Man with R10-million stuffed in his suitcase granted bail

Man with R10-million stuffed in his suitcase granted bail
More than R90-million in cash has been seized from airports in the country since the start of 2016‚ said Sandile Memela‚ spokesman for the South African Revenue Service. “Since the beginning of 2017‚ the largest amount seized at the OR Tambo Airport …
Man with R10-million stuffed in his suitcase granted bail

Sars busts heroin, illegal skin cream and clothes worth R20M

Sars busts heroin, illegal skin cream and clothes worth R20M
JOHANNESBURG – South Africa Revenue Service (Sars) Customs officials and detector dogs intercepted heroin, illegal skin lightening cream and counterfeit clothes with a combined value of over R20-million in three different incidents at King Shaka …
Sars busts heroin, illegal skin cream and clothes worth R20M

Interview: “It’s tough for telcos to address the African market”

Interview: “It’s tough for telcos to address the African market”
Parallel Wireless has active deployments in Ghana, DRC, Senegal, South Africa, Gambia … from telcos in the other parts of the world? Service providers across the globe want to maximise their revenue and reduce their capital and operational expenditure.
Interview: “It’s tough for telcos to address the African market”

South Africa, the gateway to Sub-Saharan Africa

South Africa, the gateway to Sub-Saharan Africa
whose company’s African business accounts for just under a third of its total revenue. Montgomery also has an ownership in the Johannesburg Expo Centre, a South African organising arm and two hubs in East and West Africa. “Outside of South Africa we …
South Africa, the gateway to Sub-Saharan Africa

What’s at stake in Gigaba's first budget

What’s at stake in Gigaba's first budget
Remuneration levels and employment numbers in the civil service had to be cut … the credit rating agencies about South Africa’s fiscal stability. The statement forms the basis of the annual budget of government revenue and expenditure that is tabled …
What’s at stake in Gigaba's first budget

The Telecommunications Industry and Retail of Devices in South Africa 2017

The Telecommunications Industry and Retail of Devices in South Africa 2017
according to the Independent Communications Authority of South Africa (ICASA). There is a clear shift towards mobile over fixed-line connectivity, as well as internet over voice services. Mobile data revenue increased significantly, more than 25% year-on …
The Telecommunications Industry and Retail of Devices in South Africa 2017

Engie targets Africa with home solar acquisition

Engie targets Africa with home solar acquisition
Though Engie has 3,000 megawatts of renewable energy and gas-fired power assets in operation or under construction in Morocco and South Africa, and its Tractebel business sells energy services across … which had revenue of 66.6 billion euros ($79 billion …
Engie targets Africa with home solar acquisition

As scandals proliferate, South African bishops seek an anti-corruption court

As scandals proliferate, South African bishops seek an anti-corruption court
One of the strategies the state used to get rid of the highly principled Mr. Gordhan was to discredit him through accusations of a “secret” South African Revenue Service intelligence unit acting outside the law. Mr. Gordhan had, formerly, headed the …
As scandals proliferate, South African bishops seek an anti-corruption court

What's at stake in South Africa's new finance minister's first budget

What's at stake in South Africa's new finance minister's first budget
Remuneration levels and employment numbers in the civil service had to be cut … the credit rating agencies about South Africa’s fiscal stability. The statement forms the basis of the annual budget of government revenue and expenditure that is tabled …
What's at stake in South Africa's new finance minister's first budget

South Africa's poor tax revenues to delay fiscal consolidation

South Africa's poor tax revenues to delay fiscal consolidation
Schultz said Gigaba would have his work cut out for him in presenting a credible budget amid softening growth, inflation and revenue collections, along with more capital injections to embattled state-owned entities such as South African Airways.
South Africa's poor tax revenues to delay fiscal consolidation

Competition Commission calls for submissions on car service workshops and warranties

Competition Commission calls for submissions on car service workshops and warranties
Whatever your views‚ the Competition Commission would like hear from you — it’s calling for written submissions‚ typed or hand-written‚ on its draft code of conduct for competition in the South African … at the stipulated service intervals …
Competition Commission calls for submissions on car service workshops and warranties

