Court finds taxpayers must prove an amount is not income
While it is entirely within a taxpayer’s rights to contest the outcome of a South African Revenue Service (SARS) assessment, doing so requires thorough preparation. This means ensuring that documentation is accurate, consistent, and properly presented, and that the...
Why tech-ready fintechs are winning bank deals
Just a few years ago, neobanks and fintechs were regarded as disruptive competitive threats to incumbent financial institutions (FIs). By Bradley Elliott, CEO of RelyComply But now the script has changed, and these startups and innovators are regarded as potential...
HR can safeguard your organisation against FIC violations
In February 2023, South Africa was placed on the Financial Action Task Force’s (FATF) “grey list” after the global watchdog found shortcomings in how the country implemented anti-money laundering (AML) and counter-terrorism financing (CTF) standards. By Sameer...
The e-waste EPR is our economic and environmental future
For decades, South Africa has grappled with a mounting challenge: an ever-growing mountain of electronic waste. While other nations have long had established systems to manage this complex waste stream, we have been playing catch-up. By Ashley du Plooy, CEO of ERA The...
Compliance the foundation for sustainable growth in finance
For many financial institutions in South Africa, compliance has long been treated as a cost of doing business, a necessary function to satisfy auditors and regulators, and to avoid penalties. But that mindset no longer holds up, writes Pienaar Zietsman, chief...
Hidden ownership turns tax crime into an AI challenge
Tax evasion goes far beyond legal tax avoidance. It is the practice of illegally hiding income or profits to avoid paying tax, costing countries over $500-billion a year. In many cases tax evasion depends on opaque ownership structures that hide who really owns...
SA could leapfrog the world in EV adoption
Often perceived to be lagging behind the developed world, South Africa has a unique opportunity to not only catch up, but to leapfrog established markets like Europe and the USA in the long-term adoption of New Energy Vehicles (NEVs). By Linda Cele, products head key...
RelyComply backs FSCA’s call for ecosystem-wide fraud action
According to the South African Banking Risk Information Centre (sabric), banking fraud losses in South Africa totalled more than R2.7 billion in 2024, with digital banking fraud accounting for nearly R1,9-billion. By Bradley Elliott, CEO of RelyComply RelyComply...
SearchWorks and Voca empower SA law firms
SearchWorks together with its compliance platform Voca, has announced new initiatives to support attorneys in navigating increasingly complex compliance requirements. Regulatory standards set by the Financial Intelligence Centre (FIC) continue to raise the bar for...
NEC XON aligns with ISO 27701:2019 privacy standard
NEC XON has extended its ISO 27001:2022 based Information Security Management System to include and align with the requirements of ISO 27701:2019, a global benchmark for Privacy Information Management. This milestone builds on the company’s ISO 27001:2022...
Electronic service brings foreign persons within SA regulatory reach
The Pretoria High Court's landmark judgment in Financial Sector Conduct Authority v Financial Services Tribunal and Others[1] fundamentally transforms how South African regulators can pursue foreign persons whose conduct impacts domestic financial markets. Lenee...
Forward-thinking enterprises turn regulatory requirements into strategic assets
The regulatory landscape is evolving at breakneck speed. From FSCA requirements to POPIA rulings and stricter PCI-DSS guidelines, South African businesses are often faced with compliance challenges. By Monica Peethum-Nanoo, risk and compliance manager at Altron...