critical control failures.
Deep flaws in SARS’s systems, OTO investigation finds
The Tax Ombud’s draft report on profile hijackings finds evidence of failures in SARS’s fraud prevention, detection, and resolution processes.
Majority back mandatory sustainability reporting, but few feel ready
Despite high voluntary disclosure, challenges such as resource constraints and complex standards highlight the need for government-led guidance and skills development.
Shaping corporate law: important revisions to the Companies Act
A comprehensive guide to the changes introduced by the Companies Amendment Act and the Companies Second Amendment Act.
Cybercriminals ramp up their attacks on tax practitioners
SARS responds to reports of hackers accessing practitioners’ eFiling profiles, removing clients, and changing banking details.
Entities that don’t take clients’ data security seriously are playing with fire
Dis-Chem is in the clear. TransUnion was issued with an Enforcement Notice, and the Information Regulator is investigating the data breach at the CIPC.
Hackers access CIPC’s client and employee records
The commission urges clients to monitor transactions on their credit cards.
An update on beneficial ownership registration filings
Cliffe Dekker Hofmeyr unpacks the requirements provided by the Companies and Intellectual Property Commission in Customer Notice 5 of 2024.
Considerations when deciding whether to keep a company dormant or close it
An entity can formalise its dormancy by way of a liquidation process or by deregistering with the Companies and Intellectual Property Commission.
