Leadership continuity at the South African Revenue Service (SARS) is expected to reinforce the trajectory of increased enforcement and compliance, following the appointment of Dr Johnstone Makhubu as the incoming Commissioner. News24 reports that Makhubu’s appointment follows a unanimous recommendation by a selection panel convened by Finance Minister Enoch Godongwana ...
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Moneyweb reports that the Pension Funds Adjudicator (PFA) has raised serious concerns over the ongoing failure of retirement funds and administrators to respond properly to member complaints. Adjudicator Lebogang Mogashoa notes persistent issues, including delayed or absent responses, repeated extension requests, and submissions that fail to address the substance of ...
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The Citizen reports that SARS has identified nearly 50,000 businesses operating above the VAT registration threshold but failing to register, placing them firmly in the regulator’s crosshairs. In response to a Parliamentary question, it was revealed that 11 988 businesses were forcibly registered during the 2025/26 financial year ...
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By Lee Rossini
The global financial services sector is undergoing a wave of consolidation, driven by shifting economic conditions, technological disruption, and evolving client expectations. This trend, visible across banking, payments, and fintech, reflects a broader transformation in how financial services are delivered and consumed.
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