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As Pinion Wealth SA celebrates its 5th anniversary, we take a moment to reflect on the incredible journey we’ve embarked on since our official license was granted on 10 December, 2019. From our humble beginnings as ACS Investing, we’ve grown into a leading provider of agriculture business solutions, rebranding and redefining our approach to meet the ever-changing needs of our clients in the financial and agricultural sectors. This milestone is not only a reflection of the passage of time but also of the strength, resilience, and growth we’ve achieved alongside our loyal clients. Over the past five years, we’ve focused on delivering tailored agriculture business solutions that empower our clients to navigate the complexities of both the financial and agricultural landscapes. With a deep understanding of the unique challenges faced by those in agriculture, we’ve strived to offer strategic advice, innovative financial solutions, and comprehensive support that fosters long-term success. This anniversary is a testament to the trust our clients have placed in us, as well as the commitment we have to helping them achieve their financial and business goals. Thank You to Our Loyal Clients We owe much of our success to our clients who have stood by us through challenging times. Their trust, commitment, and unwavering support have been instrumental in our growth and have played a pivotal role in shaping the way we provide agriculture business solutions. Over the past five years, we’ve seen remarkable development in our services and products, all designed to meet the unique needs of the agricultural sector. It is through the support of our clients that we’ve been able to innovate and adapt, continuously improving our ability to offer tailored solutions for financial and operational success. Your commitment to your investments, even during the most turbulent times, has not only kept us moving forward but has also resulted in positive outcomes. We are honored to have played a part in guiding you through these challenges and are excited about continuing to deliver agriculture business solutions that drive sustainable growth, profitability, and resilience in the years ahead. Your trust in our expertise has been crucial, and we look forward to helping you unlock even more opportunities for success in the future. Reflecting on 2024: A Year of Resilience and Opportunities As we move into 2025, we reflect on 2024—a year defined by volatility, uncertainty, and remarkable resilience. Despite global challenges such as inflation, geopolitical tensions, and fluctuating economic conditions, South Africa demonstrated significant strength, particularly within the agricultural sector. This year reinforced the importance of steadfast investment strategies, adaptability, and the need for robust agriculture business solutions to navigate uncertain times. At Pinion Wealth SA, we embraced innovation and remained committed to the core principles that drive our success. By offering tailored agriculture business solutions, we helped our clients face the challenges of the year, ensuring their financial portfolios remained resilient while optimising operations. Our focus on providing strategic, forward-thinking advice has enabled our clients to thrive amidst global uncertainties, reinforcing the importance of long-term planning and flexibility. Looking ahead, we continue to be dedicated to offering innovative agriculture business solutions that foster growth, stability, and success in an ever-changing global landscape. 2025 holds new opportunities, and we are excited to partner with our clients in navigating them. Highlights and Lowlights of 2024 Market Resilience Amid Uncertainty Despite global market fluctuations, South African assets, particularly in agriculture, showed strong performance. This year highlighted the importance of diversification and sticking to well-crafted investment plans. For those utilising agriculture business solutions, resilience and adaptability proved essential in navigating market challenges. Geopolitical and Economic Tensions 2024 brought its share of geopolitical and economic challenges, from trade disruptions to local political instability. However, those who remained committed to their financial strategies saw long-term benefits. Agriculture business solutions played a key role in helping businesses weather external pressures and stay focused on their goals. Opportunities in Change Amid the turbulence, there was a growing demand for comprehensive financial planning. As the complexity of the market increased, more businesses turned to agriculture business solutions for independent, holistic advice. This trend highlighted the value of strategic, forward-thinking planning in navigating uncertainty. Growth and Evolution Despite the turbulent economic landscape of 2024, Pinion Wealth SA has continued to grow and evolve, underscoring our commitment to providing tailored agriculture business solutions. This year, we expanded our client base, welcoming new partners in the agriculture sector and beyond, all of whom benefited from our customised, forward-thinking financial strategies. We also strengthened our team by adding talented professionals who bring fresh insights and expertise to our services, further enhancing our ability to deliver industry-leading solutions. At the core of our growth is our unwavering dedication to independence and client-centric advice. By embracing technology and innovation, we’ve improved our ability to offer agile, efficient, and scalable agriculture business solutions that help clients navigate complex financial landscapes. This ongoing evolution ensures that we remain equipped to meet the changing needs of the agricultural industry, enabling our clients to thrive in an ever-evolving market. Looking Ahead to 2025 As we step into 2025, we remain optimistic about the future. The year promises both opportunities and challenges, especially with the evolving global economy and South Africa’s gradual recovery. We are ready to embrace these changes and continue providing agriculture business solutions that address the dynamic needs of our clients, while delivering personalised financial advice to navigate these shifts. Economic Landscape: Stabilisation in certain sectors offers key opportunities for growth, particularly within agriculture.Shifting Client Expectations: We anticipate a growing demand for technology-driven financial solutions, while maintaining the personal touch that distinguishes our service.Evolving Regulatory Environment: We will stay proactive in adapting to new regulations and ensuring our clients remain compliant. Staying True to Our Core Amidst all the changes, one thing remains constant at Pinion Wealth SA: our core values. We are unwavering in our commitment to offering unbiased, independent advice tailored specifically to meet the needs of those seeking agriculture business solutions. By focusing on long-term success

