
We have just sent out our latest Communiqué newsletter, and we want to bring some important updates to your attention.
As many of us have experienced, there has been a devastating increase in power outages recently. While we have backup power in our offices, many service providers, such as cell phone towers and internet suppliers, experience power outages, which hamper communication. Therefore, we ask that clients send written email instructions and follow up with a WhatsApp message or phone call to ensure we receive the message and act accordingly.
In other news, the National Budget 2023 has been announced, and we have highlighted some of the key updates, such as tax relief and an expanded tax incentive for renewable energy assets.
Unfortunately, South Africa has been grey-listed by the Financial Action Task Force (FATF), meaning it is under increased monitoring for strategic deficiencies in its systems to counter financial crimes. This decision may impact business conduct locally and abroad.
Please read the full Communiqué for more details on these updates and what they mean for our clients. If you have any questions, feel free to contact our office or any advisor.
Thank you for your continued support.
Read the full Communiqué here.
