
Ithala pulled back from the edge, but its future remains in doubt
The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.

The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.

National Treasury’s draft framework signals tighter expectations for how firms deliver, integrate, and measure financial education.

His five-year term begins in mid-April as the government looks to sustain momentum ahead of the upcoming FATF evaluation.

A R3-per-litre levy cut cushions April’s fuel spike, but rising oil prices and expiring relief point to steep increases ahead.

With the transition period now over, financial institutions that offer education initiatives must align with the FSCA’s requirements on governance, evaluation, and accountability.

Listings reform, settlement changes, retail participation, and infrastructure upgrades feature as ways to strengthen market depth and competitiveness.

From CGT thresholds to small business tax and foreign allowances, Ronald King identifies the changes that could materially reshape financial plans.

National Treasury Director-General Duncan Pieterse says South Africa’s core fiscal challenge is structurally low economic growth that trails population expansion.

The government finally cuts payers of personal income tax some slack – and increases the medical scheme tax credits.

Treasury also proposes new thresholds at which fund members and living annuitants can commute to a cash lump sum.

A tighter, more disciplined Budget channels spending into social support and infrastructure while cutting waste to avoid tax hikes.

While borrowing remains substantial, improving bond yields, firmer revenue, and reduced debt-service growth suggest a more credible consolidation path.

The tax regime for small and micro-businesses will also be adjusted for inflation.

The proposal is to reclassify all returns from collective investment schemes and retail hedge funds as capital gains.

The legislation will strengthen reporting and governance obligations across the non-profit, corporate, and financial sectors.

Draft amendments to the SRD Regulations have been published to give effect to the grant’s continuation from April 2026 to March 2027.

Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.