National Treasury will publish a discussion document dealing with the tax treatment of collective investment schemes’ trading profits before proposing amendments to the Income Tax Act, the 2022 Budget Review says. CIS distributions […]
National Treasury’s proposal to harmonise the offshore limit for all insurance, retirement and savings funds will enable retirement funds to invest up to 45% of their capital offshore. This includes the 10% allowance […]
The government has allocated a total of R22 billion to Sasria in the current financial year to enable it to settle claims and ensure it has sufficient capital to meet regulatory requirements, according […]
Fifteen years on, the fall-out from the Fidentia scandal continues as Living Hands Umbrella Trust’s R850 million lawsuit against Old Mutual Unit Trust Managers (OMUT) got under way in a virtual sitting of […]
There were many requests for a follow-up webinar following the first Tech Talk Legal open forum on the issues surrounding commissioning affidavits over video. Therefore, the next free Tech Talk Legal webinar, on […]
JSE-listed fishing group Oceana confirmed this week that it is being investigated by the FSCA for allegedly issuing false and misleading information. “The company was informed by the Financial Sector Conduct Authority on […]
Finance Minister Enoch Godongwana did not announce any significant changes to the tax regime in his maiden Budget speech this week. However, consumers will benefit from the decision not to increase the general […]
The Gauteng High Court has taken attorneys to task for cutting corners when approaching the courts when the reserve price is not achieved at a foreclosure sale, and it set out the procedure […]
The Prudential Authority (PA) is seeking to remove Yashoda Ram as the provisional curator of 3Sixty Life on the grounds that her qualifications were misrepresented in the PA’s original interim curatorship application. Ram […]
The FSCA has published a notice that clarifies the costs that can be deducted from a collective investment scheme portfolio, apart from those provided for in section 93(1) of the Collective Investment Schemes […]
There were many requests for a follow-up webinar following the first Tech Talk Legal open forum on the issues surrounding commissioning affidavits over video. Therefore, the next free Tech Talk Legal webinar, on […]
It seems the courts will have to settle another dispute over the interpretation of business interruption (BI) policies – this time involving the property sector. According to a report in the Sunday Times, […]
You can claim back up to 20% of your Skills Development Levy (SDL) simply by submitting an Annual Training Report (ATR) and Workplace Skills Plan (WSP) to the Seta with which your business […]
The draft conduct standard on the “Requirements related to the payment of pension fund contributions”, which will replace Regulation 33 of the Pension Funds Act (PFA), was submitted to Parliament in December last […]
There will be dire consequences for the economy if South Africa’s measures to combat money laundering and terrorism financing are not brought up to international standards this year, the Financial Intelligence Centre (FIC) […]
With the end of the tax year fast approaching, investors who haven’t already done so should be considering making use of their R36 000 annual contribution to a tax-free savings account (TFSA). Jaco van […]
A tax-free savings account (TFSA) can help retirement fund members who bought living annuities to reduce their marginal tax rate, hence maximising their after-tax income, says Paul Hutchinson, a sales manager in Ninety […]
