South Africa

Economic Regulation of Transport Amendment Act 10 of 2025

The Economic Regulation of Transport Amendment Act 10 of 2025 amends the Economic Regulation of Transport Act, 2024, to correct erroneous references in Schedule 1. Specifically, it substitutes the year '2020' with '2024' in the citation of the principal Act. The Act will come into effect on March 3, 2026.

Revenue Laws Amendment Act 6 of 2025

The South African government has enacted the Revenue Laws Amendment Act 6 of 2025. This act amends the Income Tax Act, 1962, by updating certain definitions and provisions from the previous year's amendment act. The commencement date for these changes is December 24, 2025.

Adjustments Appropriation Act 2 of 2026

The Adjustments Appropriation Act 2 of 2026 has been enacted in South Africa, effective February 11, 2026. This Act makes adjustments to the appropriation of money from the National Revenue Fund for the State's requirements during the 2025/26 financial year.

Division of Revenue Amendment Act 12 of 2025

The Division of Revenue Amendment Act 12 of 2025 amends the Division of Revenue Act, 2025, in accordance with the Money Bills and Related Matters Act, 2009. This amendment provides for matters connected therewith and takes effect on February 11, 2026.

Special Appropriation Act 1 of 2026

The Special Appropriation Act 1 of 2026 appropriates additional funds for the South African Department of Health for the 2025/26 financial year. This is to address a shortfall caused by the withdrawal of international donor funding to the health sector.

Proposed Directive on Internal Liquidity Adequacy Assessment Process

The South African Prudential Authority has issued a proposed directive for consultation regarding the Internal Liquidity Adequacy Assessment Process (ILAAP). This directive is based on Basel Committee on Banking Supervision principles for sound liquidity risk management.

Prudential Authority Circular C1-2026: Status of Bank Circulars

The Prudential Authority (PA) has issued Circular C1-2026 to confirm the status of previously issued bank circulars. This annual confirmation aims to ensure clarity for regulated entities regarding which circulars remain effective.

Prudential Authority Guidance Note Status Update

The South African Prudential Authority has issued Guidance Note 1 of 2026, updating the status of previously issued guidance notes for deposit-taking institutions. This annual note clarifies which guidance remains in effect for the upcoming year, ensuring awareness among banks, controlling companies, and their auditors.

Proposed Directive on Bank Reporting Requirements (Regulation 46)

The South African Prudential Authority has issued a proposed directive for consultation regarding reporting requirements under Regulation 46 of the Regulations relating to Banks. This directive aims to specify the Banks Act (BA) returns that require auditing or review under a limited assurance framework.