How SARB’s New Rules Affect the Transfer of South African-sourced Income Abroad
At the end of October 2025, the South African Reserve Bank (SARB) introduced material changes to the processing of cross-border income transfers. While intended to reinforce compliance and enhance alignment between SARB and the South African Revenue Service (SARS), these measures mean that no South African-sourced income may be remitted abroad until SARS has verified […]
SARS Sequestrates Director Over R155 Million Company Tax Debt – Pay Your Taxes or Face the Consequences
The South African Revenue Services’ (SARS) provisional sequestration of Mr Roy Muleya, sole director of a company with a tax liability of about R155 million, underscores the serious consequences of tax non-compliance, as confirmed by the North Gauteng High Court on 29 October 2025.
