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Recent weeks have seen a noticeable increase in AA88 notices being issued by the South African Revenue Service (SARS). These notices require employers to deduct outstanding tax amounts directly from an employee’s salary. The employer details reflected on an AA88 are typically sourced from SARS records, often based on the most recent IRP5 submission. It...

On Wednesday, 25 February 2026 at 14:00, the Minister of Finance, Mr Enoch Godongwana, will present the 2026 Budget Speech in the National Assembly.

The South African Reserve Bank’s Monetary Policy Committee (MPC) has announced a further reduction of the Repo Rate, cutting it by 25 basis points effective 20 November 2025. This marks the fourth rate decrease for the year. The Repo Rate, which is the benchmark interest rate at which the Reserve Bank lends to commercial banks,...

The South African Reserve Bank’s Monetary Policy Committee (MPC) opted to keep the repo rate unchanged at 7% following its September meeting, marking the first pause since July. The prime lending rate remains at 10.5%. The decision was a close call, with four members voting to hold rates and two in favour of a 25...

The South African Reserve Bank’s Monetary Policy Committee (MPC) has announced a reduction in the Repo Rate by 25 basis points, effective 31 July 2025. This marks the third rate cut in 2025. The Repo Rate, which serves as the benchmark interest rate at which the Reserve Bank lends to commercial banks, will now be...