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Mahindra’s Fusion Fest ready to blast off
The SunBet Arena in Pretoria is a hive of activity as Mahindra South Africa finalises preparations for its historic Fusion Fest this Saturday (22 February).
- Industry News
- 21 February 2025
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
The SunBet Arena in Pretoria is a hive of activity as Mahindra South Africa finalises preparations for its historic Fusion Fest this Saturday (22 February).
Digi Cars Group, a dealership group in the South African automotive industry, is making an impact at this year’s EidFest, which is taking place at the Gallagher Convention Centre from Thursday, 20 February to Sunday, 23 February 2025.
The National Automobile Dealers' Association (NADA) and the Southern African Vehicle Rental and Leasing Association (SAVRALA) have signed a Memorandum of Agreement (MOA), marking the formalisation of a relationship that has existed informally for many years.