As we approach the end of 2024, it’s the perfect time to reflect on the remarkable changes and progress we’ve made at Pinion SA. This year marked a transformative period, as we embarked on a significant rebranding journey and joined the Pinion Global Network, opening up new possibilities for both our clients and our business. Together, we’ve taken major strides towards offering enhanced agriculture business solutions that are not only innovative but also tailored to meet the dynamic and ever-evolving needs of our industry. Our continued focus on providing comprehensive agriculture business solutions has empowered our clients to navigate challenges with confidence, drive efficiency, and stay ahead of market trends. By leveraging global expertise and local insights, we’re committed to delivering practical, impactful solutions that foster long-term success in agriculture and business. Our Strength Lies in Our People At Pinion SA, we firmly believe that the key to delivering exceptional agriculture business solutions lies in the strength of our people. Our team, composed of highly skilled and passionate professionals, is the driving force behind every success we achieve. We continuously invest in their development, ensuring they are equipped with the latest industry knowledge and tools to deliver innovative, tailored solutions that meet the unique needs of the agricultural sector. Their expertise and commitment to excellence enable us to stay ahead of industry shifts and offer strategies that empower our clients to thrive in an ever-evolving marketplace. Innovation Driving Growth This year, Pinion SA has been dedicated to fostering agriculture business solutions that drive growth and innovation. By leveraging our expanded global network, we’ve been able to incorporate the latest international trends and advanced strategies into our approach, enabling us to deliver high-impact solutions to our clients. Through the use of data-driven insights and innovative financial models, we’re empowering businesses to stay ahead of the curve, improve their operations, and adapt to the ever-evolving agricultural landscape. Our connection to the Pinion Global Network remains a powerful tool, allowing us to bring world-class solutions and expertise to the local market. Agriculture 2024: An Overview The fluctuations in commodity prices throughout 2024 have presented a series of challenges for the agriculture industry, highlighting the need for agile agriculture business solutions. As we witnessed with the downturn in the red meat sector and the volatility in maize prices, the agricultural market is inherently cyclical, requiring businesses to remain adaptable in order to thrive. Rising costs in labor, distribution, and energy, despite low inflation, have further underscored the importance of maintaining efficient operations. This year has been a valuable reminder that agriculture businesses must focus on creating sustainable, cost-effective strategies that can weather market fluctuations, ensuring long-term growth and stability. 2024 Pinion SA Highlights This year, we introduced several initiatives to bolster our commitment to providing agriculture business solutions that cater to the ever-evolving needs of the agricultural industry. Our Livestock Study Group focused on refining livestock performance and financial analysis, fostering productive discussions to optimise operations in sheep, beef, and goat farming. Additionally, the introduction of “Futa’s Footsteps” allows for tailored on-farm training, which is designed to elevate skills across all levels of the workforce, ensuring continued growth and productivity within the industry. Through our strategic partnership with L&J Consulting, we’ve also expanded our reach in agri-financing, delivering specialised funding options to ensure businesses in agriculture can grow without financial strain. Moreover, the extension of Pinion Human Capital’s HR and IR services across South Africa further strengthens our approach to providing businesses with the tools to navigate compliance and employee relations challenges seamlessly. Looking Ahead to 2025 As we look toward 2025, Pinion SA is energised by the endless potential and opportunities that lie ahead. We are committed to strengthening our agriculture business solutions, enhancing the way we serve our clients and expanding our impact within the global network. Our continued focus will be on delivering tailored solutions to meet the unique challenges faced by the agricultural sector. Through our global reach, we aim to introduce best practices and innovation to the South African market, empowering local businesses with cutting-edge tools for growth. Our investment in both people and technology will be key drivers in fostering even more innovation, ensuring we stay ahead of industry trends and provide practical, forward-thinking solutions. As we expand our portfolio of services, we will remain deeply committed to helping businesses in agriculture navigate evolving challenges and seize new opportunities for success. As we wrap up an incredible year of transformation and growth, Llewellyn Collett, CEO of Pinion South Africa, extends his heartfelt gratitude to the clients, partners, and dedicated staff of the company. Their continued trust and collaboration have been essential to Pinion SA’s progress, and together, the team is poised to reach new heights in 2025. On behalf of the entire Pinion SA team, Llewellyn wishes everyone a blessed Christmas and a prosperous New Year, filled with abundance, growth, and happiness as Pinion continues to build a brighter future in the world of agriculture business solutions. Click here to view our social media. 

South African trustees and beneficiaries must take note of recent amendments to tax law, effective 1 March 2024. These legislative updates introduce significant changes to the taxation framework governing distributions from South African trusts to non-resident beneficiaries. Historically, such distributions benefited from a flow-through mechanism, allowing income and capital gains to be taxed at the beneficiary’s level. However, the new provisions will impose taxation at the trust level, fundamentally altering how these trusts operate. As a result, both trustees and beneficiaries must reassess their financial and tax planning strategies to navigate the increased complexities and potential liabilities introduced by these changes. Overview of Section 25B of the Income Tax Act Section 25B of the South African Income Tax Act historically governed the taxation of income earned by trusts and distributed to beneficiaries. This tax law allowed income and capital gains to “flow through” the trust directly to beneficiaries, ensuring that taxation occurred at the beneficiary’s level rather than within the trust itself. Such a structure was particularly advantageous for non-resident beneficiaries. By leveraging this mechanism, they could benefit from favourable provisions in double tax treaties or exemptions under their respective jurisdictions, often leading to reduced tax liabilities. This flow-through taxation model provided trustees and beneficiaries with flexibility and efficiency in tax planning. It ensured that non-resident beneficiaries bore the tax obligations aligned with their home country’s tax regime, rather than being subjected to South African trust taxation. However, the impending amendments to this tax law are set to dismantle this system. Effective 1 March 2024, the changes will shift the tax burden to the trust level, fundamentally altering how trusts manage and distribute income and gains. The disruption of this long-standing arrangement underscores the importance of a strategic response. Trustees will need to evaluate the financial and operational implications of the new tax law to ensure compliance while minimising the tax impact on the trust and its beneficiaries. Similarly, non-resident beneficiaries must reassess the viability of distributions under this revised framework and seek expert advice to navigate the complexities introduced by these legislative updates. Key Changes Effective 1 March 2024 Income Tax Treatment of Distributions From 1 March 2024, income distributed by a South African trust to non-resident beneficiaries will no longer retain its flow-through nature. This income will now be subject to taxation at the trust level in South Africa, irrespective of the beneficiary’s country of residence. This change eliminates the opportunity for non-resident beneficiaries to defer or reduce tax liabilities by relying on the tax treaties of their respective countries. Capital Gains Tax (CGT) Capital gains realised within the trust and distributed to non-resident beneficiaries will now attract CGT within the trust itself. The trust, not the beneficiary, will bear the CGT liability. In most cases, this will result in a