South Africa: Op-Ed – in Defence of Tom Moyane At SARS

South Africa: Op-Ed – in Defence of Tom Moyane At SARS
Among those that have been subjected to unrelenting media scrutiny and assault are the South African Revenue Service… AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals …
South Africa: Op-Ed – in Defence of Tom Moyane At SARS

What’s at stake in South Africa’s new finance minister’s first budget

What’s at stake in South Africa’s new finance minister’s first budget
Remuneration levels and employment numbers in the civil service had to be cut … the credit rating agencies about South Africa’s fiscal stability. The statement forms the basis of the annual budget of government revenue and expenditure that is tabled …
What’s at stake in South Africa’s new finance minister’s first budget

South Africa: Chinese National Sentenced for Rhino Horn Smuggling

South Africa: Chinese National Sentenced for Rhino Horn Smuggling
… and arrest were the result of collaboration between officials from the South African Police Service (SAPS), Customs division of the South African Revenue Services, security screening companies and Environmental Management Inspectors (EMI’s) of the …
South Africa: Chinese National Sentenced for Rhino Horn Smuggling

What We Know So Far About South Africa's Largest Ever Data Breach

What We Know So Far About South Africa's Largest Ever Data Breach
… that the data was leaked from a South African government department or government-related entity like SARS (South African Revenue Services). A closer look at the columns in the dataset eliminates that, especially the fact that the DECEASED_STATUS …
What We Know So Far About South Africa's Largest Ever Data Breach

Top five South African consumer trends – Euromonitor

Top five South African consumer trends – Euromonitor
As a result, consumers have been less willing to spend and this has had an impact on demand for a wide range of products and services. Indeed … bar a swift, confidence-inspiring change to South Africa’s current political landscape, consumer spending …
Top five South African consumer trends – Euromonitor

EMEA (Europe, Middle East and Africa) Lavatory Service Carts Market Report 2017 | Qualitative Analysis

EMEA (Europe, Middle East and Africa) Lavatory Service Carts Market Report 2017 | Qualitative Analysis
South Africa, Nigeria, Egypt and Algeria. EMEA Lavatory Service Carts market competition by top manufacturers/players, with Lavatory Service Carts sales volume (K Units), price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player …
EMEA (Europe, Middle East and Africa) Lavatory Service Carts Market Report 2017 | Qualitative Analysis

Treasury must look at alternative tax revenue streams – economist

Treasury must look at alternative tax revenue streams – economist
Distrust in SARS Packirisamy said that multiple allegations made against the South African Revenue Service (SARS) may have eroded trust in the institution, and could also negatively affect tax morality. This may also add pressure to tax revenue collection.
Treasury must look at alternative tax revenue streams – economist

Tunisia has highest tax-to-GDP ratio in Africa: 30.3%

Tunisia has highest tax-to-GDP ratio in Africa: 30.3%
Tunisia is in this category with only Morocco and South Africa, while for comparison … with the highest share of revenue from social security contributions (17.0% and 29.5% respectively) and taxes on goods and services (43.6% and 35.8% respectively …
Tunisia has highest tax-to-GDP ratio in Africa: 30.3%

South Africa: Revenue Service On Cocaine Bust At OR Tambo Airport

South Africa: Revenue Service On Cocaine Bust At OR Tambo Airport
South African Revenue Service (SARS) Customs officials seized 30kg of cocaine estimated at close to R9-million in two separate incidents at OR Tambo International Airport today. In the first incident, collaboration between SARS Customs and the South …
South Africa: Revenue Service On Cocaine Bust At OR Tambo Airport

New Report sees Revenue Mobilization Improving on the Continent

New Report sees Revenue Mobilization Improving on the Continent
Domestic mobilisation of resources is improving gradually in African countries, according to new data from Revenue Statistics in Africa 2017 … Rwanda, Senegal, South Africa, Swaziland, Togo, Tunisia and Uganda. The report for the first time provides …
New Report sees Revenue Mobilization Improving on the Continent

Revenue mobilisation in Africa continues to improve, says new report

Revenue mobilisation in Africa continues to improve, says new report
Hohoe (V/R), Oct. 15, GNA – The mobilisation of domestic resources is improving steadily in African countries, according to new data from Revenue Statistics in Africa … Rwanda, Senegal, South Africa, Swaziland, Togo, Tunisia and Uganda.
Revenue mobilisation in Africa continues to improve, says new report

