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Masondo Shines Light on Budget Deficits


National Treasury Budget deficits over the next few years are going to be largest South Africa has ever had. The deputy minister of finance, David Masondo, confirmed this during an…

Financial Sector Laws Amendment 2018


Draft bill full text Published on the National Treasury website Year of publication 2018 Publication for comment (draft bill) Media statement on the National Treasury website Published in GG 41955…

Parliament Seeks Comment on Financial Sector Laws Bill


Parliament The standing committee on finance seeks comment on the Financial Sector Laws Amendment Bill. The bill was tabled in parliament in August 2020. In an earlier statement, treasury indicated…

Customs and Excise Act Rules Amended


South African Revenue Service Customs and Excise Act Rules have been amended. The South African Revenue Service published the amendment of Rules (DAR 211) in Government Gazette 44506. Amendments focus…

Auditing Profession Amendment Act Signed


The Presidency President Ramaphosa has assented to the Auditing Profession Amendment Act. Parliament passed the Auditing Profession Amendment Bill in March 2021 and sent it to the president for assent.…

Annual Policy Benefit Escalations Published


National Treasury Annual Policy Benefit Escalations in terms of Demarcation Regulations have been published. National treasury published the policy benefit escalations in terms of the Long-term Insurance Act (LTIA) and…

Revenue Laws Second Amendment Act Under the Spotlight


South African Revenue Service Section 35(1)(a) of the Revenue Laws Second Amendment Act comes into effect on 1 June 2021. The South African Revenue Service published Proclamation 14 in Government…

COVID-19 Loan Guarantee Scheme Extended


National Treasury The COVID-19 Coronavirus Loan Guarantee Scheme has been extended by three months. In a statement, national treasury confirmed that, as at 27 March 2021, banks had approved 14…

PFMA Exemption on Financial Statements Under the Spotlight


National Treasury National and provincial departments have been exempted from complying with section 40(1)(b) of the Public Finance Management Act for five years. National treasury announced the exemption in Government…

Comment Sought on Carbon Offset Regulations


National Treasury National treasury has published draft amendments to the Carbon Offset Regulations for comment. In a statement, treasury indicates that the draft amendments were drafted in terms of section…