higher effective tax rate compared to the rates non-resident beneficiaries might have been subject to under their jurisdictions. Importantly, beneficiaries will no longer be able to directly apply exemptions or claim relief under double tax treaties for these distributions. Implications for Trustees and Beneficiaries The changes to South Africa’s tax law necessitate a proactive review of trust structures and financial strategies to ensure compliance and minimise tax liabilities: Trustees: Assess the tax implications of retaining income or making distributions before 1 March 2024. With the new tax law imposing liabilities at the trust level, early distributions might offer strategic advantages. Collaborate with tax advisors to evaluate the trust’s current structure and explore restructuring options. This could include redistributing assets or adjusting income streams to mitigate the impact of the higher tax rates applied within the trust. Non-Resident Beneficiaries: Reevaluate the financial benefits of receiving distributions from South African trusts under the revised tax law framework. The removal of flow-through taxation may reduce the attractiveness of such distributions, requiring a reassessment of their role in financial planning. Engage with both local and international tax consultants to gain a thorough understanding of the full impact on personal taxation. Beneficiaries should also explore how their home country’s tax treaties and exemptions may apply in the context of the amended South African tax law. By addressing these changes with urgency and expert advice, trustees and beneficiaries can position themselves to navigate the evolving tax landscape effectively. Planning Ahead With the forthcoming legislative amendments to tax law, it is essential for both trustees and beneficiaries to take proactive steps. Early action can help mitigate potential impacts and ensure compliance with the new regulations. Here are key actions that should be prioritised: Conduct a Thorough Analysis of the Trust’s Income and Capital Gains PatternsTrustees should begin by reviewing the trust’s historical and projected income and capital gains patterns. Understanding these figures is essential for assessing how the tax law changes will impact the trust’s overall tax liability. This analysis will also help identify areas where adjustments can be made to minimise tax exposure, such as the timing of distributions or restructuring of investments within the trust. Consult with Tax and Legal Experts to Explore Compliant StrategiesGiven the complexity of the upcoming tax law amendments, it is crucial to work with tax and legal experts to navigate the new regulations. Experts can provide insights into strategies that ensure the trust remains compliant with the amended tax laws while minimising liabilities. They can also offer guidance on optimising the trust’s structure, reviewing distribution policies, and utilising any available tax incentives or exemptions. Legal advice is particularly important to ensure that any structural changes are in line with the latest requirements. Stay Informed About Additional Regulatory ChangesTrustees and beneficiaries should commit to staying informed about any additional regulatory changes that may affect the trust’s taxation. Tax law is dynamic, and there may be further amendments, rulings, or interpretations that influence how trusts are taxed. Regular consultations with tax professionals, attending seminars, and subscribing to legal updates will help ensure that all parties involved remain up-to-date on relevant changes. Holiday Closure Notice The upcoming amendments to tax law require careful planning and strategic action from both

As we step into November, it’s astonishing how quickly this year has passed! At Pinion SA, we’re eager to share important updates and insights that will assist you in navigating the complexities of the agricultural and business landscape. This month, our focus is on crucial topics that impact workplace compliance. From Labour Law Insights and POPIA Compliance to Employment Equity and Skills Reporting Seasons, we’ll delve into the essentials that every business needs to understand. Additionally, we are thrilled to introduce our ACS Academy offerings and the launch of our Livestock Study Group. By exploring these themes, we aim to provide you with the knowledge and tools necessary to ensure that your organisation remains compliant and thrives in today’s fast-paced environment. Let’s dive in and discover how these topics can enhance your business operations and foster a culture of workplace compliance and excellence. Key Insights for November – Workplace Compliance Labour Law Insights by Pinion Human Capital Understanding vicarious liability is vital in the workplace, particularly regarding sexual harassment issues. Employers can be held accountable for their employees’ actions during work hours, especially when these actions involve discrimination or harassment. To mitigate risks, it’s essential for employers to implement reasonable measures such as timely actions upon receiving notifications, establishing zero-tolerance policies, and providing training for employees. If you need guidance or training for your managers and staff, reach out to madelaine.loock@pinionza.com. POPIA Compliance Is your business fully POPIA compliant? At Pinion Human Capital, we specialise in helping organisations navigate the POPIA compliance journey. Our services include: Legal Guidance: Clarifying POPIA requirements specific to your industry. Data Audits and Risk Assessments: Identifying compliance gaps and creating actionable plans. Policy and Procedure Development: Establishing or enhancing your data protection policies. Employee Training: Equipping your team to effectively protect data. Don’t risk penalties—let us help you build customer confidence with our expert compliance assistance. Contact us today to secure your compliance future! Employment Equity Season A friendly reminder to all clients: please submit your Employment Equity (EE) data for the 2024 workplace compliance season. The deadline for online submissions is 15 January 2025. Timely submission is crucial for ensuring workplace compliance and facilitating a smoother review process, helping you avoid potential penalties. Skills Reporting Season The skills reporting season opens in December 2024. Be prepared to submit your Annual Training Report (ATR) and Workplace Skills Plan (WSP) to the relevant Sector Education and Training Authorities (SETAs). Submissions are due by 30 April 2025. If you need assistance with your reports or have questions about the requirements, don’t hesitate to reach out. Livestock Study Group We’re excited to announce the launch of our Livestock Study Group! In our inaugural session, we delved into production data and financial analysis, igniting valuable discussions on optimising performance in sheep, beef, and goat farming. This collaborative effort aims to enhance knowledge and practices within the livestock sector. Upcoming Events Pinion Agri Conference 2025: Join us for the Agri Conference on 11 & 12 March 2025, with the theme “Revisiting the Rules of the Game.” This event will be held at Running Waters, Plot 6, Kragga Kamma Rd, Port Elizabeth. Engage with industry leaders and gain insights from workshop facilitator Chantell Ilbury, co-author of best-selling books on scenarios and strategy. Mark your calendars for this opportunity to network and plan the future of agriculture. Important Reminders As we approach the festive season, please note that our offices will be closed from 4:30 PM on 20 December, 2024, and will reopen on January 6, 2025. For more information on Employment Equity, Skills Reporting, or POPIA Compliance, feel free to reach out to Licinda.cordier@pinionza.com or rene.botha@pinionza.com Let’s ensure we finish the year strong and compliant. Thank you for being a part of the Pinion SA community!

