August 2026

Dear Clients Please note that the EE Amendments Act, No. 4 of 2022 has NOT yet been gazetted. Therefore, all previously deemed designated employers are still required to submit their annual report. The new reporting seasons opens during October 2024. Please be advised that Pinion Human Capital will inform all clients as soon as the EE Amendments have been signed off by the President and gazetted. Please contact us should you require more information on the above;Natassja.barnard@pinionza.com With the rise of fraudsters impersonating financial institutions, we’re seeing a growing number of attempts to deceive clients into revealing personal information. As a precaution, we want to alert you to a recent phishing scam targeting our clients. If you suspect any fraudulent activity, please do not hesitate to reach out to our team at 041 368 6691 or email us at leslee.marsh@pinionza.com. We are here to help and support you in keeping your information secure. Example of a phishing scam below: South Africa’s Two-Pot Retirement System Officially Takes Effect as President Signs Bill South African President Cyril Ramaphosa has given the green light to a new retirement fund system, which will allow individuals to tap into a portion of their savings while still working. The new two-pot system aims to prevent premature withdrawal of funds and provide financial assistance during emergencies. From September 1, 2024, retirement fund contributions will be split into two components: a savings component and a retirement component. With the new system, withdrawals from the savings pot will be subject to taxation, adding the withdrawn amount to your taxable income for the year. As a result, individuals may find themselves in a higher tax bracket. We highly recommend that you consult with a financial advisor before making any withdrawals from your investments, as this can have significant long-term implications Pinion Wealth SA will keep you informed about any necessary steps to take after the official implementation in September. Protect Yourself From SARS Scams! If you’re unsure about a SARS-related email, phone call, or text message, or need a second opinion, please contact us at info@pinionza.com. The PINION SA Team and HOBSON & CO recently hosted an afternoon focus group to explore the future of livestock farming. We were honoured to have Basil Doonan, a renowned business consultant from Pinion Advisory, Australia, join us. Additionally, Dr. Fanie Steyn and his team from Absolute Genetics and Ramsem were in attendance, sharing their expertise and insights. We would like to extend a special thank you to these esteemed guests for their contributions to the discussion. Important Dates 25 June 2024 – VAT manual submissions and payments28 June 2024 – VAT electronic submissions and payment28 June 2024 – CIT Provisional tax payments 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.

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 is 30 June 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.

Join us for an exclusive afternoon on the future of livestock farming! We’ll be exploring the latest strategies to optimize your natural resources, identify true profit drivers, and uncover the secrets of low-cost livestock operations. You’ll also learn how to leverage advancements in genetics and benefit from expert insights. Monday, 10 June 2024Duke of Bedford, 38 Donkin Street Bedford 578013:30 – 17:00 Our expert lineup includes: Don’t miss this opportunity to gain valuable insights and connect with industry experts. Register now to join us for an afternoon of knowledge sharing and networking at no cost to you or your business. Register by the 3rd of June 2024 by responding to this email or contact:Hugh – hugh.oxenham@pinionza.com / 071 606 4906Murray – murray@hobsonandco.co.za / 083 601 6545 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.

Join us for a day dedicated to enhancing your skills in pasture management. This course is designed for individuals looking to improve their knowledge and expertise in effectively managing pastures for greater profitability. Whether you are a beginner or an experienced pasture manager, Basil offers valuable insights and strategies to help you optimise grass for maximum profit. Additionally, we will be providing on-farm coaching sessions in the coming months to reinforce the concepts covered and help participants become more comfortable in their everyday decision-making. Attendance at these sessions is optional, and further information will be provided on the day. Don’t miss out on this opportunity to refine your skills and enhance your success in pasture management. 31st May 2024 – Nanaga Farm Stall, intersection of the N2, R72 and the N10 highways, Sundays River Valley6th June 2024 – Humansdorp, 34B Bureau Street (ACS Academy) Cost: R3750 per attendeeDiscounted rate of R2750 per attendee for 2 or more participants from the same business. RSVP by 24 May 2024, by responding to this email or contact Georgie at georgie.muller@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.

