ConCourt judgment in Capitec vs SARS clarifies important VAT principles

The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.

Sam Bankman-Fried gets 25 years’ imprisonment for FTX fraud

The judge criticised Bankman-Fried for his lack of remorse and stated that he knew his actions were criminal.

High Court upholds joint liquidators’ role in MTI winding-up

The High Court ordered the applicants to pay punitive costs, saying their allegations were spurious and damaged the joint liquidators’ reputations.

US court orders SA ‘multilevel marketing scam’ to pay R32bn to victims

The order against MTI is in addition to the R65bn in penalties imposed on founder and CEO Johann Steynberg earlier this year.

Confidence in the economy at an 8-year low, Old Mutual research finds

Latest Savings & Investment Monitor contains insights into South Africans’ appetite for investment risk and investing offshore.

Understand when tax is triggered on crypto assets

Clarity on when a gain is considered revenue or capital.

Crypto assets as a financial product: what are the exchange control and tax implications?

It’s possible that, at some point, providers of crypto asset services will be required to submit third-party data to Sars.

Are you ready for imminent crypto regulation in South Africa?

A long period of silence on cryptocurrency regulation in South Africa has finally been broken. South African Reserve Bank (SARB) deputy governor Kuben Naidoo has now confirmed that new regulations are set to […]

Cryptocurrency ownership in SA below global average

The rate of cryptocurrency adoption is higher in South Africa than in countries such as the United States, the United Kingdom and Germany – if the results of a survey conducted by consumer […]

Crypto Currency scam sets new “record”

Last year South Africa achieved yet another dubious record when the Mirror Trading implosion was regarded as the biggest crypto currency scam ever. On 23 June Moneyweb reports: Africrypt ‘hack’ of nearly R54bn […]

South African fintech in 2019 – What can we expect?

According to Wikipedia financial technology, often shortened to FinTech or fintech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is […]

Proposals for cryptocurrency regulation

Members of the public and impacted stakeholders have until 15 February 2019 to make submissions on policy and regulatory proposals for crypto assets. The Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), […]