Pinion Human Capital is excited to invite you to participate in two essential workplace compliance training sessions. These sessions are designed to deepen your understanding of critical workplace regulations and provide you with the tools to foster a respectful, safe, and inclusive work environment. Led by our expert Madelaine Loock, the training will cover key aspects of Labour Law in the Workplace and Harassment in the Workplace. Both sessions are aimed at empowering employees and management to navigate workplace regulations effectively, ensuring full compliance while promoting fairness and respect within the organisation. Our workplace compliance training is especially valuable for HR professionals, management teams, and anyone involved in employee relations or responsible for maintaining legal and ethical standards in the workplace. By attending, participants will gain essential insights into workplace law, understand their legal obligations, and learn best practices for creating a productive and compliant work environment. Join us to enhance your knowledge, build a more compliant workplace, and promote a culture of respect. 1. Labour Law in the Workplace Training Date: 14 October 2024 Time: 09:00 – 12:00 Location: 35 Buffelsfontein Road, Mount Pleasant, Port ElizabethClick here to register.  This comprehensive workplace compliance training session is designed to provide participants with in-depth insights into key labour laws and employee rights. By focusing on best practices for maintaining a fair and compliant work environment, the session equips attendees with the essential knowledge needed to navigate complex legal requirements effectively. Participants will learn how to foster a workplace culture that values fairness, respects employee rights, and adheres to South Africa’s stringent labour regulations. Key topics will include understanding employee entitlements, managing disciplinary processes in line with legal standards, and the responsibilities of employers to maintain a compliant workplace. The training will also provide practical advice on how to mitigate legal risks by proactively addressing compliance challenges and implementing robust internal policies. Who Should Attend:This workplace compliance training is ideal for HR professionals, management teams, and anyone involved in employee relations, human resources, or compliance roles. Whether you are directly responsible for ensuring workplace fairness or seeking to enhance your knowledge of labour laws, this session will provide valuable insights and practical knowledge to help you succeed. Benefits of Attending: Gain a clear understanding of South Africa’s labour laws and how they apply to your business. Learn practical strategies for implementing and maintaining compliance in your workplace. Enhance your ability to manage employee relations and handle disciplinary matters in a fair and legally compliant manner. Reduce the risk of labour disputes and potential legal action by staying informed on the latest regulations and best practices. By participating in this session, you’ll be better prepared to handle labour-related matters, promote a compliant and fair work environment, and protect your organisation from legal risks. Register Before: 9 October 2024To register, please use the provided link or contact Madelaine at madelaine.loock@pinionza.com for more information. This training is an opportunity to ensure your business remains compliant, supports positive employee relations, and is equipped to face any labour law challenges effectively. 2. Harassment in the Workplace Training Date: 21 October 2024 Time: 09:00 – 12:00 Location: 35 Buffelsfontein Road, Mount Pleasant, Port ElizabethClick here to register.  This workplace compliance training session focuses on one of the most critical aspects of maintaining a healthy and productive work environment—preventing workplace harassment. Attendees will gain essential insights into identifying, addressing, and preventing harassment in the workplace, ensuring compliance with regulations, and fostering a culture of respect and inclusivity. The session will cover strategies to promote a zero-tolerance approach to harassment, equipping participants with the tools to recognise inappropriate behaviour, manage complaints effectively, and create a safe space for employees to report issues. It will also emphasise the legal responsibilities of employers and management in preventing and addressing harassment, helping businesses remain compliant with relevant laws while promoting a positive work environment. Who Should Attend:This workplace compliance training is open to all employees and management staff, particularly those involved in employee relations, management, or compliance roles. If you are responsible for creating or maintaining a safe, inclusive workplace or simply wish to better understand your rights and responsibilities regarding harassment, this training is for you. It’s especially beneficial for those involved in human resources, ensuring that policies and practices align with legal requirements. Benefits of Attending: Learn how to identify and prevent various forms of workplace harassment, from verbal and physical harassment to more subtle forms of misconduct. Understand the legal implications and responsibilities for employers and managers in preventing harassment. Gain tools for promoting inclusivity and ensuring all employees feel safe, respected, and valued in the workplace. Enhance your ability to handle harassment complaints swiftly and fairly, reducing legal risks and improving overall company culture. Protect your organisation from potential lawsuits and ensure compliance with South African laws on workplace harassment. By participating in this session, you will be better equipped to foster a respectful, inclusive work environment that benefits both employees and the organisation. This workplace compliance training will help create a culture where every employee feels protected and empowered, contributing to a more positive and productive workforce. Register Before: 16 October 2024To register, please use the provided link or contact Madelaine at madelaine.loock@pinionza.com for more information. This training is a valuable opportunity to ensure your organisation meets compliance standards, strengthens workplace culture, and takes a proactive stance against harassment. Why Attend? Attending these workplace compliance training sessions is essential for those looking to stay informed about workplace laws and best practices. With topics like labour laws and workplace harassment becoming more prominent, it’s crucial to ensure that you and your team are prepared to handle these important issues. Key Benefits: Stay Compliant:Learn up-to-date information on labour laws and harassment regulations, ensuring your organisation avoids legal risks and stays compliant with South African workplace laws. Promote a Positive Culture:Foster a respectful, inclusive work environment by implementing policies that prevent harassment and promote fairness, leading to increased employee morale and productivity. Reduce Legal Risks:Gain strategies for handling grievances, disciplinary

In a recent update from the Property Practitioners Regulatory Authority (PPRA), Chairman Dr. Steven Ngubeni clarified the requirements for Black Economic Empowerment (BEE) certificates for industry participants. This announcement, addressed to Chief Executive Jan le Roux, has provided significant relief to real estate professionals concerned about property compliance in South Africa, particularly with regard to BEE certification and scoring requirements. The update addresses the uncertainty that had been brewing around BEE compliance in the real estate sector. Dr. Ngubeni’s communication clarified that while valid BEE certificates must be submitted by industry participants, there will no longer be a minimum BEE score or compliance threshold required. This clarification is crucial for businesses looking to maintain property compliance in South Africa without being burdened by additional BEE scoring regulations. The decision to remove the compliance threshold has alleviated concerns for many property practitioners, as the previous uncertainty caused widespread apprehension about meeting complex compliance standards. For the real estate industry, the new directive signals a more practical approach to property compliance in South Africa, where businesses are still required to participate