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Consultation Workshop on E-Cigarettes on the Cards


National Treasury An initial stakeholder consultation workshop hosted jointly by national treasury and the health department on electronic cigarettes is on the cards. In a statement, treasury confirmed that the…

Export Taxes on Scrap Metal Under the Spotlight


National Treasury National treasury seeks comment on the proposal to introduce export taxes on scrap metal. In the 2020 Budget Review, treasury announced that it will commence consultations with affected…

Fiscal Responsibility Bill Tabled


Parliament The Fiscal Responsibility Bill has been tabled in parliament. The proposed legislation, designed to introduce statutory fiscal rules aimed at containing national debt and debt service costs in South…

DA Plans to Table Fiscal Responsibility Bill


Parliament The Democratic Alliance (DA) intends tabling the Draft Fiscal Responsibility Bill in parliament. The private member’s bill’s explanatory summary was published in Government Gazette 43073. The proposed legislation, designed…

Financial Markets Review Final Report Released


National Treasury The Financial Markets Review (FMR) final report has been released. The report was released by national treasury, the South African Reserve Bank and the Financial Sector Conduct Authority.…

Schedule 1 to Value-Added Tax Act Amended


South African Revenue Service Schedule 1 to the Value-Added Tax Act has been amended. The South African Revenue Service published the amendment in Government Gazette 43051. The amendment relates to…

Competitive Financial Markets Under the Spotlight


National Treasury A discussion paper containing a number of proposals to reform the regulatory and legislative framework for the domestic financial markets and to create an enabling framework supportive of…

Budget 2020 Highlights Jump Starts to Boost the Economy


National Treasury Delivering the 2020 Budget Speech in the national assembly, the finance minister, Tito Mboweni, declared that South Africa’s “economy has won before, and it will win again”. He…

SARB Issues Directive on Domestic Card Transactions


South African Reserve Bank The South African Reserve Bank (SARB) has issued a directive instructing that no foreign card issuer may issue a domestic card used for domestic card transactions…