Posted on June 17, 2019.
Treasury, FIC, Hawks, NPA give Parly update…
report to clients end of April …
It now seems inevitable that the Minister of Finance will be tabling a General Anti Tax-avoidance (GATA) Bill by July 2019 as part of National Treasury’s plan to protect the tax base primarily aimed, as one MP put it, at “knocking profit shifting on the head”. Changes to the Companies Act are also to be introduced.
A high-powered meeting, chaired jointly by Yunus Carrim of the Standing Committee on Finance and Joan Fubbs of the Portfolio Committee on Trade and Industry, listened a few days before Parliament closed in April, to report-backs which came from National Treasury, the Hawks, National Prosecuting Authority (NPA) and others combiningg to stem the flow of illicit funds.
Posted in Cabinet,Presidential, Finance, economic, Justice, constitutional, Police, Security, Trade & Industry
Posted on June 7, 2019.
New Cybercrime Bill
……Every business must have a battle plan
In the light of the fact that the Cybercrimes Bill, now passed by Parliament, places obligations on financial institutions and service providers to report incidents to SAPS, it would seem imperative that preparedness by business for a cybercrime incident must include a well-planned response plan.
Posted in Communications, Finance, economic, Home Page Slider, Justice, constitutional, Police, Security, Security,police,defence, Trade & Industry
Posted on July 17, 2018.
Treasury, Home Affairs at odds on customs issues
Parliament will be debating in the new session in August the Border Management Authority Bill. What the Bill proposes is a single state entity known as the Border Management Authority (BMA) to oversee all aspects of the movement in the import/export of goods and to control movement of all persons either leaving or entering the country.
The idea is that all border law enforcement functions along South Africa’s fragmented 5,000 kilometres of border will be the responsibility of the BMA. Read More…… Border Management Bill July 2018 PDF
Posted in Agriculture, Finance, economic, Security, Security,police,defence, Trade & Industry, Transport