Newsflash Archives - Page 8 of 19

STBB Newsflash | Proceed with Caution: The SCA Overturns Cyber Fraud Ruling

This week, the Supreme Court of Appeal (‘the SCA’) in Edward Nathan Sonnenberg Inc v Judith Mary Hawarden (421/2023) [2024] ZASCA 90 overturned a seminal High Court ruling on cyber fraud. In a considered analysis, the SCA unanimously held that

STBB Newsflash | SARS Announces New Filing Window for Trusts

The South African Revenue Service (‘SARS’) recently announced the dates for the 2024 tax season. According to SARS, the income tax return filing dates for individuals are as follows: Non-provisional taxpayers: 15th July 2024 to 21st October 2024 Provisional taxpayers:

STBB Newsflash | Reminder: Changes to Property Practitioners’ Qualification Requirements

Recently, the Property Practitioners Regulatory Authority (‘the PPRA’) announced significant changes to the qualification regime for estate agents. In case you missed our previous communication regarding the PPRA’s decision to phase out logbooks, which was shared on our social media

STBB Newsflash | Interest Rates Remain Unchanged

Moments ago, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its third meeting of the year. In line with economists’ predictions, SARB has again elected to keep the repurchase rate (‘repo rate’) at 8.25% to regulate

STBB Newsflash | Anti-Gender-Based Violence and Femicide Bill Signed into Law

Earlier today, President Ramaphosa signed the National Council on Gender-Based Violence and Femicide Bill (‘the Bill’) into law. The Bill, which recognises gender-based violence and femicide (‘GBVF’) as a pressing ‘social evil’ compounded by decades of structural violence, aims to

STBB Newsflash | A New Dawn for Muslim Marriages: Historic Divorce Amendment Act Signed into Law

Last week, President Ramaphosa signed the much-awaited Divorce Amendment Act* (‘DAA’) into law. DAA, which amends various provisions of the Divorce Act to provide for the dissolution of Muslim marriages, is a significant milestone in aligning South Africa’s family law

STBB Newsflash | Conveyancing Fee Increase

On Wednesday afternoon, the Law Society of South Africa (‘the LSSA’) published its updated Conveyancing Guideline of Fees (‘the Guideline’). The Guideline, which delineates recommended fees for all conveyancing-related transactions, will apply to instructions received as from 27th May 2024.

STBB Newsflash | Insight From the PPRA’s Recent Webinar on Clarifying B-BBEEE Compliance

Last month, the Property Practitioners Regulatory Authority (‘the PPRA’) held a webinar on the current state of Broad-based Black Economic Empowerment (‘B-BBEE’) compliance within the property industry. During this virtual gathering, representatives from the PPRA asserted that the possession of

STBB Newsflash | Renewed warning for estate agents: Don’t delay in submitting outstanding returns to the FIC

Over the weekend, the Law Society of South Africa held its annual general meeting (‘the LSSA AGM’). Unsurprisingly, compliance with the regulatory requirements of the Financial Intelligence Centre Act (‘FICA’) – and the critical role of the legal profession in

STBB Newsflash | The Financial Intelligence Centre Updates Estate Agents on Risk Assessment

Pursuant to its mandate to identify the proceeds of crime to combat money laundering and the financing of terrorist activities, the Financial Intelligence Centre (‘the FIC’) recently revised its risk assessment reports for legal practitioners and estate agents. These reports