Section 25B of the Income Tax Act governs the taxation of income in trusts and their beneficiaries. Specifically, subsections 25B(1) and 25B(2) apply to income received or accrued by resident beneficiaries. For non-resident beneficiaries, unless section 7(8) applies, the income must be taxed in the trust. Section 25B(1): Vested Rights of Resident Beneficiaries Income received…
DetailsIn today’s complex legal and regulatory environment, the courts are frequently called upon to resolve disputes that involve specialised, technical, or professional knowledge. In such matters, the evidence of an expert witness often becomes a decisive factor. For members of the accounting profession, the possibility of serving as an expert witness is both a responsibility…
DetailsEditorial This October issue of Accountancy South Africa (ASA) carries special significance for me as I step into the role of editor. It is both a privilege and a responsibility to take forward a publication that has been shaped with care, vision, and commitment by those who came before me. In particular, I would like…
DetailsASA September 2025 Heritage Month Editorial It’s with a sadness, yet excitement in my heart as I write my last Editor’s note. After 11 years, a phenomenal season at SAICA has come to an end. As I reflect back, I am proud of the profession and all the members who I have met along the…
Detailsrealme, the world’s fastest-growing smartphone brand, has launched the GT 7 Dream Edition, created in collaboration with the Aston Martin, to the South African market. The launch of the new realme flagship falls in line with the company’s strategy to double its global user base and establish itself as a major player in the high-end…
DetailsASA August Issue, Women’s Month 2025 Editorial Women’s month is one of my favourite issues! Not only because it’s one of the very first issues I wrote for when my journey with Accountancy SA began, but it’s always a powerful reminder of how one woman’s story can inspire another to keep moving forward and achieve…
DetailsWhen Pumla Molope’s mother, Nosipho, decided to study her CA(SA) after having completed her science degree (and while raising a family), she did more than simply open her daughter’s eyes to an exciting and dynamic profession. She taught her that it’s never too late, and you can achieve whatever you set your mind to. As…
DetailsIt’s been said time and again that the CA(SA) qualification takes grit and guts. Patricia Malahlela, a senior accountant at Mckenzie & Associates, has shown that she has these qualities in droves – and then some. It’s no exaggeration to say that Patricia has become a master at overhauling her life: she has already done…
DetailsCiara Reintjes, Regional Lead of SAICA for the Northern Region in the Strategic Affairs Division understands her role as crucial to ensuring that the organisation exists to serve its members – and, by extension, the profession as a whole. Ciara is the kind of person who usually informs people within minutes of meeting them that…
DetailsAs CFO of Webber Wentzel, Aneshree Naidoo may have reached the upper rungs of the corporate ladder – but memories of a childhood spent climbing mango trees near the sugar-cane fields after school remind her that no matter how high you go, you should never forget your roots, or your humanity. Aneshree reflects that, sometimes,…
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