News in South Africa 16th February: 1. Bad news for taxpayers: The Finance Minister will likely announce an increase in tax rates in the Budget Speech later this month as the government’s revenue collections continue to disappoint, leaving a gap of R15 billion to be filled. This is feedback from financial services firm PwC, which […]
News In South Africa 8th January: 1. Elections pose major risk to economy: South Africa’s upcoming national elections pose a major risk to the local economy, with policy uncertainty remaining elevated and investors wary of investing in the country entering uncharted political waters. This risk was highlighted by the North-West University (NWU) Business School in […]
News in South Africa 20th October: 1. Tax filing season starts: The first deadline for the 2023 tax filing season is Monday (23 October), when non-provisional taxpayers must submit their annual tax returns. Taxpayers with more complicated financial affairs or different income streams have until 24 January next year. Taxpayers who have been auto-assessed but […]
News in South Africa 1st December: 1. SA’s wealthy donated R6.8bn to needy: The latest Nedbank Private Wealth Giving Report shows that 83% of South Africa’s high-net-worth individuals (HNWIs) showed up to make a difference in 2021, by giving of their time, money, goods and services to worthy causes – despite the Covid-19 pandemic. Published last week, […]
News in South Africa 25th July: 1. No break for taxpayers: More than 30 tax offices across the country remained closed on Thursday (21 July), with the South African Revenue Service (Sars) acknowledging delays in servicing taxpayers due to the strike by its unionised workers. Despite admitting delays, Sars says it does not envisage changing […]
News in South Africa 28th April: 1. Populations exploding: A wake-up call for SA’s ballooning cities: Their populations are exploding at rates far in excess of economic growth. Buried in the dry numbers of the latest State of South African Cities Report 2021 are some startling stats. City of Joburg’s population jumped nearly 30% between […]
News in South Africa 15th September: 1. Mass exodus of professionals: South Africa’s tax base is steadily declining as more of the country’s skilled professionals look overseas for greener pastures, says Izak Smit, chief executive of the Professional Provident Society (PPS). In an interview with BusinessDay, Smit said that the loss of these workers will not only […]
1. Lower lockdown level soon: President Cyril Ramaphosa is expected to ease lockdown restrictions following consultations with the Health Department, the National Coronavirus Command Council, and other stakeholders this week – however, not all health experts are on board with the plan. The National Coronavirus Command Council is expected to meet with political parties and […]
News in South Africa 28th May: 1. Karpowership fights back: Karpowership SA has fired back at claims that its potential R225-billion power supply deal with Eskom is tainted by corruption. Explosive allegations were made by DNG Power Holdings, a rival bidder in the government’s Risk Mitigation Independent Power Producer Procurement Programme (RMI4P), in a court […]