Join us for a day dedicated to enhancing your skills in pasture management. This course is designed for individuals looking to improve their knowledge and expertise in effectively managing pastures for greater profitability. Whether you are a beginner or an experienced pasture manager, Basil offers valuable insights and strategies to help you optimise grass for maximum profit. Additionally, we will be providing on-farm coaching sessions in the coming months to reinforce the concepts covered and help participants become more comfortable in their everyday decision-making. Attendance at these sessions is optional, and further information will be provided on the day. Don’t miss out on this opportunity to refine your skills and enhance your success in pasture management. 31st May 2024 – Nanaga Farm Stall, intersection of the N2, R72 and the N10 highways, Sundays River Valley6th June 2024 – Humansdorp, 34B Bureau Street (ACS Academy) Cost: R3750 per attendeeDiscounted rate of R2750 per attendee for 2 or more participants from the same business. RSVP before 24 May 2024, by responding to this email or contact Georgie at georgie.muller@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.

In terms of section83(4) of PAIA, the Information Officer (“IO”) of every private body must annually submit to the Regulator a report in respect of access to information requests. PAIA (Promotion of Access to Information Act): PAIA, focuses on providing access to information. Its goal is to facilitate the exercise of the constitutional right to access any information held by the State, as well as any information held by private individuals or organisations. PAIA ensures transparency by promoting the availability and disclosure of information, subject to justifiable restrictions and limitations.   In terms of section 83(4) of PAIA, Heads of Private Bodies or Deputy Information Officers must submit their Annual Reports to the Regulator detailing all requests for access to records, regardless of whether any requests were actually received or processed by the private body. This submission is mandatory. Please note that the portal for submission of access to information Annual Reports will be live from 01 May 2024 and the submission of the said annual reports will close on 30 June 2024. Pinion Human Capital is equipped to help your company methodically adhere to the requirements of the law by offering support in respect of POPI and PAIA compliance. Should you have any questions or require further information, please do not hesitate to reach out to Rene Botha; rene.botha@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.

