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
Audi South Africa has introduced the new Audi A5 Sedan in South Africa. With a refined design, intelligent technology and ample performance, it brings a fresh alternative to the midsize segment.
iCAUR will officially be taking its inaugural step into the South African spotlight at this year’s Festival of Motoring in Kyalami at the end of August.
In a move that’s turning heads across the transport industry, Kiara Baijnath (photo), the founder and director of HerWay Logistics, is redefining what it means to be a woman in trucking by adding another pink Mercedes-Benz Actros 2645 to her fleet.
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A light on my car’s dashboard came on, and instead of fixing the problem, I waited for the bulb to burn out. Crisis solved.
Jarod Kintz
In a move that’s turning heads across the transport industry, Kiara Baijnath (photo), the founder and director of HerWay Logistics, is redefining what it means to be a woman in trucking by adding another pink Mercedes-Benz Actros 2645 to her fleet.
The Automotive Business Council (naamsa) recently submitted its quarterly review of business conditions for the South African motor vehicle manufacturing industry, during the second quarter of 2025, to the Department of Trade, Industry and Competition (DTCI).
Africa's automotive sector is experiencing a significant transformation, with Morocco emerging as a rising star while traditional leader, South Africa, faces mounting challenges.
