Cryptocurrencies have revolutionised the world of finance, offering new opportunities and challenges. To ensure the responsible and secure use of these digital assets, South Africa is introducing ground breaking legislation to regulate crypto asset service providers (CASPs). In this blog…
There have been many alarmist headlines about this subject and while the political dynamics surrounding South Africa’s alignment with Russia during the Ukraine conflict have significant implications for its economy, we would like to look at a realistic view of…
To begin, you need to understand who the Financial Action Task Force (FATF) is and what they do. They are an intergovernmental organisation that was established in 1989 to combat money laundering, terrorist financing, and other financial crimes. FATF sets…
We have put together this overview to bring clarity to the SARS Tax Compliance Status Process enhancements that is causing some undue concerns. These are changes in process and not in regulation, so you can let out that breath you…
The Financial Surveillance Department (FinSurv) of the South African Reserve Bank (SARB) regulates and monitors cross-border transactions. It also aims to ensure that financial institutions and market infrastructures operating within the financial system are inherently intact. FinSurv is specifically mandated…
We have explained the importing basics in a previous blog (READ HERE), so this time we’ll focus on the low down of getting your exports up and running. The country’s key economic decisions are based on these trade statistics and…
Are you thinking about importing goods into South Africa? We have some helpful information regarding regulations and considerations to smooth the way. In simple terms, imports mean the movement of goods from a foreign country to a domestic country. Re-imports…
Crypto assets should be treated as financial products in SA. This makes it easier for regulators to monitor the market and helps to safeguard consumers.A crypto asset is defined by the Financial Sector Conduct Authority as “a digital representation of…
When you’ve finally made the tough decision to leave your beloved country, family, and friends behind to move abroad, it might still feel like the roller coaster ride of a lifetime. One of the challenges would be figuring out the…
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