We recently looked at a number of aspects regarding the changes in the Financial Intelligence Centre (FIC) Act that will affect Motor Vehicle Dealers (MVDs) in certain instances.
We covered themes ranging from Vehicle Dealers: From Reporting to Accountable Institutions; Seven key points to become fully FICA compliant; A hefty price to pay for non-compliance to Seven Reasons you should automate your FICA process.
At the end of last year, the Government Gazette published changes to Schedules 1, 2 and 3 of the FIC Act. Motor vehicle dealers were included in the High Value Goods Dealers (HVGDs) category as Accountable Institutions. These new Accountable Institutions were granted an 18-month transitional period by the FIC.
Now with only six months left in the 18-month transitional period, time is ticking away for new Accountable Institutions to become FICA compliant.
Still unsure as to what to do to become FICA compliant? Join DocFox, a leading FICA software provider, for a free 1-hour webinar on the 8th of November at 10:00 to find out whether your business is an Accountable Institution and discover the obligations required to ensure that you are fully FICA compliant.
Topics to be discussed include:
- New Accountable Institutions that need to comply with FICA
- Steps required to be FULLY FICA compliant
- Consequences of FICA non-compliance
• Registration link:
https://us02web.zoom.us/webinar/register/5516983058753/WN_2h1MnoXzQhmWSkfjYpExjg
Ahead of the 2026 State of the Nation Address (SONA), Zero Carbon Charge (CHARGE) has once again called on the President and national government to act decisively on South Africa’s electric vehicle transition.
Hyundai Springfield Park has been named Dealer of the Year at the 2026 Hyundai Automotive South Africa Dealer Conference, held at Sun City.
Volkswagen Commercial Vehicles is re-entering the growing urban delivery market with the launch of the Vivo Xpress which will be available for sale from February 2026.
Advertisement
Advertisement
I have bad reflexes. I was once run over by a car being pushed by two guys
Woody Allen
There is a profound realignment in consumer expectations, brand positioning and technological priorities, with Germany losing long held advantages in its domestic market while China rapidly moves up the value chain.
Over the past weekend, reports surfaced of a letter sent by Martina Biene, chairperson and managing director of Volkswagen Group Africa (VWGA), to President Cyril Ramaphosa warning of the increasingly precarious position of South Africa’s automotive sector.
On 20 February 2026, at the Phillip Island Grand Prix Circuit in Australia, the new WorldSBK season roars to life, promising one of the most dynamic championships in recent memory.
