Possible tax interventions to mitigate the economic effects of the COVID-19 pandemic in the South African context SAICA made a submission to SARS on 17 March 2020, requesting the Commissioner of SARS to consider various aspects regarding tax compliance due to COVID-19. The Tax Administration Act, 2011 provides for the potential remission of penalties and…
Covid-19: Tax relief proposed by the President By Graham Viljoen, Nina Keyser, Shirleen Ritchie, Yashika Govind, Lumen Moolman and Bianca de Klerk from Webber Wentzel The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs) and vulnerable firms mitigate cash flow…
In an effort to mitigate the economic impact of the coronavirus and the 21-day lockdown which President Cyril Ramaphosa announced earlier this week, government has set up an independent relief fund called the Solidarity Response Fund. The aim of the fund is to offer assistance to South Africans affected by the outbreak. Please read the…
JSE Announcements on 25 March 2020 SAICA wishes to inform its members of two documents issued by the Johannesburg Stock Exchange (JSE) on 25 March 2020. The first document relates to the JSE letter of 22 November 2019 dealing with the transitional provisions in respect of the amendments to the JSE Listings Requirements which came…
SAICA has a dedicated public sector division to support members in the public sector. This page contains all information relating to COVID-19 that impacts the work of members working in or doing business with the public sector. For all other public sector related support, please refer to the Public Sector webpage – Compliance documents…
Listen to Mpho Mookapele as she takes us back home to where her love for school started. https://youtu.be/ISrVbJZOF4s
The JSE ALSI recovered more quickly than the major US and UK indices during the last two crashes. The global economy was already on a fragile footing when a Black Swan appeared in January 2020 in the form of the coronavirus disease 2019 (COVID-19). The impact of the disease and the fallout from countermeasures has…
The Coronavirus is having a significant impact on the global economy as it increasingly disrupts production, supply chains and travel. With that in mind, organisations should consider any potential legal risks and how to protect themselves against them. In January, the World Health Organisation (WHO) announced that the outbreak of the coronavirus was a public…
Bloemfontein, Tuesday 3 March 2020 – As the world’s 14th largest emitter of greenhouse gases, South Africa’s carbon footprint is through the roof. While it is true that these emissions are principally due to our heavy reliance on coal (particularly when it comes to our electricity grid), the World Wildlife Fund estimates that our footprint…
Fears around the coronavirus (COVID-19) outbreak has spilled into financial markets 9 March 2020: The coronavirus outbreak has rapidly approached global pandemic levels, and given the knock-on effects of the virus on economic growth, the fireworks in markets were inevitable. From sitting at record highs, global markets sold off aggressively during the last week of…