Diesel Rebates, WSP/ATR Submission Deadline, POPI & PAIA Annual Reporting, Trusts & Tax Compliance, SARS Email scams and more. Diesel Rebates – What you need to know The world of diesel rebates is experiencing significant changes, particularly for farmers and those in the agricultural sector. Recent decisions by the Gauteng High Court in cases involving diesel refund claims have highlighted the importance of meticulous record-keeping. The court emphasized the need for clear and detailed logs. In both cases, taxpayers had their diesel refund claims disallowed due to insufficient evidence of eligible use in their logbooks. The court found that vague descriptions and incomplete records made it difficult to differentiate between eligible and non-eligible usage, leading to the denial of the claims. It is crucial for taxpayers to maintain thorough documentation to support their claims, as lacking such evidence may result in SARS rejecting their refund requests. The key takeaway from these cases is the importance of maintaining precise and detailed records in accordance with the criteria outlined in Schedule 6. Logbooks should provide a comprehensive audit trail of distillate fuel, from purchase to use, to ensure that claims are supported by solid evidence. Taxpayers are strongly advised to prioritize record-keeping to avoid potential disallowance of their diesel refund claims by SARS. SETA MANDATORY GRANT APPLICATIONS 2024/2025 The SETA grants regulation in line with the Skills Development Act stipulates that employers must: Should you have any questions or require further information, please do not hesitate to reach out to Licinda Cordier; licinda.cordier@pinionza.com. POPI AND PAIA COMPLIANCE POPIA (Protection of Personal Information Act): POPIA primarily aims to protect personal information relating to identifiable individuals (natural persons) and, in some cases, identifiable existing organisations (juristic persons). It sets out requirements for the lawful processing of personal information, including its collection, storage, use, and disclosure, to ensure the privacy and protection of individuals’ personal data. PAIA (Promotion of Access to Information Act): PAIA, on the other hand, focuses on providing access to information. Its goal is to facilitate the exercise of the constitutional right to access any information held by the State, as well as any information held by private individuals or organisations. PAIA ensures transparency by promoting the availability and disclosure of information, subject to justifiable restrictions and limitations.   The annual reporting deadline for the PAIA (Promotion of Access to Information Act) in South Africa is 31 May 2024.  If you are an Information Officer for a public or private body, it’s essential to ensure that your report is comprehensive, accurate, and submitted on time.  The Information Regulator oversees compliance with both the PAIA (Promotion of Access to Information Act, 2000) and the POPIA (Protection of Personal Information Act, 2013).  Remember to fulfil your obligations promptly to maintain compliance with these regulations. Both Acts play important roles in balancing the rights of individuals to access information and the protection of personal information. It is essential for business owners to understand and comply with the requirements of both Acts to ensure legal compliance and protect the rights of data subjects. Pinion Human Capital have been equipped to help your company methodically adhere to the requirements of the law by offering support in respect of POPI and PAIA compliance. Should you have any questions or require further information, please do not hesitate to reach out to Licinda Cordier licinda.cordier@pinionza.com or register for the Online POPIA Awareness scheduled for 7 May 2024 via https://www.surveymonkey.com/r/ACADEMYPOPI Trusts & Tax Compliance The number of trust registrations has increased significantly over the past 2 years, with 47% of newly registered trusts in 2023 being registered as taxpayers with SARS. However, there are still an estimated 60% to 65% of trusts not registered as taxpayers. SARS plans to use third-party data to register existing unregistered trusts. SARS also plans to register trusts as taxpayers simultaneously with their registration with the Master of the High Court, similar to new company registrations with the CIPC. SARS requires ALL trusts to submit tax returns, but has made provision for “passive trusts” which are compared to dormant companies with no economic activity. SARS uses the term “passive” as trusts require ongoing compliance. Passive trusts exclude trusts that do not actively trade, such as those holding private residences or passive investments. This allows for a shorter, simplified tax return process for dormant trusts. A trust only needs to submit provisional tax returns if it qualifies as a provisional taxpayer. The deadline for submitting annual tax returns for trusts depends on whether they have any taxable amounts remaining at the end of February each year.  The timing of when a trust must submit its annual tax return can have significant consequences for trustees and practitioners. If a trust qualifies as a provisional taxpayer, it can submit its tax return later in the year, but if it does not, it must submit it earlier. To help alleviate time pressure, it may be beneficial to leave even a small taxable amount in the trust to extend the deadline for submitting the tax return. Income distributions to non-resident beneficiaries are to be taxed in the trust from 1 March 2024. This should be taken into consideration in the determination of whether a trust qualifies as a provisional taxpayer for that tax year. SARS warned that administrative penalties for late submission of trust tax returns will be introduced from September 2024 (note that late submission penalties are already applied to other taxpayer types). Trustees were urged to bring their tax affairs up to date before September 2024 to avoid penalties (this includes the so-called “dormant trusts”). Tax alert for dividend distributions in South Africa An amendment has been made to section 8EA of the Income Tax Act No. 58 of 1962 that will impact all dividends, including foreign dividends, received or gained from years of assessment starting on or after 1 January 2024. Section 8EA is an anti-avoidance rule.The amendment will affect all dividends received from January 1, 2024 onwards. The change means that dividend yields on third-party-backed shares will be considered income unless the funds from the

Venue: Westview Sports Club 1st Avenue, Mill Park Westview Village, Port Elizabeth Our amazing line up boasts speakers from across the globe who will share invaluable insights and knowledge essential to everyone in the Agri Community. R2500 per personGroup Discount applies. Last chance to book your spot!Tickets can be purchased through Quicket, or by responding to this email. We look forward to seeing you all there! 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.

Our amazing line up boasts speakers from across the globe who will share invaluable insights and knowledge essential to everyone in the Agri Community. R2500 per personGroup Discount applies. Book your ticket through Quicket or respond to this email to be invoiced directly. Limited space available. info@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.

Ticket Price: R2500 ppGroup Discount available Tickets can be purchased on Quicket, or you can secure your spot by responding to this email. Limited space available. info@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.