News
Rising oil prices complicate South Africa’s inflation outlook
5+ hour, 37+ min ago (918+ words) Escalating tensions involving Iran, Israel, and the United States have pushed oil prices sharply higher, exposing fuel-importing economies such as South Africa to a fresh external shock. Following a series of attacks and counterattacks, shipping through the Strait of Hormuz…...
Steinhoff fraud cases: fourth conviction secured in South Africa
5+ hour, 35+ min ago (621+ words) Former Steinhoff executive Hein Odendaal (pictured) has been sentenced after entering a plea-and-sentence agreement, becoming the fourth person convicted in South Africa in criminal cases linked to the retailer's accounting scandal. Odendaal appeared in the Pretoria Specialised Commercial Crimes Court…...
CARF expands SARS’s visibility over crypto transactions, says PwC
1+ week, 5+ hour ago (1124+ words) The implementation of the Crypto Asset Reporting Framework (CARF) in South Africa from 1 March 2026 marks a significant development in the tax authorities" ability to obtain third-party information on crypto asset transactions. The new reporting framework significantly expands the visibility of…...
SARB releases draft exchange control circulars implementing Budget reforms
1+ week, 5+ hour ago (444+ words) The South African Reserve Bank has published a set of draft exchange control circulars for public comment following reforms announced in the 2026 Budget by Finance Minister Enoch Godongwana. The circulars (published on 3 March) propose a range of adjustments to the…...
SCOPA moves from hearings to hard choices on the RAF
1+ mon, 1+ week ago (1086+ words) With weeks of hearings concluded, the Standing Committee on Public Accounts (SCOPA) is moving into the final phase of its inquiry into the Road Accident Fund (RAF): drafting a report that could shape criminal referrals, legislative reform, and the future…...
Out of the grey, not yet in the clear: what EU delisting really means for South Africa
2+ mon, 1+ day ago (891+ words) South Africa is clearing regulatory hurdles, but foreign investors are still deciding what that is worth. From 29 January, the country will be removed from the European Union's list of "high-risk third-country jurisdictions, a move that marks a decisive step out…...