in BEE certification but without the strict requirements that could have caused operational difficulties. This blog will further explore what this directive means for property compliance in South Africa, its immediate impact on BEE certification for real estate businesses, and how it fits into the broader conversation on transformation within the industry. Dr. Ngubeni’s clarification represents a step toward balancing regulatory requirements with the need for transformation, ensuring that the real estate sector can comply with necessary regulations while fostering growth and inclusivity. The PPRA’s Clarification on BEE Certificates Dr. Ngubeni’s letter provided a critical clarification on the term “valid” in relation to BEE certificates, which has greatly impacted property compliance in South Africa. After consulting with legal advisors, the Property Practitioners Regulatory Authority (PPRA) resolved that while real estate industry participants are required to submit BEE certificates, there will be no minimum BEE score or compliance threshold required. This shift in regulatory expectations has brought relief to many in the property sector, as the previous stance caused significant concern among property practitioners. Previously, the uncertainty surrounding BEE compliance standards had many real estate business owners scrambling to meet potentially stringent requirements. This caused widespread anxiety across the sector, as the lack of clarity on property compliance in South Africa left businesses vulnerable to regulatory challenges. However, the new directive clearly states that the term “valid” refers strictly to BEE certificates obtained from accredited agencies, without the need for a specific compliance score. This clarification simplifies property compliance in South Africa for real estate professionals, allowing them to focus on meeting basic certification requirements without the added pressure of achieving a specific BEE score. The move signals a more balanced regulatory approach that continues to support transformation goals while easing the administrative burden on businesses. This update is a welcome change, easing the tensions that arose when the initial directive sparked confusion throughout the industry, highlighting the importance of transparent and practical regulatory compliance measures. Relief and Industry Response The announcement from the Property Practitioners Regulatory Authority (PPRA) has been met with widespread relief across the real estate sector, particularly because the previous notice had threatened to complicate the Financial Sector Charter (FFC) renewal process. Many real estate businesses feared that if they failed to meet the BEE compliance requirements, they would face significant operational challenges, potentially jeopardising their ability to operate. This uncertainty had the potential to disrupt the entire industry, causing widespread concern about the future of property compliance in South Africa. Jan le Roux, Chief Executive of Rebosa, expressed his gratitude for the PPRA’s reconsideration of the decision. He acknowledged that, had the original directive been implemented, it could have had catastrophic consequences for the sector. Ironically, such strict requirements could have undermined the very transformation goals that the PPRA is working to promote. The new directive, however, strikes a more balanced approach by recognising the importance of BEE certificates while easing the compliance burden on real estate businesses. The Role of Collaboration The successful resolution of the BEE certificate issue highlights the critical role that collaboration and open dialogue play in addressing industry-wide challenges, particularly concerning property compliance in South Africa. Jan le Roux emphasised that it was through months of negotiations with the Property Practitioners Regulatory Authority (PPRA) that a balanced solution was reached. Rather than escalating the matter through legal channels, which could have been both time-consuming and costly, industry leaders prioritised discussions to find a practical way forward. Le Roux underscored the efficiency and effectiveness of this collaborative approach, noting that “coming together around the table proved to be a much faster, cheaper, and less acrimonious solution than heading straight to court.” This outcome not only resolved the immediate concerns around BEE compliance but also reinforced the importance of maintaining open channels of communication between regulators and industry stakeholders. In the context of property compliance in South Africa, this case sets a precedent for how issues can be addressed in a way that supports both regulatory frameworks and the operational needs of businesses. The cooperative efforts between the PPRA and industry leaders ensure that compliance requirements are both fair and achievable, paving the way for more streamlined property compliance in South Africa in the future. Looking Forward: Supporting Transformation While the recent update has alleviated the immediate pressures surrounding BEE certification, Jan le Roux emphasised that Rebosa remains firmly dedicated to driving transformation within the property sector. This ongoing commitment to transformation is crucial, as it plays an integral role in fostering an equitable and inclusive industry that mirrors South Africa’s diverse population. Le Roux pointed out that true transformation goes beyond compliance and must be actively supported by both practical initiatives and financial backing. In line with this, he expressed hope that the Property Practitioners Regulatory Authority (PPRA) would seriously consider the National Property Practitioners Council’s (NPPC) transformation proposal. This proposal advocates for the use of the Property Sector Transformation Fund to

Pinion Advisory is pleased to announce that Vernon Oxenham, affectionately known as Futa, has joined the team effective 1 August 2024. With his extensive background in agriculture, Vernon brings a wealth of knowledge and experience to the Pinion Advisory team. His expertise spans over four decades of hands-on experience, including 40 years of successfully running a dairy farm and 15 years managing a citrus farm. Vernon’s in-depth understanding of both the operational and strategic aspects of farm management makes him an invaluable addition to Pinion Advisory. Vernon is not only experienced but also excels in training farm workforces. His ability to engage with workers at all levels, from junior to senior, ensures that the training is effective and impactful. Known for his enthusiastic and effective delivery, Vernon fosters a deep understanding and practical application of the management training materials. His philosophy centres on a comprehensive and hands-on approach, emphasising the importance of walking the farm, observing the workforce, assessing animal conditions, and evaluating pasture quality. This method allows him to accurately identify problem areas and provide practical  solutions to address them. A Legacy of Farming Excellence Vernon Oxenham’s impressive career spans over four decades, during which he has established himself as a leader in farm management. His extensive experience includes successfully managing a dairy farm for 40 years, where he implemented innovative techniques and strategies to enhance productivity and sustainability. In addition, Vernon spent 15 years managing a citrus farm, where his expertise led to significant improvements in crop yield and quality. Vernon’s hands-on approach to farm management has been instrumental in his success. He believes in being actively involved in every aspect of farm operations, from daily tasks to long-term strategic planning. This approach allows him to gain a comprehensive understanding of the farm’s needs and challenges, enabling him to develop tailored solutions that drive efficiency and growth. Central to Vernon’s farm management philosophy is his simple yet powerful formula: Train, Assess, Correct, Measure = Results. This methodology reflects his commitment to continuous improvement and client empowerment. By training farm workers, assessing farm operations, correcting inefficiencies, and measuring outcomes, Vernon ensures that farms operate at their highest potential. Throughout his career, Vernon has demonstrated a deep understanding of both the operational and strategic aspects of farm management. He has successfully navigated the complexities of