Capitec Bank faces R28m in Prudential Authority penalties after FICA breaches in customer checks, AML controls and training, with part of the fine suspended.
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SAB pushes for inflation-linked alcohol tax as prices keep rising
SAB has urged the National Treasury to link alcohol excise tax increases to inflation, warning higher hikes could fuel illicit trade and threaten jobs.
South Africa proposes new BEE tax as experts signal end of current framework
New proposals could replace South Africa's current BEE system with a corporate levy or tax surcharge, as economists signal major changes to transformation policy.
SA homeowners could pay up to R1,847 more monthly if repo rate rises in July
South African homeowners could pay up to R1,847 more a month on their home loans if the Reserve Bank raises the repo rate by 25 basis points in July 2026.
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