5 important things happening in South Africa today

 ·19 Feb 2024

Here’s what is happening in and affecting South Africa today:

  • SIU to probe 20 years of visa fraud: President Cyril Ramaphosa has authorised the Special Investigating Unit (SIU) to investigate allegations of maladministration in the issuance of visas by the Department of Home Affairs. The probe will cover 20 years and focus on corporate visas, work permits, permanent residency, and the naturalisation of foreigners. [Business Day]

  • Gauteng courts go digital, but many documents ‘disappear’ in the cloud: Gauteng courts have gone digital, but the use of cloud-based systems like CaseLines and Court Online has led to frustration among legal practitioners. Delays, lags, and document disappearances have been reported, with a legal practitioner saying a court could not be implemented after it has vanished. [TimesLive]

  • Auditing watchdog wants accountants independently regulated: Imre Nagy, the head of the Independent Regulatory Board for Auditors (IRBA), has said that the greylisting of South Africa by the Financial Action Task Force (FATF) in 2023 has brought to light the need for a legislative framework that governs the accounting profession. He stated that this gap is a flaw in the regulatory system of the country’s financial sector. [News24]

  • D-Day for ANC to hand over cadre deployment records: Today is the final day that the ANC has to hand over its cadre deployment records to the DA after the Constitutional Court last week gave the governing party five days to do so. [BusinessTech]

  • Markets: South Africa’s rand firmed at the tail end of last week ahead of this week’s much-anticipated budget speech. On Monday (19 February), the rand was trading at R18.90 to the dollar, R23.87 to the pound, and R20.37 to the euro. Oil is trading at $82.86 a barrel. [Reuters]

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