managing large-scale farm operations, implementing best practices in areas such as animal husbandry, crop management, and resource utilization. His ability to adapt to changing agricultural trends and technologies has kept his farm management practices relevant and effective. Vernon’s dedication to excellence in farm management aligns perfectly with Pinion Advisory’s objective of client empowerment. His vast knowledge and experience make him a valuable asset to the team, and his contributions are expected to significantly enhance the support and services provided to clients. By integrating Vernon’s expertise into Pinion Advisory’s offerings, the team can deliver more comprehensive and effective farm management solutions. Specialty in Training Farm Workforces Central to his farm management philosophy is the formula previously mentioned: Train, Assess, Correct, Measure = Results. This method encapsulates his belief in the power of continuous improvement. By training farm workers to enhance their skills, assessing farm operations to identify areas of improvement, implementing corrective actions, and measuring the outcomes, Vernon ensures that each farm under his management operates at peak efficiency. Vernon’s deep understanding of farm management extends beyond daily operations to include long-term strategic planning. He has a proven track record of optimising resource use, improving farm infrastructure, and adopting innovative technologies that enhance farm sustainability and profitability. His strategic foresight and adaptability have kept his farm management practices ahead of the curve, ensuring that the farms he manages thrive in a competitive agricultural landscape. His commitment to farm management excellence aligns seamlessly with Pinion Advisory’s mission to empower clients. By bringing Vernon’s wealth of knowledge and experience into the fold, Pinion Advisory can offer clients unparalleled farm management support. Vernon’s expertise will help clients navigate the complexities of farm management, providing them with the tools and strategies needed to achieve sustainable growth and success. Key Services Provided by Vernon (Futa) Oxenham: On-Farm Training: “Futa’s Footsteps” Vernon Oxenham’s “Futa’s Footsteps” program offers tailored farm management training designed specifically for farm workers. These programs are customised to address the unique needs of each farm, focusing on enhancing the skills and knowledge of the workforce. Vernon uses a hands-on teaching style that combines theoretical knowledge with practical applications, ensuring that farm workers not only understand the principles of farm management but also know how to implement them effectively in their daily tasks. This comprehensive training approach helps improve efficiency, productivity, and overall farm performance. Farm and People Assessments Vernon conducts thorough farm and people assessments, providing comprehensive farm management quality audits and performance reviews. These assessments cover all aspects of farm operations, from crop and livestock management to resource utilisation and workforce efficiency. Vernon uses his extensive experience to identify strengths and weaknesses in the farm’s operations, offering detailed reports that highlight areas for improvement. By evaluating both the physical and human resources of the farm, Vernon ensures that every aspect of farm management is optimised for maximum productivity and sustainability. Advisory Services Vernon’s advisory services provide practical farm management solutions tailored to address specific problem areas within a farm. His on-farm consulting includes in-depth analyses and strategic recommendations that are grounded in his vast experience and understanding of farm management. Vernon works closely with farm owners and managers to develop actionable plans that address issues such as resource allocation, pest control, soil health, and animal welfare. His advisory services are designed to support farms in achieving their long-term goals, enhancing overall operational efficiency and profitability. A Message from Vernon (Futa) Oxenham: “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 Oxenham’s addition

The Companies and Intellectual Property Commission (CIPC) will, with effect from the 1st of July 2024, strictly enforce the filing of Beneficial Ownership Declarations alongside Annual Returns. This new regulatory compliance requirement is part of the amendments introduced by the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 22 of 2022, which modified the Companies Act, 2008. These changes are aimed at enhancing regulatory compliance by ensuring that the true owners or controllers of companies are transparently reported, thereby strengthening measures against money laundering and terrorism financing. This regulatory compliance mandate underscores the importance of accurate and timely disclosure of beneficial ownership information. Companies and close corporations must now adhere to these stringent requirements to remain compliant with the law. The enforcement of these regulations marks a significant step towards greater transparency and accountability within the corporate sector, aligning with global standards in the fight against financial crimes. By ensuring regulatory compliance, businesses not only meet legal obligations but also contribute to a more secure and trustworthy business environment. Understanding the New Requirements As of 24 May 2023, with the implementation of the relevant regulations, all companies and close corporations registered with the CIPC must file their Annual Returns, Beneficial Ownership Declarations, and security register or beneficial interest register (as applicable) within 30 business days after their anniversary date. This change underscores the importance of regulatory compliance in maintaining transparent business practices. Initially, CIPC customers were given the flexibility to defer the filing of Beneficial Ownership information alongside their Annual Returns. However, starting from 1st July 2024, this deferral option will be eliminated, making it mandatory for all companies and close corporations to comply with this regulatory compliance requirement without exception. This shift highlights the critical nature of regulatory compliance in ensuring that accurate and comprehensive information about business ownership is consistently maintained and reported. By mandating the simultaneous submission of Beneficial Ownership Declarations with Annual Returns, the CIPC aims to enhance transparency and accountability, thereby strengthening the overall regulatory compliance framework. Businesses must now prioritise updating their records and ensuring that all necessary documentation is prepared well in advance of their filing deadlines. This proactive approach will help avoid any disruptions and ensure that they remain in full compliance with the new regulations. What is Beneficial Ownership Declaration? Beneficial Ownership Declaration is a critical component in the fight against money laundering and terrorism financing. This regulatory compliance measure requires companies and close corporations to declare who ultimately owns or controls the business. This transparency is crucial for regulatory compliance as it helps authorities identify and monitor the true beneficiaries of corporate entities. The declaration must be filed together with the Annual Returns and must include the security register or beneficial interest register. This dual submission ensures that all necessary information is provided in a timely manner, enhancing the overall effectiveness of regulatory compliance efforts. Ensuring regulatory compliance through accurate Beneficial Ownership Declarations helps prevent the misuse of corporate structures for illicit activities. By mandating these declarations, the regulatory framework becomes more robust, enabling better oversight and reducing the risk of financial crimes. This requirement underscores the commitment to maintaining high standards of transparency and accountability in corporate governance. Businesses must understand the importance of regulatory compliance and take proactive steps to prepare and submit these declarations accurately. Failing to comply with these requirements can result in significant legal and financial consequences, making it essential for companies and close corporations to prioritise these filings. By adhering to these regulatory compliance