Tag: reforms

In a bold move to overhaul a justice system buckling under the weight of unprecedented gamesmanship by defendant counsel in delaying court dates, South Africa's high courts will institute mandatory mediation for civil cases before any trial dates are assigned. This sweeping directive was issued on 14 April and is slated to take effect in May 2025.

As South Africans braced for a heavier tax burden, the 2025 Budget Speech delivered a mix of relief and reality. While tax increases were lower than feared, financial advisers will soon need to navigate a complex landscape of regulatory reforms.

A new study found that tax administration in many African countries is inefficient, hindering revenue collection. This points to potential gaps that could be addressed through institutional reforms. Widespread inefficiencies in tax systems in Africa undermine the mobilisation of government resources, limiting their capacity to deliver public services and make essential investments.

South Africa can promote future investment and encourage corporate growth by addressing discrepancies in laws governing mergers and amalgamations. Section 44 of the Income Tax Act governs merger and amalgamation transactions from a tax perspective. It provides tax rollover relief if certain requirements are met.

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.

As South Africa continues its journey toward a sustainable energy future, wind energy has emerged as a crucial element of the country’s renewable energy mix. With its rich wind resources and increasing demand for clean energy, the sector is well-positioned to contribute significantly to the nation’s energy goals. Despite this promising outlook, several significant challenges could impede its growth.

Procurement and supply body adds voice to discourse over legislation and calls for more radical reforms to root out corruption. We have submitted a series of detailed recommendations for South Africa’s Public Procurement Bill with the intention of advancing the principles of ethical procurement practices within the Southern Africa region.

While electric vehicles (EVs) have been globally touted as the future of road travel – the replacement to the internal combustion engine (ICE) vehicles that we have been driving for over 100 years – the very mention of the subject raises polarising opinions, especially in the South African market.

Why do some states thrive, grow their economies and uplift their people while others, facing similar challenges, slide into low growth, social dysfunction and failure? After decades of work on the ground in states in Africa, Latin America, Asia, Europe and the Middle East, bestselling author Greg Mills seeks to provide answers in Rich State, Poor State.

In February this year, South Africa was greylisted by the Paris-based Financial Action Task Force (FATF) because of its failure to comply with its standards and measures to combat illicit financial flows, terrorist funding and potential threats to the integrity of the global financial system. This step is the consequence of the endemic corruption, generally referred to as “state capture” which has long prevailed in the country.