NEWS & MEDIA

Vets are out and auditors and engineers are in!

Massive changes afoot for critical skilled workers list in South Africa… Recent updates to immigration law in South Africa has seen massive changes to the critical skills list – this now includes a focus on Information Technology Sector, Accounting and Auditing Sectors and Engineering Fields.

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Emigrating – tie up your tax affairs now

With the surge of South Africans currently emigrating, tying up their financial affairs and ensuring all their taxes due to SARS (South African Revenue Services) is of utmost importance.

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THE NEW NATIONAL BIODIVERSITY OFFSET GUIDELINE: A STEP TOWARDS BALANCING DEVELOPMENT AND CONSERVATION

Biodiversity offsetting is a conservation strategy that aims to compensate for the negative impacts of development projects on biodiversity by creating or restoring ecosystems elsewhere. It involves calculating the ecological value of an area that will be disturbed or destroyed due to human activities, such as construction, mining, or infrastructure development, and then creating or enhancing similar habitats in other locations to counterbalance the loss.

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Crypto assets and estate planning

Crypto assets have, in recent times, earned greater respect as an alternative asset class. We are yet to see the mass adoption of crypto assets as “currency”, but there is a growing segment of the South African population that view crypto assets as a legitimate way to diversify, grow, or preserve their wealth.

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Crypto Assets are financial products i.t.o. FAIS Act

At this stage, crypto mining has not been considered in the legislation, and neither have non-fungible tokens (NFTs). Legislation has also failed to address the status of cryptocurrencies as legal tender– an issue that would fall under the jurisdiction of the South African Reserve Bank.

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All eyes on the Pretoria High Court: The DA’s challenge to the EEA amendments heads to court for hearing on 6 May 2025

On 14 June 2023, the Democratic Alliance (“DA”) launched an application in the Pretoria High Court, challenging some of the most recent amendments to the Employment Equity Act 55 of 1998 (“EEA”), as unconstitutional and invalid.

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