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Newsflash | Reserve Bank hikes it again

Moments ago, the Reserve Bank announced yet a further increase in the lending rate by 25 basis points. This means that the repo rate (the rate at which the Reserve Bank lends money to commercial banks) will increase from 7%

Newsflash | Non-Residential building owners, take note before 7 December

In terms of regulations issued under the National Energy Act, non-residential building owners and their state counterparts (the ‘Accounting Officers’ in government departments) must publicly display an energy performance certificate at their building entrances on or before 7 December 2022. What is

Newsflash | Interest rate increase

This afternoon, the Reserve Bank announced yet a further increase in the lending rate by 75 basis points. This means that the repo rate (the rate at which the Reserve Bank lends money to commercial banks) will increase from 6.25%

Newsflash | Estate agents and the broader property practitioner group: must everyone now do FICA?

In terms of the Financial Intelligence Centre Act (‘FICA’), estate agents as they were defined in the (now repealed) Estate Agency Affairs Act, were designated as ‘accountable institutions’ and accordingly became obliged to comply with the FICA. With the coming

Newsflash | Amendments to cash threshold reporting in effect

Two weeks ago, we advised you of the change in the FICA regulations regarding the amount of a cash receipt that triggers the requirement to submit a CTR (cash threshold report) to the FIC. The change came into effect Monday

Newsflash | The 2020 Sectional Titles Amendment Bill : update

At the end of last month, Parliament passed the Sectional Titles Amendment Bill and it is now with President Ramaphosa for assent. The most important changes relate to subdivisions, consolidations and extensions of the scheme by developers in the period

Newsflash | FICA cash threshold reporting changes

In the Government Gazette published on 14 October 2022, the Minister of Finance increased the threshold for cash receipt reporting from R24 999 to R49 999, with effect from 14 November 2022. (Interestingly, in the 2021/2022 financial year, the FIC

Newsflash | Repo Rate Increase

The Reserve Bank announced just now that the repo rate increases with 75 basis points to 6.25%. What does this mean? The ‘repo rate’ is the rate at which the Reserve Bank lends to commercial banks. Between November 2021 and

Newsflash | Fifth successive rate hike for 2022

The Reserve Bank increased the repo rate by 75 basis points to 5.5% per year, this afternoon, a fifth successive rate hike by the monetary policy committee. This hike and the 50 basis points hike in May this year, are

Newsflash | Repo Rate Increase

The SARB’s Monetary Policy Committee have taken the decision to increase the Repo Rate yet again by 50 basis points [0.50%] from 4.25% to 4.75%, which will take effect on 20 May 2022. Therefore, the Prime Rate has also increased

Blog

Newsflash | Reserve Bank hikes it again

Newsflash | Non-Residential building owners, take note before 7 December

Newsflash | Interest rate increase

Newsflash | Estate agents and the broader property practitioner group: must everyone now do FICA?

Newsflash | Amendments to cash threshold reporting in effect

Newsflash | The 2020 Sectional Titles Amendment Bill : update

Newsflash | FICA cash threshold reporting changes

Newsflash | Repo Rate Increase

Newsflash | Fifth successive rate hike for 2022

Newsflash | Repo Rate Increase

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