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News & Views

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Riding the Green Wave: Embracing Sustainability in African & MENA Tourism

The global tourism industry is awakening to the need for sustainability, responding to increasing travel demand for eco-friendly options.   This article delves into the exciting sustainability landscape within the hospitality and leisure sectors across South Africa, the broader African continent, and the Middle East and North Africa (MENA) region—collectively known as the MEA region. We will discuss both the challenges and the opportunities within the tourism industry.

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Wellbeing at Work – Small Changes, Big Impact

April 7th saw the celebration of World Health Day, headed by the World Health Organization [WHO]. This years’ World Health Day theme – “Healthy Beginnings, Hopeful Futures” – aims to focus on maternal and newborn health, pressuring communities and government to find ways to end preventable maternal and newborn deaths, while prioritising long-term health and wellbeing for women. This includes providing support to both women and families before, during, and after birth.   As Rebecca White elaborates below, this day serves not only as a reminder of the challenges we still face but also as a call to communities and governments to take meaningful steps toward healthier futures for all.

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Carbon Tax: A Basic Overview

South Africa’s carbon tax is an important tool in the country’s efforts to reduce carbon dioxide (CO2) equivalents of greenhouse gas emissions whilst combatting climate change. By placing a price on carbon emissions, carbon tax prompts entities to decrease their carbon footprint by investing in cleaner, more sustainable practices.

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The Impact of ESG Goals on the Automotive Sector: South African Insights with Global Relevance

The global automotive industry is transforming as Environmental, Social, and Governance (ESG) principles reshape manufacturing, supply chains, and vehicle technologies. South Africa, a key automotive exporter, faces unique challenges and opportunities in adapting to stricter sustainability regulations and shifting market demands.  This article explores how the industry is driving sustainability through innovation, policy support, and supply chain localization. From new energy vehicles to eco-friendly manufacturing, South Africa’s approach offers valuable lessons for global manufacturers navigating the ESG transition.

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Celebrating International Women's Day: A Global Call to Action

International Women's Day (IWD), celebrated annually on March 8th, is a global day dedicated to honoring the social, economic, cultural, and political achievements of women. It also serves as a call to action for accelerating gender parity and addressing ongoing challenges faced by women worldwide.

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After A Decade, The IASB Releases the Third Edition of the International Financial Reporting Standard for Small and Medium-Sized Entities (IFRS for SMES)

The International Financial Reporting Standard for Small and Medium-sized Entities, shortened to “IFRS for SMEs”, was initially released by the International Accounting Standards Board (IASB) in 2009 to provide a simplified and tailored financial reporting framework for small and medium-sized enterprises (SMEs). The IASB recognised that full IFRS standards were designed primarily for publicly accountable entities (e.g., listed companies and financial institutions), making them complex and costly for SMEs to apply.

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Unpacking Specific Goals with Regards to Public Procurement (Government Tenders) in South Africa

The South African Government has prioritised redressing the inequalities created by the apartheid system. One of the key instruments used to achieve this goal is the Preferential Procurement Policy Framework Act (PPPFA), alongside its regulations, which direct how the government institutions are to prioritize the economic empowerment of historically disadvantaged individuals (HDIs) when these government institutions procure goods and services.

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South Africa’s 2025 Economic Outlook

Economists are cautiously optimistic about South Africa’s economic prospects in 2025. The effects of structural reforms and increased investment in the South African economy have largely contributed to the positive economic outlook. While opportunities exist, geopolitical and international developments could pose significant challenges, creating additional economic headwinds.

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Thistle – A Continued Thorn in the Taxpayer’s Side

The taxation of trusts in South Africa (“SA”) has long been a debated area of tax law, shaped by evolving legal interpretations. The recent case of Thistle Trust v Commissioner for the South African Revenue Service (CCT 337/22) [2024] ZACC 19 (2 October 2024) (“Thistle”) addresses the tax treatment of capital gains arising within multi-tiered trust structures.   This article briefly explores the taxation of different types of trusts in SA and examines the impact of the Thistle decision.

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Just Energy Transition (JET) and Implications for Business

Over the recent past, the concept of the Just Energy Transition has gained considerable momentum globally as countries urgently seek to balance action on climate change with socio-economic equity.   With South Africa's heavy reliance on coal for energy and jobs, the JET presents immediate business challenges and opportunities. The implications of JET for South African businesses and social and environmental aspects are discussed and explored within this article in that it will look at the main drivers of transition, risk, and opportunities that businesses might encounter and cover the actionable takeaways for navigation in this urgent and complex landscape.