Nicolette van Vuuren

Aug 26, 2024 | farmersweekly.co.za | Nicolette van Vuuren |Jamie M. Jacobs

On 28 May 2024, President Cyril Ramaphosa signed the Cannabis for Private Purposes Act (No 7 of 2024) into law. The Act will create inroads for establishing a framework within which, once it is implemented, cannabis use for private purposes may be regulated. Furthermore, this enactment is significant as it may result in more individuals cultivating cannabis for private use, within the confines of its provisions.

Jun 24, 2024 | polity.org.za | Nicolette van Vuuren |Jamie M. Jacobs

Considering the growing cannabis industry and the Government’s active investment in cannabis production in South Africa, particularly in the Eastern Cape (donned as South Africa’s primary cannabis production hub), it is apparent that cannabis has economic value to South Africa. This has necessitated the introduction of legislation and a regulatory framework that will ensure that cannabis production and cannabis use for private purposes is properly regulated.

Apr 30, 2024 | sowetanlive.co.za | Nicolette van Vuuren

SA retirement plans’ will now allow certain members of funds to access a savings pot (once per tax year) that will, on the implementation date, be capped at R30,000. Allowing financially stretched fund members to withdraw a limited amount of money from their pension savings from what’s known as a savings pot, the two-pot system offers benefits to employees across a multitude of sectors.

Feb 28, 2024 | insurancebiz.co.za | Joon Chong |Nicolette van Vuuren

28-02-24 / Joon Chong & Nicolette van Vuuren On 21 February 2024, the National Treasury released the Second Amendment Bill to make technical corrections to the RLAB. The Second Amendment Bill follows the proposal by Minister of Finance Enoch Godongwana, that Parliament extend the date of implementation for the two-pot system contained in the RLAB from 1 March 2024 to 1 September 2024 for various reasons supported by industry stakeholders.

Dec 7, 2023 | timeslive.co.za | Joon Chong |Nicolette van Vuuren

NEST EGG The two-pot system arose from the concept to allow financially distressed fund members to withdraw a limited amount of money from their pension savings. The minister of finance, Enoch Godongwana, has proposed that parliament extend the date of implementation of the two-pot system contained in the Revenue Laws Amendment Bill (the RLAB) from March 1 2024 to September 1 2024.