measures, businesses contribute to a safer and more transparent financial environment. Hard-Stop Functionality The CIPC will implement a Hard-Stop Functionality starting from 1st July 2024. This new regulatory compliance measure means that companies and close corporations will not be able to file their Annual Returns through any of the CIPC electronic platforms unless the Beneficial Ownership Declaration has been submitted and is up to date. This functionality is designed to enforce strict adherence to regulatory compliance requirements. By implementing this hard-stop functionality, the CIPC ensures that no Annual Returns can be processed without the necessary Beneficial Ownership information. This move underscores the importance of regulatory compliance in maintaining transparency and accountability in business operations. Companies must now prioritise updating and submitting their Beneficial Ownership Declarations to meet these new regulatory compliance standards. Compliance and Consequences All companies and close corporations are required by law to file their Annual Returns with the CIPC during their anniversary month every year. Along with these returns, they must comply with the Beneficial Ownership Declaration filings to maintain regulatory compliance. Non-compliance with these regulatory requirements can lead to several severe consequences, including: Penalties for Late Filing: Companies may incur penalties for the late submission of Annual Returns, which can significantly impact their financial standing. Enforcement Action: The CIPC may initiate investigations into the administration and governance processes of non-compliant businesses. This can involve a thorough review of business practices to ensure regulatory compliance. Compliance Notices: The CIPC may issue compliance notices to businesses that fail to meet the regulatory requirements. These notices are formal warnings that mandate corrective actions to achieve compliance. Deregistration: Continued non-compliance can lead to referral for deregistration, and in severe cases, final deregistration of the business. This results in the company losing its legal standing and ability to operate. Ensuring regulatory compliance by adhering to these filing requirements is crucial for maintaining the integrity and legal standing of a business. Preparing for the Changes It is crucial for companies and close corporations to start preparing for these changes well in advance to ensure regulatory compliance. Ensuring that all Beneficial Ownership information is up to date and ready for submission with the Annual Returns will be essential to avoid disruptions and penalties. Proper preparation for these regulatory compliance requirements involves several steps. First, businesses should review and verify all beneficial ownership information to ensure accuracy. This data must reflect the true owners and controllers of the company, providing transparency and accountability. Next, businesses should integrate these updates into their

Pinion SA is thrilled to share some exciting news with its valued clients. L&J Consulting, led by the experienced duo Lukas Snetler and Jer Nortje, has officially joined the Pinion SA family. This strategic move allows Pinion SA to enhance its finance solutions and broaden the range of services offered. With Lukas and Jer’s extensive background in the financial sector, Pinion SA is poised to provide top-notch, tailored finance solutions that address specific client needs. Whether assistance is required with cash flow management, business expansion, new ventures, or capital expenditure, their expertise is now available under the Pinion Advisory banner. Pinion SA is confident that this addition will significantly benefit its clients and elevate the level of service provided. Meet the Experts: Lukas Snetler and Jer Nortje Lukas and Jer bring extensive backgrounds from the formal banking sector, equipping them with a deep understanding of the loan acquisition process. Their rich experience ensures they are adept at all aspects of securing loans, including creating detailed funding proposals, structuring finances appropriately, and assessing the viability of loan applications. This expertise enables them to navigate the complexities of bank lending criteria with ease, ensuring they can compile compelling proposals that achieve the best possible terms for clients. Their ability to tailor finance solutions to meet specific client needs is unparalleled. With a focus on providing comprehensive finance solutions, Lukas and Jer are skilled in identifying the most suitable funding options and structuring deals that maximise benefits for clients. Their deep knowledge of financial structuring and loan viability assessments allows them to present proposals that not only meet but exceed the stringent requirements of banks. Lukas and Jer’s proficiency in finance solutions means they can offer strategic advice throughout the entire loan acquisition process. From initial consultation to final approval, they provide support and guidance, ensuring that every step is handled with precision and care. Their commitment to securing the best possible terms for clients underscores their dedication to delivering top-tier finance solutions. Tailored Business Finance Solutions Joining forces with L&J Consulting means Pinion SA can now offer even more comprehensive support in business finance solutions. Lukas and Jer specialise in creating personalised strategies that address a wide range of financial needs. Their expertise in finance solutions enables them to provide tailored advice and assistance. Lukas and Jer bring a wealth of experience in finance solutions, allowing them to craft strategies that are specifically designed to meet the unique challenges and goals of each client. Whether a client is looking to optimise their cash flow to ensure smooth operations, expand their business to new markets, or invest in new opportunities, Lukas and Jer are equipped to provide expert guidance. They understand that each financial situation is different and requires a customised approach to achieve the best outcomes. Their deep knowledge in finance solutions also extends to capital expenditure management. Lukas and Jer can help clients plan and allocate funds effectively for major investments, ensuring that capital expenditures are managed efficiently and contribute to the overall growth and sustainability of the business. Their comprehensive support throughout the process ensures that clients are well-prepared to make informed financial decisions. Navigating the Loan Acquisition Process One of the standout benefits of having Lukas and Jer on the Pinion SA team is their ability to guide clients through the complexities of the loan acquisition process. Their deep understanding of bank lending criteria allows them to navigate the often intricate requirements with ease. This expertise in finance solutions means they are adept at compiling funding proposals that truly stand out. Lukas and Jer’s skills in financial structuring ensure that each proposal is tailored to highlight the strengths of the client’s financial situation. By meticulously organising financial data and presenting it in a compelling manner, they can create proposals that are both persuasive and thorough. Their attention to detail in financial structuring not only makes the proposals more attractive to lenders but also positions clients to secure the best possible terms. Additionally, their proficiency in loan viability assessments is a critical aspect of their finance solutions. Lukas and Jer conduct comprehensive analyses to determine the feasibility and potential success of a loan application. Their rigorous assessment process ensures that only viable and well-supported proposals are submitted, significantly increasing the chances of approval. End-to-End Support Beyond securing funding, Lukas and Jer provide comprehensive finance solutions by negotiating on clients’ behalf and guiding them through the entire process until the funds are disbursed. Their extensive experience in finance solutions ensures that clients receive optimal terms and conditions for their loans. Their commitment to clients’ financial well-being extends far beyond the initial funding phase. Lukas and Jer offer ongoing support, conducting annual reviews to reassess financial strategies and ensure continued alignment with clients’ goals. This proactive approach helps identify opportunities for