Are You FICA Compliant? 7 Key Requirements You Need to Know
- Oct
- 16
- Posted by MDACC
- Posted in CoSec Blog

The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities by making it more difficult for criminals to benefit from the proceeds of crime. The FIC Amendment Act (FICAA) brings South Africa closer to international standards and best practices recommended by the Financial […]
read morePAIA – Deadline for website compliance by 26 October 2023
- Oct
- 10
- Posted by MDACC
- Posted in CoSec Blog

You may have already received a Compliance Notice in terms of Section 83(3)(d) of the Promotion of Access to Information Act 2 of 2000 (PAIA). Whilst this notice is aimed at entities who have not updated their PAIA Manuals in line with the Act, there is now another mandatory form that should be included in your […]
read moreCIPC Beneficial Ownership and what is required
- Aug
- 07
- Posted by MDACC
- Posted in CoSec Blog

The Companies and Intellectual Property Commission (CIPC) is to keep a register of beneficial ownership (BO) for companies and close corporations that will serve as a repository of natural persons who own or exercise control over legal entities registered with the CIPC. This move is aimed at assisting law enforcement with relevant information during their investigations […]
read morePAIA – Deadline for section 83(4) report less than a week away
- Jun
- 23
- Posted by MDACC
- Posted in CoSec Blog

The Information Regulator published a notice on 7 May 2023, inviting all private bodies to submit a report by Friday, 30 June 2023, detailing requests for access to the records of these private bodies. This applies to: Natural persons who are/have previously carried on any trade, business, or profession, but only in such capacity. Partnerships that are/have […]
read moreTrust Resolutions: A Majority of Trustees’ Decision is no longer binding on a Trust
- Jun
- 13
- Posted by MDACC
- Posted in CoSec Blog

Many trust deeds provide for ‘majority rule’ that if a decision is made by the majority of trustees and a resolution authorising the same is signed by the majority of trustees, the decision and accompanying resolution are valid. In May 2023 this was changed when the Supreme Court of Appeal (‘SCA’) handed down a judgement […]
read moreNew Trustee Obligation to report to the Master of the High Court
- May
- 17
- Posted by MDACC
- Posted in CoSec Blog

As you may be aware, a new reporting obligation for Trustees was gazetted on 31 March 2023, which amended the Trust Property Control Act, Act 57 of 1998 (TPCA). This means that with effect from 1 April 2023, Trustees are obligated to lodge and keep up-to-date records of the beneficial ownership of trusts. This amendment […]
read moreWhy POPIA is actually valuable
- Dec
- 01
- Posted by MDACC
- Posted in CoSec Blog

Smart farming: IoT and your farming equipment Combined Agriculture, Aquaculture & Fishing, and Technology, Media & Telecommunications Alert – 30 November 2022 “The Internet of Things (IoT) is a term used to describe the connecting of physical objects to each other via the internet in order to exchange data between them. IoT capabilities are increasingly […]
read moreLeave your dependants a lasting gift
- Sep
- 15
- Posted by MDACC
- Posted in CoSec Blog

AS IT IS WILLS MONTH MAKE SURE THAT YOUR FINAL WISHES COME TRUE As Professional Executors and Estate Planners, it is frustrating to see a family torn apart by conflict or financially devastated due to a badly drafted or outdated Will and Estate Plan. Even worse is where there is no will or plan at […]
read moreRecent Posts
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- Congratulations Stephanie on 10 years with MD! 01/11/2023
- Celebrating Cedric’s 25 years and Stephanie’s 10 years! 28/10/2023
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- Are You FICA Compliant? 7 Key Requirements You Need to Know 16/10/2023
- SARS EMP501 Interim Submission – August 2023 period 15/10/2023
- Cedric Coetzer – 25th Work Anniversary! 12/10/2023
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- PAIA – Deadline for website compliance by 26 October 2023 10/10/2023
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- Congratulations Kelly, you are now a SARS Tax Practitioner! 05/10/2023
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- SARS EMP501 Interim Submission – August 2023 period 20/09/2023
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- Congratulations Sam on your 5-year anniversary at MD! 03/09/2023
- Congratulations to Cecelia on your promotion! 02/09/2023
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- #TeamMD beautiful morning walk 18/08/2023
- Happy Women’s Day 2023 09/08/2023
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- We welcome Tatenda to MD! 08/08/2023
- New Requirements for PBO Donations 08/08/2023
- CIPC Beneficial Ownership and what is required 07/08/2023
- FICA and MD 28/07/2023