August 2026

We would like to inform you that AgriSETA will be conducting Mandatory and Discretionary Audits throughout November. All clients selected for an audit will receive an official audit notice directly from AgriSETA. To ensure a smooth process and to provide you with the necessary guidance, please feel free to reach out to licinda.cordier@pinionza.com or rene.botha@pinionza.com for assistance. Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Pinion Human Capital is pleased to invite you to participate in our upcoming training sessions focused on Labour Law in the Workplace and Harassment in the Workplace. These sessions are designed to enhance your understanding of workplace rights and responsibilities, as well as to promote a safe and respectful work environment for all employees. Who Should Attend: This training is open to all employees and management staff. It is especially beneficial for anyone involved in employee relations, management, or compliance roles. Please register by clicking on the links provided or contact madelaine.loock@pinionza.com for more info. Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Dear Valued Clients, We wish to bring to your attention a significant update from the Property Practitioners Regulatory Authority (PPRA) regarding BEE certificates, communicated by Dr. Steven Ngubeni, Chairman of the PPRA, to our Chief Executive, Jan le Roux. In a recent letter, Dr. Ngubeni stated: “After careful consideration and consultation with our legal advisors, we have resolved that the term ‘valid’ in the context of BEE certificates does not imply ‘compliant’.” This new directive means that while industry participants will be required to submit valid BEE certificates obtained from accredited agencies, there will be no minimum BEE score or compliance requirement. This announcement comes as a relief to many in our sector, particularly after the previous notice from the PPRA that sparked uncertainty around enforcing compliant BEE certificates for the upcoming round of FFC renewals. The initial decision left many real estate business owners scrambling to meet compliance requirements, causing widespread concern throughout the industry. Jan le Roux expressed his gratitude for the PPRA’s reconsideration, stating: “We are pleased that the PPRA has seen fit to review its decision, which would have had catastrophic consequences for the industry, ironically undermining the very transformation the PPRA seeks to encourage.” Le Roux also highlighted the success of collaborative efforts in achieving this outcome, saying: “We are also pleased to note that months of negotiations have borne fruit. Coming together around the table proved to be a much faster, cheaper, and less acrimonious solution than heading straight to court.” While this change alleviates immediate pressures, le Roux emphasizes Rebosa’s unwavering commitment to the goal of transformation within the industry: “As an industry, we absolutely need to support active transformation. Our hope is that the PPRA will take a serious look at the NPPC’s transformation proposal, which would use the Property Sector Transformation Fund to facilitate true transformation.” Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Dear Valued Clients, Please note that the EE Amendments Act, No. 4 of 2022 (EEAA) and its regulations HAVE NOT come into effect yet, the Department of Employment and Labour has confirmed that the status quo in respect of the reporting period for 2024 will remain unchanged. Therefore, ALL previously deemed designated employers are still required to submit their annual EE Returns by the relevant due dates. This includes employers employing less than 50 employees, but with a turnover exceeding the threshold in the ACT. The 2024 EE Reporting period will be open from 1 September 2024 and will close on 15 January 2025 for online submissions. Please contact licinda.cordier@pinionza.com or rene.botha@pinionza.com for more information and assistance.  Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Vernon (Futa) Oxenham futa.oxenham@pinionza.com +27 (0)84 730 5589 Dear Valued Clients We are pleased to announce that Vernon Oxenham, affectionately known as Futa, has joined the Pinion Advisory Team effective 1 August 2024.Vernon brings a wealth of farming experience, having successfully managed a dairy farm for 40 years and a citrus farm for 15 years. His extensive background in agriculture is complemented by his specialty in training farm workforces, from junior to senior workers. Vernon is highly engaged with his audience, and his enthusiasm and effective delivery ensure deep understanding and application of the training. Vernon’s approach is hands-on and thorough. He believes in walking the farm, observing the workforce, assessing animal conditions, and evaluating pasture quality to get a comprehensive understanding of the farm’s operations. He then identifies problem areas and provides practical solutions and measures to address them. His philosophy can be summed up as: Train, Assess, Correct, Measure = Results. This aligns with Pinion Advisory’s objective of client empowerment. Key Services Provided by Vernon (Futa) Oxenham: We are excited to welcome Vernon to the Pinion Advisory team and look forward to the positive impact he will have. “Every man lives a history in the making.My gift is to share my knowledge and skills back into the farming industry.My wish is that the modernised farming industry will never lose sight of the value of a farmer walking his lands.” – Vernon (Futa) Oxenham Warm regards, The Pinion SA Executive Team Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

