RENTAL HOUSING

• The Department of Human Settlements has published a comprehensive document prescribing norms and standards for all rental housing:
  • to be incorporated in the national housing and human settlements code, and
  • including:
    • hostel development
    • social housing, and
    • private small-scale and backyard rentals.

ELECTRICITY GENERATION

• The Department of Mineral Resources and Energy has gazetted amendments to Schedule 2 of the Electricity Generation Act, which provides for:
  • exemptions from the obligation to apply for and hold a licence, and
  • stipulates which electricity generating facilities exempt from licensing requirements for certain activities are nevertheless obliged to register with the regulator.

MONEY LAUNDERING AND TERRORISM FINANCING CONTROL

• National Treasury has gazetted amendments to the 2001 money laundering control regulations, which:
  • will be in force from 1 February 2023, and
  • focus on international fund transfer reporting.
• A presidential proclamation in the Government Gazette has confirmed that Sections 31 and 56 of the recently amended Financial Intelligence Centre Act will come into effect on 1 February 2023.
  • Section 31 deals with the conveyance of cash to and from South Africa.
  • Section 56 makes it an offence for an accountable institution to fail to report an electronic transfer.

Prepared by Pam Saxby