News in South Africa 14th November: 1. SARS needs funds: The South African Revenue Service (SARS) will soon run out of ways to collect more taxes as tax hikes are not an option, and the factors limiting the country’s tax revenue are outside the service’s control. This is feedback from Deloitte Africa’s tax controversy leader, […]
News in South Africa 17th May: 1. Unemployment rises: South Africa’s unemployment rate rose for the first time in more than a year and may continue climbing as power cuts intensify, discouraging investment and sapping economic growth. The official jobless rate jumped to 32.9% in the three months through March from 32.7% in the prior […]
News in South Africa 5th May: 1. New Covid rules for travel: South Africa has a new set of coronavirus entry rules for travellers from 5 May, after a late-night update to regulations, just hours before interim measures were due to lapse. Health minister Joe Phaahla established the new Covid-19 rules under his power to deal […]
News in South Africa 28th December: 1. World economy to surpass $100 trillion: The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Global gross domestic product will be lifted by the continued recovery from […]
News in South Africa 19th March: 1. Third wave could lead to credit downgrade: South Africa’s finance minister said on Thursday that a third wave of the coronavirus could destabilise the government’s efforts to control its finances and avoid a further downgrade of the country’s sovereign rating. Two of the top three rating agencies – […]
