591 results found

From 1 January 2021, there is no longer a prohibition on loop structures in South Africa. This is a significant exchange control relaxation...

the taxpayer disputed, inter alia, the correctness of additional estimated assessments issued by SARS.

Over the past year, South Africa has seen some significant changes impacting its commercial financial landscape.

The Minister of Finance, Tito Mboweni, presented his Medium Term Budget Policy Statement ("MTBS") today, 28 October 2020.

The Companies and Intellectual Property Commission reported that between 2011 and 2018, a total of 2 867 South African companies initiated business rescue proceedings in terms of Chapter 6 ...

Crowdfunding has emerged as a popular method of raising funds for various projects and initiatives across the globe. In South Africa, this innovative financing model has gained traction in recent years.

In his February 2020 Budget Speech, the South African Minister of Finance announced various proposed relaxations to the existing exchange control regime, including phasing out of the concept

The retail banking industry in South Africa is a highly competitive market.

The Financial Sector Conduct Authority ("FSCA") is planning several aspects of regulatory reform related to the Conduct of Financial Institutions Bill, 2020 ("COFI Bill").

Following South Africa's grey-listing by the Financial Action Task Force, trustees within South Africa are finding themselves navigating an increasingly complex legal landscape.

For many years the Financial Surveillance Department of the South African Reserve Bank (FSD), which administers exchange controls, has taken the view that intellectual property may not be exported without their approval .

A landmark High Court ruling has determined that Bitcoin qualifies as both "money" and "capital" under South Africa's exchange control regulations, directly contradicting an earlier judgment and potentially reshaping how cryptocurrency transactions are regulated.

Amendments to FICA adding new accountable institutions to the Schedule) were published on 29 November 2022. These came into effect on 19 December 2022...

Car subscription and lease-to-own platforms have exploded in popularity from Johannesburg to Cape Town. They offer flexible access to vehicles without the long-term lock-in of hire purchase...

The National Credit Amendment Bill, known as the Debt Relief Bill, was recently signed into law by President Cyril Ramaphosa

On 29 August 2024, the Financial Sector Conduct Authority (FSCA) published the draft Determination relating to Foreign Collective Schemes Soliciting Investments in the Republic (draft Determination) and invited written submissions which were due on or before 11 October 2024.

The United Kingdom Financial Conduct Authority ("FCA") has imposed a GBP42 million penalty on Barclays Bank for shortcomings in its anti-money-laundering ("AML") systems and controls.