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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…

Political Party Funding


Draft bill full text Published in GG 41125 of 19 September 2017 Year of publication 2017 Publication for comment (draft bill) Published in GG 41125 of 19 September 2017

Military Pensions Adjusted


National Treasury Military pensions have been adjusted. National treasury published the new amounts in Government Gazette 44292 in terms of the Military Pensions Act. The act refers to various formulas…

Parliament Passes Auditing Profession Amendment Bill


Parliament Parliament has passed the Auditing Profession Amendment Bill and sent it to president Ramaphosa for assent. The national assembly (NA) passed the bill and sent it to the national…

Parliament Adopts 2021 Fiscal Framework and Revenue Proposals


Parliament Parliament adopted the 2021 Fiscal Framework and Revenue Proposals last week. In a statement, parliament announced that the national assembly and the national council of provinces during plenary sessions…

Pension Funds Amendment 2020


Notice of intention to introduce a Private Member’s Bill into Parliament and invitation for public comment thereon published in GG 43726 on 18 September 2020