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New Reserve Bank Regulations in Effect


National TreasuryNational treasury has published regulations relating to the South African Reserve Bank in the Government Gazette. The South African Reserve Bank Amendment Act was signed into law last week.It…

Treasury Considers Law to Boost Second-Tier Banks


National TreasuryNational treasury is considering legislative amendments to pave the way for second-tier banks. This was revealed by the deputy finance minister, Nhlanhla Nene, during an address to the annual…

Cabinet Approves Tax Administration Bill


CabinetCabinet has approved the Tax Administration Bill for tabling in Parliament. The South African Revenue Service (SARS) released the bill for public comment in October last year.At the time, SARS…

Reserve Bank to Amend Banking Regulations in 2012


Standing Committee on FinanceThe banking supervision department of the reserve bank plans to implement a comprehensive set of amended banking regulations on 1 January 2012. The regulations will include the…

Tax Bills Tabled in Parliament


National TreasuryNational treasury has tabled the Taxation Laws Amendment Bill and the Voluntary Disclosure Programme and Taxation Laws Second Amendment Bill in Parliament. Speaking in the national assembly, the finance…

Proposals to Sharpen Land Bank on the Way


National TreasuryThe finance minister, Pravin Gordhan, has revealed that two proposals on the Land Bank will shortly be presented to cabinet. He made this known during an address at the…

Treasury and SARS Provide Overview of 2009 Tax Statistics


National Treasury and South African Revenue ServiceNational Treasury and the South African Revenue Service briefed the standing committee on finance on the 2009 tax statistics in Parliament. They were first…

National Treasury to Re-Negotiate Treaties With Low Tax Countries


National Treasury and South African Revenue ServiceNational Treasury intends re-negotiating treaties with low tax countries by 1 January 2013.Treasury and the South African Revenue Service presented key responses to the…