Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.

Comment Extended on UIF Proposal

National Treasury

Stakeholders have been given another month to comment on the proposal, announced during Budget 2015, to introduce a temporary reduction in employers and employees’ contributions to the Unemployment Insurance Fund (UIF), whilst keeping benefits unchanged.

In a statement, national treasury indicated that the extension was granted following discussions with the labour and business constituencies at Nedlac.

IRBA Sets New Fees for Auditors

Independent Regulatory Board for Auditors

The Independent Regulatory Board for Auditors (IRBA), in Government Gazette 38602, has set down new fees for the auditing profession.

The Auditing Profession Act empowers the IRBA to revise the fees on an annual basis.

Black Industrialists Under the Spotlight

Department of Trade and Industry

R1 billion in incentives will be made available to support the Black Industrialists Development Programme (BIDP).

The trade and industry minister, Rob Davies, gave this commitment during the Black Industrialists Indaba held in Midrand this week.

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