Newsflash Archives - Page 7 of 19

Newsflash | Government forges ahead with plan to blacklist child maintenance defaulters

Last Friday, the Department of Justice and Constitutional Development, in collaboration with the Social Justice Foundation, concluded a Memorandum of Understanding (‘MoU’) with the Consumer Profile Bureau to blacklist parents who default on their child maintenance payments. According to research

Newsflash | Just in: Government tables the Medium-Term Budget Policy Statement

Earlier this afternoon, the Minister of Finance, Enoch Godongwana, tabled the much anticipated Medium-Term Budget Policy Statement (‘the MTBPS’) in Cape Town. Characterised as the ‘mini-budget’, the MTBPS plays an indispensable role in the budgetary process by establishing the policy

STBB Newsflash | Deceased estate administration: Important update on foreign executors and SARS eFiling

STBB’s Estates Department is currently experiencing considerable delays in finalising the administration of deceased estates where the appointed executor is a foreign national or South African citizen who resides abroad and has not yet updated their details with the South

STBB Newsflash | Eighth time’s a charm: SARB lowers the repo rate

Moments ago, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its fifth meeting of the year. As widely predicted by major financial institutions and economic analysts, SARB finally elected to lower the repo rate from 8.25%

Newsflash | Banks’ lending practices under the spotlight: Government announces plans to amend the Home Loan and Mortgage Disclosure Act

Last week, newly-appointed Minster of Human Settlements, Mmamoloko Kubayi, revealed government’s plans to amend the Home Loan and Mortgage Disclosure Act (‘the Act’) to require banks to disclose additional information regarding their lending criteria, practices, and activities. Promulgated to encourage

STBB Newsflash | Clarity on B-BBEE requirements for Property Practitioners

In March this year, the Property Practitioners Regulatory Authority (‘the PPRA’) asserted during a webinar, that possession of a valid and compliant B-BBEE certificate is a statutory prerequisite for the issuance of a Fidelity Fund Certificate (‘FFC’), without which property

STBB Newsflash | Preventing SA’s grey list exit: The FIC’s patience is running out

In news reports this week, the Financial Intelligence Centre (FIC) has again lamented the fact that many accountable institutions remain non-compliant with its directives and the provisions of the Financial Intelligence Centre Act. The effect hereof, it records, is that

STBB Newsflash | Securing the Two-Pot Retirement System: The President Signs the Pension Funds Amendment Bill into Law

Over the weekend, President Ramaphosa signed the Pension Funds Amendment Bill (‘the Bill’) into law. The Bill, which amends various pieces of pension-related statutes, including the Pension Funds Act, is essential to the reconfiguration of South Africa’s retirement savings system.

STBB Newsflash | Interest Rates Remain Unchanged

This afternoon, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its fourth meeting of the year. In accordance with economists’ recent predictions, SARB has yet again elected to keep the repurchase rate (‘repo rate’) at 8.25%

STBB Newsflash | STBB re-launches KZN office

STBB is excited to announce the official re-launch of our office in KwaZulu-Natal today, 1st July 2024! In expanding our legal services to the province of KwaZulu-Natal, the re-establishment of our Durban office marks a significant milestone in our commitment