The Companies and Intellectual Property Commission (CIPC) will, with effect from the 1st of July 2024, strictly enforce the filing of Beneficial Ownership Declarations with the filing of Annual Returns. The requirement for companies and close corporations, registered with the CIPC, to file Beneficial Ownership information was initiated as a result of the amendments brought about by the General Laws (anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 22 of 2022, which amended the Companies Act, 2008 (“the Act”). In terms of the amendment, as from 24 May 2023, with the implementation of the relevant Regulations, all companies and close corporations must file their Annual Returns with the CIPC, together with the Beneficial Ownership Declaration and security register or beneficial interest register (as applicable), within 30 business days after its anniversary date. While CIPC customers were initially afforded an “option” to defer the filing of Beneficial Ownership information together with Annual Returns, this will no longer be the case, as from the 1st of July 2024. The implementation of the HARD-STOP FUNCTIONALITY means companies and close corporations will not be able to file their Annual Returns via any of the CIPC electronic platforms unless the Beneficial Ownership Declaration has been submitted and/or is up to date. As per the Act, as amended, Beneficial Ownership Declarations, Annual Financial Statements /Financial Accountability Supplements must be filed with an Annual Return. All companies and close corporations are required by law to file their Annual Returns with the CIPC during their anniversary month every year. As such, enterprises are required to comply with Beneficial Ownership Declaration filings during the same period. There are several consequences a company or close corporation may face if Beneficial Ownership information is not up to date. The entity may incur penalties for the late filing of Annual Returns, enforcement action may be taken by the CIPC through investigation into the administration and governance processes of a business and even the issuing of a compliance notice; and/or referral for deregistration and even final deregistration due to non-compliance. Should you have any queries regarding the submission of the Beneficial Ownership declaration, please contact Melissa Blochlinger; melissa.blochlinger@pinionza.com Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Jer Nortje jer.nortje@pinionza.com +27 (0)82 459 7596 Lukas Snetler lukas.snetler@pinionza.com +27 (0)82 496 6790 Dear Valued Clients, We are thrilled to announce that L&J Consulting, led by the experienced Jer Nortje and Lukas Snetler, has officially joined the Pinion SA family! Their expertise will now be available under the Pinion Advisory banner, where they will focus on assisting clients with business finance solutions tailored to meet various needs such as cash flow management, business expansion, new ventures, capital expenditure, and more. Jer and Lukas come to us with extensive backgrounds in the formal banking sector, which equips them with a deep understanding of the loan acquisition process. They are well-versed in the requirements for securing loans, including funding proposals, financial structuring, and loan viability assessments. Their unmatched knowledge enables them to navigate bank lending criteria effectively and compile compelling proposals that achieve the best possible terms for you. In addition to securing funding, Jer and Lukas will negotiate on your behalf and guide you through the entire process until the funds are disbursed. They will also provide support for annual reviews, and any future financing needs you may encounter. We are confident that the integration of L&J Consulting into our service offerings will significantly enhance the support we provide to our clients. Thank you for your continued trust in us. Warm regards, The Pinion SA Executive Team Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

Effective September 2023, Trusts are required to submit to SARS an IT3(t) form for the Trust. Submission of the IT3(t) form is required in addition to the current Trust Return Process and will need to be completed before the annual Trust Income Tax Return is submitted. The IT3(t) form is to be submitted to the South African Revenue Service (SARS) annually and serves as a crucial component of trust compliance and transparency. The submission involves reporting any amount vested in a beneficiary during a specific tax year. In essence, it’s a declaration of the trust’s income distribution to beneficiaries. The IT3(t) submission entails disclosing various types of income distributed to beneficiaries, including capital gains, dividends, interest, rental income, and any other income generated by the trust. Additionally, it requires providing detailed information on the beneficiaries who received these distributions. It’s essential to note that the submission deadline for trusts typically falls by the end of September each year. However, the exact deadline may vary, and it’s recommended that trusts consult with a tax professional or refer to SARS guidelines for the specific submission deadline to avoid any potential penalties or fines. To comply with new SARS requirements, it is now necessary to update your tax representatives for Trusts. This update is essential for accurate IT3(t) submissions. In the coming weeks, Pinion SA’s Trust clients will receive a request from Simelita Adolph (simelita.adolph@pinionza.com) regarding this update. Please prioritise responding to ensure compliance and accurate tax filings. For any questions or assistance, feel free to contact us at info@pinionza.com or 041 368 6691.Join our WhatsApp channel to stay up-to-date on all the latest news and important information. Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

DEADLINE EXTENDED TO 12 JULY 2024 The Information Regulator of South Africa requires ALL public and private bodies to submit their annual reports for the 2024 financial year on all access to information requests they received and processed under the Promotion of Access to Information Act 2 of 2000 (PAIA). This is a mandatory requirement, and all bodies must submit their reports, including private bodies which are required to furnish the Regulator with details on requests for access to records received and processed. The deadline for submission has been extended to 12 July 2024. When submitting the report, the information officer will be prompted to provide answers to a set of questions, covering the period from April 1, 2023 to March 31, 2024, regardless of the organisation’s financial year-end date. If an organisation fails to submit a report on time, the Regulator may conduct an assessment of the organisation’s compliance with the Promotion of Access to Information Act (PAIA). This assessment may include a physical inspection and review of documents. Non-compliance with PAIA can lead to enforcement proceedings. To avoid this, organisations are advised to comply with their obligations under PAIA by submitting reports promptly. Should you have any queries regarding the submission of the PAIA annual report, please contact Rene Botha; rene.botha@pinionza.com or Licinda Cordier; licinda.cordier@pinionza.com. Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.

During the period from June 30, 2024, to July 14, 2024, SARS will be issuing auto-assessments. You will receive notifications via SMS and email outlining the process, with notifications scheduled to be sent between 7:00 AM and 9:00 PM daily. Please note that these notifications will not include hyperlinks to eFiling or the MobiApp. Instead, you will need to log into eFiling or the MobiApp using your login credentials to view your auto-assessment. To avoid phishing scams, we recommend typing the eFiling URL directly into your web browser. Remember that SARS never includes hyperlinks in their official communications. All email correspondence from SARS will come from an @sars.gov.za email address. If you have any doubts or would like a second opinion, please don’t hesitate to contact us at 041 368 6691 or email us at info@pinionza.com Please take note of the 2024 Income Tax return filing dates: 1 to 14 July 2024 – Auto-assessment notices15 July 2024 to 21 October 2024 – Individual taxpayers (non-provisional)15 July 2024 to 20 January 2025 – Provisional taxpayers16 September 2024 to 20 January 2025 – Trusts Disclaimer: The information supplied herein should not be used or relied upon as professional advice.  No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein.  Always contact our office for specific and detailed advice. Any legal information presented is a precis of current legislation, is subject to change and should not be used as a substitute for detailed professional advice. Copyright © 2024 Pinion South Africa. All rights reserved.