Tag: KPMG Southern Africa

The Companies Amendment Act provisions that took effect on 22 May 2026 introduce amendments to section 30 (annual financial statements), sections 30A and 30B (remuneration policies and remuneration reports), and section 166 (alternative dispute resolution) of the Companies Act 71 of 2008.

Digital trust is the invisible contract that lets people, businesses, and governments rely on digital systems for critical interactions. Without it, Digital Public Infrastructure (DPI) - the shared digital rails for payments, identity and data exchange - cannot scale or deliver the economic and social value it promises.

Succession planning and integrating the next generation remain critical and challenging issues for many family businesses. Without a thoughtful and structured approach, business owners risk undermining their legacy. They also risk weakening the long-term sustainability of the enterprise. This happens when family, ownership, and business systems are not prepared for the transition.

Despite global economic uncertainty and geopolitical tensions, African CEOs are optimistic about their own organisations’ growth prospects. This is according to the our 2025 Africa CEO Outlook Survey, which captures the perspectives of 130 CEOs across Southern, East and West Africa.

In the evolving landscape of South African business families, the concept of wealth has expanded beyond mere financial accumulation. This aligns with the global shift from traditional wealth creation focused solely on financial assets to a broader definition that includes human and social capital.

Since the release of the “Principles for effective risk data aggregation and risk reporting” regulation (commonly known as BCBS 239) in January 2013 by the Basel Committee on Banking Supervision (BCBS), the regulation evolved significantly, transitioning from a regulatory requirement into a strategic framework for improving risk data aggregation and reporting across the banking sector.

Cybercrime in South Africa is reaching new heights in 2025, with attacks becoming increasingly sophisticated and frequent. According to industry estimates, cybercrime is projected to cost the South African economy over R2.2 billion annually.[1] This surge highlights the urgent need for stronger digital defences across all industry sectors.

Payment gateways play a critical role in transaction processing. The transaction messages are processed through them while they broker the approval of the transactions from the source (generally customer or merchant) to operators (generally issuer).

In an increasingly interconnected world, African businesses find themselves uniquely positioned amidst a complex web of economic, political and environmental challenges. From shifting global trade dynamics to environmental imperatives and rapid technological advancements, businesses today must build resilience as a core capability.

In a country faced with appalling numbers of gender-based violence (GBV), it is surprising how this crisis is often treated as a domestic issue - with very few policies within the workplace on how to help combat GBV, even with so much commemoration across business especially given it was recently women’s month.