12/31/2024

South Africa: Capitec's $2.9mln brush with Sarb

Capitec failed to comply with section 28 of the FIC Act terms of Cash Threshold Reporting (CTRs) to the Financial Intelligence Centre (FIC) in that it failed to inter alia ensure timeous reporting of CTRs and CTRAs to the FIC

08/07/2024

South African company law updated

The amendments will update the Companies Act 2008 when they take effect – a date still to be prescribed by South Africa’s president, Cyril Ramaphosa, in the Government Gazette.