420 And understand the correct procedures should a dispute with Sars arise. The South African Revenue Service (Sars) was granted additional powers to implement the estimated assessment functionality where value-added tax (Vat)…
Category: Business
Warning for South Africans buying cars via online auctions
469 ‘These sophisticated scammers create convincing fake accounts that use WesBank branding, purporting to be official representatives selling bank auction vehicles.’ Many people in South Africa opt to buy second-hand cars for…
Limpopo megaproject sued over “stolen” rocks
347 A subcontractor on the multi-billion-rand Musina Makhado Special Economic Zone (MMSEZ) project removed R12-million worth of white rock, used to build roads, from a private property without permission. The state-owned company…
Bad news for meat lovers in South Africa
397 Meat has become the biggest driver of food inflation. The outbreak of foot-and-mouth disease (FMD) in South Africa has led to a significant increase in meat prices over the past three…
How to be a savvier saver and investor
378 National Savings Month is an initiative to promote healthier financial habits and encourage households to save. National Savings Month is almost over. Some consumers learned how to save, but how many…
who really pays for NHI?
520 Both the poor and the wealthy will have to pay for NHI. It will not be as free as government makes it out to be. Do you think the working class…
local politics and US tariffs coming next week
347 While inflation remained low in June, the picture can change from 1 August if the US tariff on South Africa remains at 30%. It was another busy week on the local…
fragmentation and reshaping global supply chains and African MNEs
341 South Africa has reportedly reached an agreement with the US about tariffs, but government is keeping it under wraps until it is finalised. The US tariffs that will be implemented on…
Reserve Bank and Ibex reach final settlement of R6.3 billion on Steinhoff fraud
433 Steinhoff imploded in December 2017 when the auditors refused to sign off on the financial statements due to irregularities. The South African Reserve Bank (Sarb) has reached a final settlement with…
South Africa gets R8.4 billion loan to help fix and improve its energy sector
270 The money will be used to support the implementation of the Just Energy Transition (JET). South Africa has secured a $474.6 million (approximately R8.4 billion) loan from the African Development Bank…
