Tag: legislation

It was the late noughties that saw the most prominent emergence of digital tools, which in turn paved the way for a whole new generation of investment companies in the form of online trading platforms. Since then, spurred on by rapid innovation, emerging inventions like cryptocurrency and the speed of its mainstream adoption have put online trading into overdrive.

In a significant move to strengthen the integrity of the Employment Tax Incentive (ETI) scheme, the government has proposed amendments to Sections 1(1) and 5(3) of the Employment Tax Incentive Act, No. 26 of 2013. The ETI, introduced in 2013, aims to encourage employers to hire young job seekers by reducing the cost of employment through a government-supported cost-sharing mechanism.

Whether it is the South African government’s newly signed carbon tax legislation or the EU’s ‘green’ import taxes, South Africa’s manufacturing sector faces significant challenges. These challenges are centered around sustainability and adapting to new environmental regulations.

While the position of Company Secretary has always been important within an organisation, especially from an administrative perspective, the Company Secretary’s role and scope of responsibility has grown over the years from an ‘efficient administrator’ to a ‘governance leader’.

With the 1 September implementation deadline looming, South Africa’s ‘two-pot’ retirement reform is fast coming to the boil. While President Cyril Ramaphosa signed the new Pension Funds Amendment Bill, for many employers and labourers there remains much uncertainty. This has prompted us to offer a clear explanation of why this legislation has been drafted but, more importantly, how it will affect employers and employees directly.

In a first for the local financial services sector, a diverse collaborative industry work group established following the inaugural SA Market Surveillance Conference held last year, has developed a draft industry code of conduct to guide financial institutions and align with international standards to bolster market surveillance in the country.

South African policymakers learn all the wrong lessons from other countries. Rather than look to the free and prosperous societies of the United States and Europe, politicians and pundits would rather push us to imitate Russia, China, Venezuela, Cuba and Zimbabwe. And even when policymakers identify genuinely good role models, they take the wrong lessons.

Expanding operations across borders is becoming the norm in the modern business landscape, but with this expansion comes the challenge of managing payroll on a global scale. It’s a complex and crucial task that involves navigating diverse regulations, juggling multiple currencies and ensuring accurate payments to employees worldwide.

Gargantuan and tyrannical unions like the Congress of South African Trade Unions (COSATU), South African Democratic Teachers Union (SADTU), and National Union of Metalworkers of South Africa (NUMSA) have leveraged their power, numbers, money, and capacity to threaten violence, and in so doing hold the economy hostage.

Investing in real estate has long been considered a reliable investment strategy, especially during challenging economic times because, unlike stocks and bonds, property is a tangible asset which offers unique advantages that can accelerate wealth accumulation over time.