The Integrated Resource Plan 2019 (IRP2019) was approved by Cabinet and promulgated on 18 October 2019 by the Minister of Mineral Resources and Energy (Minister), Gwede Mantashe.

In terms of section 12J of the Income Tax Act 58 of 1962 (Act), put simply, a person who invests in an approved "venture capital company" ...

In a season of frenetic activity, South Africa has seen the publication of a variety of documents intended to further the implementation of Black Economic Empowerment (BEE) and as at the end of October 2004, sectoral transformation charters have been adopted in respect of the petroleum sector (2001), the mining sector (2002), the financial services sector (2003), the maritime transport industry (2003) and the information and communication technology industry (2004).

Given the wide discretion afforded to SARS in this respect, SARS' Practice Note No. 36 issued on 13 January 1995 (Practice Note 36) provides some guidance on the subject.

The sensational revelations that were made during the Zondo Commission of Enquiry into Allegations of State Capture, by, inter alia, the former COO of Bosasa, namely Angelo Agrizzi, shocked...

In terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 (BEE Act), all public companies listed on the JSE must provide the Broad-Based Black Economic Empowerment...

Since minister Mandisi Mphalwa's embargoed briefing on the revised Codes of Good Practice under the Broad Based Black economic Empowerment Act (BEE ACT) on 24 June 2005, much has been made in the media of the purported exclusion of so-called "indirect ownership" in those Codes.

The Tax Court also had to decide whether certain interest imposed should be remitted.

In this article, we briefly discuss the details of each of these regulations and how they will impact entities that will become liable for carbon tax under the Act.

South Africa's Revenue Service has issued Binding Private Ruling 430, clarifying its position on trust-to-trust distributions and the section 7(8) attribution rules. The ruling examines whether distributing an interest-free loan claim constitutes a disposition, explores how the causal nexus can be severed when downstream yields are generated by independent foreign companies, and reveals the administrative complexities trustees face when claiming foreign tax rebates for non-resident beneficiaries.

On 28 November 2019, the Minister of Mineral Resources and Energy (Minister) published Draft Amendments to the Mineral and Petroleum Resources Development Regulations,...

In late June 2004, the Department of Trade and Industry ("dti") published a policy framework of the proposed amendments to the Companies Act ("the Act").

South Africa's 26th Commission for Employment Equity Annual Report reveals a dramatic 48.4% decline in employment equity reporting following legislative amendments, while introducing a new compliance certificate regime that fundamentally alters how employers access state business opportunities. With six constitutional challenges now before the courts and new sectoral numerical targets in force...

On 16 October 2019, the Financial Intelligence Centre (FIC) released the Draft Public Compliance Communication No 103 (PCC103): Guidance on combating the financing of terrorism...

Herewith below selected highlights in the Customs & Excise environment since our last instalment.

The South African private equity industry is well established and, by emerging market standards, is relatively sophisticated.

The Department of Trade and Industry (dti) embarked on a review of the consumer legislative framework that culminated in a draft green paper on consumer policy in September 2004. The policy seeks to promote a coherent and consistent framework for the regulation of consumer "business interaction". The first draft of the Consumer Protection Bill was published for information and comment on 15 March 2006.

Flordis South Africa (Pty) Ltd v Commissioner for the South African Revenue Service (61689/2015) [2019] ZAGPPHC 546 (17 October 2019) in the High Court of South Africa...

In part one of this three-part series, Cliffe Dekker Hofmeyr (CDH) Kenya will unpack the salient features and provisions of the Data Protection (General) Regulations of 2021 (the General Regulations).