Monthly Archives: Jun 2020

Cecil Kilpin | June 2020 Newsletter

By |2020-12-03T06:40:36+02:00Jun 29th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

The Protection of Personal Information Act 4 of 2013 (POPI) On the 17th of June, President Ramaphosa signed the final enabling legislation to finally give effect to POPI with effect from 1st July 2020. Although it comes into full force, businesses have until the end of June 2021 to comply with the ACT.     The key aims of the POPI ACT is as follows: To promote the protection of personal information processed by public and private bodies; To introduce certain conditions so as to establish minimum requirements for the processing of personal information; To provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000; To provide for the issuing of [...]

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Cecil Kilpin | June 2020: Supplementary Budget

By |2020-12-03T06:46:30+02:00Jun 26th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

Liduma lidlule!The storm shall pass! The purpose of the supplementary budget is obviously due to the historic nature of this pandemic and economic downturn. A second adjustments budget in October will be tabled together with the Medium‐Term Budget Policy Statement. The Budget Does Two Things:First, it brings an Adjustments Appropriation Bill and a Division of Revenue Amendment Bill to the House. These Bills ask Parliament to approve the response package for COVID‐19.   Second, it lays a path for the direction the president gave us on 21 April to “not merely return our economy to where it was before the Corona virus, but to forge a new economy in a new global reality” This Supplementary Budget sets out a road-map to stabilise debt, by improving spending patterns, and creating a foundation for economic [...]

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