improvement and adjust plans as needed to maintain financial health and growth. In addition to annual reviews, Lukas and Jer are prepared to address any future financing needs that may arise. Whether clients are looking to expand their business, invest in new ventures, or manage unexpected financial challenges, they provide tailored finance solutions to meet these evolving needs. Their expertise allows them to offer strategic advice and solutions that are both innovative and effective. Enhancing Our Service Offerings Pinion SA is confident that the integration of L&J Consulting into their service offerings will significantly enhance the support provided to clients. With Lukas Snetler and Jer Nortje’s extensive expertise, Pinion SA can now offer more tailored and effective business finance solutions. These solutions are designed to help clients achieve their financial goals more efficiently and effectively. The addition of L&J Consulting brings a wealth of knowledge in finance solutions, enabling Pinion SA to address a broader range of financial needs. Lukas and Jer’s ability to create customised finance solutions means that clients receive advice and strategies specifically designed to meet their unique financial situations. By integrating Lukas and Jer’s skills into the Pinion Advisory team, clients can expect a more personalised

Staying on top of regulatory requirements and deadlines is crucial for businesses across all sectors, especially those focused on sustainable farming. Ensuring compliance not only keeps operations running smoothly but also supports the long-term sustainability and environmental responsibility of your business. Key updates and reminders include significant changes in diesel rebates, which are particularly relevant for those in the agricultural sector. Understanding these changes and maintaining meticulous records can ensure that your sustainable farming practices benefit from available rebates. Additionally, it’s essential to be aware of the submission deadlines for Workplace Skills Plans (WSP) and Annual Training Reports (ATR). These submissions are vital for receiving grants that can support training and development initiatives, which are integral to sustainable farming. Compliance with POPI (Protection of Personal Information Act) and PAIA (Promotion of Access to Information Act) is also critical. These regulations ensure the protection of personal information and promote transparency, both of which are important for maintaining trust and integrity in sustainable farming operations. For those managing trusts, staying up-to-date with tax compliance requirements is essential. This includes understanding the obligations for both active and passive trusts, ensuring timely submissions, and being aware of any changes that may affect tax filings. Proper compliance supports the financial stability and ethical management of sustainable farming ventures. Finally, protecting yourself from SARS email scams is crucial. Being vigilant and following best practices can safeguard your business from potential fraud, ensuring that your focus remains on sustainable farming practices and compliance with all relevant regulations. By staying informed and proactive about these regulatory requirements, businesses can ensure they operate within the law, support sustainable farming initiatives, and contribute to a healthier environment and community. Diesel Rebates: What You Need to Know The landscape of diesel rebates is evolving, especially for those involved in sustainable farming. Recent rulings by the Gauteng High Court have underscored the necessity of meticulous record-keeping for diesel refund claims. Taxpayers who fail to provide clear and comprehensive logs risk having their claims disallowed. This has significant implications for the agricultural sector, where diesel usage is integral to daily operations and sustainable farming practices. To avoid disallowance of claims, it is essential to maintain logbooks that detail every aspect of distillate fuel usage, from purchase to application. This includes recording the date of purchase, the amount of fuel bought, and the specific use of the fuel. Clear documentation helps in distinguishing between eligible and non-eligible fuel usage, ensuring that only valid claims are submitted. Adhering strictly to Schedule 6 criteria is essential for successful rebate claims. Schedule 6 outlines the requirements for logbooks, emphasising the need for precision and detail. For sustainable farming operations, this means keeping an accurate record of how diesel is used in various activities such as planting, irrigation, harvesting, and transportation. Each of these activities must be documented thoroughly to create a comprehensive audit trail. Importance of Diesel Rebates in Sustainable Farming Diesel rebates are particularly beneficial for sustainable farming, as they provide financial relief that can be reinvested into environmentally friendly practices. By ensuring that all diesel usage is well-documented and eligible for rebates, farmers can secure funds that support the implementation of sustainable technologies and practices. These may include: Investing in energy-efficient machinery: Using the rebate funds to purchase or upgrade to more energy-efficient farming equipment can reduce fuel consumption and lower greenhouse gas emissions. Implementing precision agriculture: Utilising advanced technologies to optimise fuel usage during planting, irrigation, and harvesting can enhance efficiency and sustainability. Supporting renewable energy projects: Reinvesting savings from diesel rebates into renewable energy sources, such as solar or wind power, can further reduce the farm’s carbon footprint. SETA Mandatory Grant Applications: What Sustainable Farmers Need to Know Employers are reminded to submit their Workplace Skills Plan (WSP) and Annual Training Report (ATR) to their allocated Sector Education and Training Authority (SETA) by the 30 April deadline. Compliance with SETA requirements is crucial as it can earn you 20% of Mandatory Grants. This is particularly important for those in the sustainable farming sector, where continuous training and development are key to implementing effective and environmentally friendly farming practices. Importance of WSP/ATR Submissions in Sustainable Farming Submitting a comprehensive WSP and ATR is not just about compliance; it is an investment in the future of sustainable farming. The WSP outlines your organisation’s plan for addressing skills gaps and training needs over the upcoming year, while the ATR reports on the training that was conducted in the previous year. This process ensures that the workforce is equipped with the necessary skills and knowledge to adopt and maintain sustainable farming practices. Benefits of Compliance for Sustainable Farming Financial Incentives: By submitting the WSP and ATR on time and complying with SETA requirements, sustainable farming businesses can receive 20% of Mandatory Grants. These funds can be reinvested in further training and development programs, enhancing the capabilities of your workforce. Enhanced Skills and Knowledge: Continuous training ensures that employees are up-to-date with the latest sustainable farming techniques and technologies. This can lead to improved productivity, efficiency, and environmental outcomes on the farm. Meeting Environmental Standards: Sustainable farming practices often involve adhering to strict environmental standards. Training funded through SETA grants can help ensure that your staff are knowledgeable about these standards and how to meet them. POPI and PAIA Compliance Compliance with the Protection of Personal Information Act (POPIA) and the Promotion of Access to Information Act (PAIA) is vital for protecting personal information and ensuring access to information rights. This is especially important for sustainable farming operations, which often handle a significant amount of personal and sensitive information related to employees, suppliers, and customers. Understanding POPIA and PAIA POPIA aims to protect personal information by regulating how it is collected, stored, used, and shared. For sustainable farming businesses, this means implementing measures to safeguard personal data, ensuring that it is processed lawfully, transparently, and securely. PAIA promotes transparency and access to information by ensuring that individuals can obtain information held by public and private bodies. This