Directors who are not compliant with their legislated duties (which were amended again recently) face serious consequences, including civil liability and criminal liability that could result in fines and even prison time – or both.
Networking isn't just about showing up, shaking hands and trading a few business cards. If it’s done well, it's a direct path to new clients, improved sales and potentially, real business growth.
Did you know that tax is payable on crypto asset transactions? SARS has intensified its focus on crypto asset trading recently, significantly improving its capacity to detect crypto activity and non-compliance with advanced analytics, extensive data-sharing arrangements with crypto exchanges, and a dedicated Crypto Asset Unit.
Accounting isn’t just something to worry about during tax season. It’s the engine room of every decision you make, from whether you can hire, to when you should scale.
The National Council of Provinces (NCOP) has passed the 2025 Appropriation Bill, completing South Africa’s budget process for the 2025/26 financial year. This legislation authorizes government departments and entities to spend allocated funds on essential services, infrastructure projects, and social programs such as healthcare, education, and social grants. It also supports initiatives aimed at economic growth and job creation.
The United States’ decision to impose a 30% tariff on South African exports marks a significant turning point in bilateral trade relations. Effective from August 2025, the tariffs apply to a wide range of goods, including manufactured products, automotive components, steel, aluminum, and certain agricultural exports. While critical minerals such as platinum and gold remain exempt, the measures threaten key sectors that underpin South Africa’s export economy.
South Africa’s monetary policy landscape shifted this week following the South African Reserve Bank’s (SARB) decision to cut the repo rate by 25 basis points to 7%, the lowest level since 2022. This move, announced by the Monetary Policy Committee (MPC), aims to support economic activity amid sluggish growth and subdued inflation, which currently sits at 3%, the bottom of the 3–6% target range. The MPC signaled that inflation is expected to average 3.3% for 2025, with risks assessed as balanced.
Estate planning is a critical process that ensures the effective management and distribution of an individual’s assets during their lifetime and after their death. It involves a variety of tools and strategies tailored to meet the unique needs and goals of the estate planner. Below, we explore some of the most important tools for estate planning.
Failing to understand your ideal customer, wastes time, energy and resources. According to a report by CB Insights, 42% of startups fail because there is no market need. In other words, many companies are failingsimply because they didn't define or validate their target audience properly.
The scrapping of the proposed VAT increase in Budget 3.0 resulted in a budget shortfall, necessitating alternative sources of funding.
While most businesses focus on funding or tangible assets, true value often lies in intellectual capital.
In a rapidly evolving digital landscape, small and medium-sized enterprises (SMEs) are increasingly turning to artificial intelligence (AI) to streamline operations, enhance customer experiences, and drive growth. Once considered a luxury reserved for large corporations, AI technologies are now more accessible and affordable, enabling SMEs to compete on a more level playing field.
The following are some of the key factors shaping South Africa’s current economic climate:
The Government of South Africa has signed a US$1.5 billion Development Policy Loan Agreement with the World Bank to support critical structural reforms aimed at modernizing infrastructure and driving inclusive economic growth. This landmark partnership seeks to address the country’s pressing challenges of low economic growth and high unemployment.
The South African Revenue Service (SARS) has launched its most ambitious auto-assessment initiative to date, marking a significant shift in how taxpayers engage with the annual filing season. The 2025 rollout includes not only standard taxpayers but also provisional taxpayers and individuals who have made withdrawals under the new two-pot retirement system.
In South Africa, property remains a cornerstone of wealth creation for high-net-worth individuals and SME owners. Whether you're building a portfolio of rental homes or investing through legal entities, the tax landscape can be both a gateway to growth and a minefield of costly missteps.
A trust is a legal arrangement that allows assets to be held and managed by trustees for the benefit of beneficiaries. In South Africa, creating a valid trust requires meeting specific essential requirements and adhering to its structured framework.
A recent ruling by the Johannesburg Tax Court has sent a powerful warning to trustees, funders, and high-net-worth individuals: poor record-keeping and vague financial narratives will not shield you from SARS scrutiny.
The South African Revenue Service (SARS) has officially launched the 2025 tax season, introducing a streamlined filing process and reinforcing its commitment to compliance and digital transformation.
The recent implementation of a new fuel levy has sparked widespread discussion across the country. Designed to address pressing economic concerns and boost revenue for critical infrastructure projects, the levy has been met with mixed reactions from citizens and industry stakeholders alike.
Last month’s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June.
In the life cycle of every small business or start-up, one early trap catches many founders off guard: failing to separate personal and business finances.
Youth Day on 16 June is a great time to consider the advantages of employing young people in your business – and to find out how SARS’ Employment Tax Incentive (ETI) can assist your company to do this at a reduced cost.
As a business owner, at some stage you will inevitably be asked to help an employee through a crisis in either their personal or professional life. How you respond to their bereavement, financial difficulties or workplace meltdown, will directly affect your other employees and your company culture.
