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.

FSCA welcomes decision to uphold revised R20m fine on Markus Jooste

‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.

‘Raft of financial sector legislation coming in the next 3 to 5 years’

FSCA wants to step up market surveillance to combat insider trading and price manipulation.

Markus Jooste appeals to Tribunal against R241 million administrative penalty

Netwerk24 reports that Markus Jooste’s legal team holds that the FSCA’s R241 million penalty is shockingly inappropriate in that he is also held accountable for the transgressions of those he advised to sell […]

Regulator to probe insider trading allegations

The FSB confirmed that it is investigating unusual trading in foreign exchange futures contracts after receiving a report from the Johannesburg Stock Exchange (JSE). The Regulator’s Department for Market Abuse (DMA) is currently […]