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SARB: SARB notes KPMG developments on audit of VBS Mutual Bank

SARB: SARB notes KPMG developments on audit of VBS Mutual Bank

19th April 2018 The South African Reserve Bank (SARB) has noted the recent developments regarding KPMG and in particular its audit of VBS Mutual Bank. The SARB... 

Disrupting the Disrupted: The Dawn of Fintech Regulation in the Twin Peaks New World Order

Disrupting the Disrupted: The Dawn of Fintech Regulation in the Twin Peaks New World Order

12th April 2018 The South African Revenue Service (SARS) has effectively broken the regulator blood oath taken in 2014 that had frozen the South African... 

Bye Bye FSB, Hello FSCA

Bye Bye FSB, Hello FSCA

11th April 2018 As of 1 April 2018, there is a new sheriff for the South African financial services sector. The Financial Services Board (FSB) has been replaced by... 

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NT: Minister Nhlanhla Nene launches Twin Peaks system

NT: Minister Nhlanhla Nene launches Twin Peaks system

6th April 2018 This week, the Minister of Finance, Mr Nhlanhla Nene, launched the two authorities that make up South Africa’s new Twin Peaks system of financial... 

EFF: EFF on Grindrod R10 charge on social grants

EFF: EFF on Grindrod R10 charge on social grants

4th April 2018 The EFF is horrified by the revelations made by the Executive Manager of grants administration at the South African Social Security Agency (SASSA)... 

SARB trims repo rate as inflation slows

SARB trims repo rate as inflation slows

By: Reuters     28th March 2018 The South African Reserve Bank (SARB) trimmed its benchmark repo rate to 6.5% on Wednesday, in another boost for the economy after ratings agency... 

Cryptocurrency transactions

Cryptocurrency transactions

28th March 2018 In South Africa, as with most other countries around the world, there is no guidance and regulation regarding cryptocurrencies such as Bitcoin. The... 

Connecting the dots between the hike in South Africa's VAT and inflation

Connecting the dots between the hike in South Africa's VAT and inflation 

26th March 2018 South Africa is bracing itself for the first increase in Value Added Tax (VAT) in many years. The hike is part of the government’s efforts to... 

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