Presidency questions audit that formed basis of charges against Zuma

Presidency questions audit that formed basis of charges against Zuma
because it was conducted by the same person who compiled the report on the so-called rogue unit at the South African Revenue Service (SARS). The findings, conclusions and recommendations in that report have recently been withdrawn by KPMG. Johan van der …
Presidency questions audit that formed basis of charges against Zuma

Revenue assurance market explored in latest research

Revenue assurance market explored in latest research
Global Revenue Assurance Market comprises of the various service and solutions providing players … Europe, Asia-Pacific, South America, Middle East and Africa The major players in global and United States Revenue Assurance Market in the Telecom Sector …
Revenue assurance market explored in latest research

Sars bust 30kg cocaine worth some R9m at OR Tambo airport

Sars bust 30kg cocaine worth some R9m at OR Tambo airport
South African Revenue Service (Sars) customs officials seized 30kg of cocaine worth an estimated R9 million in two separate incidents at OR Tambo International Airport in Johannesburg on Friday, SARS said. In the first incident, collaboration between SARS …
Sars bust 30kg cocaine worth some R9m at OR Tambo airport

5 of the biggest South African startups deals of all time

5 of the biggest South African startups deals of all time
In early October, Cape Town GetSmarter concluded a $103 million (R1.4 billion) sale to US-based technology firm, 2U, making it one of the most valuable startups in the South Africa’s history … and operates under a revenue share model with the …
5 of the biggest South African startups deals of all time

Couple in Cape Town court for over R18m Sars fraud, fake estate agent arrested

Couple in Cape Town court for over R18m Sars fraud, fake estate agent arrested
A Cape Town couple have appeared in court in the city on charges of allegedly defrauding South African Revenue Service (Sars) of over R18 million, the Directorate for Priority Crime Investigation (Hawks) said. Johannes Tobias Wessels, 49, and Yvonne …
Couple in Cape Town court for over R18m Sars fraud, fake estate agent arrested

Cocaine worth R9m seized in two busts at OR Tambo airport

Cocaine worth R9m seized in two busts at OR Tambo airport
Johannesburg – South African Revenue Service (Sars) customs officials seized 30kg of cocaine worth an estimated R9 million in two separate incidents at OR Tambo International Airport in Johannesburg on Friday, Sars said. In the first incident …
Cocaine worth R9m seized in two busts at OR Tambo airport

SARS makes R9 million cocaine bust at OR Tambo

SARS makes R9 million cocaine bust at OR Tambo
South African Revenue Service (SARS) customs officials seized 30kg of cocaine worth an estimated R9 million in two separate incidents at OR Tambo International Airport in Johannesburg on Friday, SARS said. In the first incident, a collaboration between …
SARS makes R9 million cocaine bust at OR Tambo

Commercial Tumble Dryers Market 2017 Production, Revenue, Consumption, Export and Import Forecast 2023

Commercial Tumble Dryers Market 2017 Production, Revenue, Consumption, Export and Import Forecast 2023
revenue (million USD), and market share and growth rate of Immunotherapy Drugs in these regions, from 2012 to 2022 (forecast), covering Asia-Pacific, North America, Europe, South America, Middle East & Africa. The report provides a basic overview of the …
Commercial Tumble Dryers Market 2017 Production, Revenue, Consumption, Export and Import Forecast 2023

R9m cocaine confiscated at OR Tambo

R9m cocaine confiscated at OR Tambo
Johannesburg – South African Revenue Service (SARS) Customs officials have seized 30kg of cocaine estimated at close to R9-million in two separate incidents at OR Tambo International Airport. According to spokesperson Sandile Memela, in the first incident …
R9m cocaine confiscated at OR Tambo

More South Africans are applying for financial emigration – here’s how it works

More South Africans are applying for financial emigration – here’s how it works
“Most people assume that because they have left the Republic they are no longer required to file their annual tax returns with the South African Revenue Service (SARS).” “This however is not the case if you have any South African source income and as …
More South Africans are applying for financial emigration – here’s how it works

KPMG SA and McKinsey: thump them on the nose

KPMG SA and McKinsey: thump them on the nose
These are factors that South African authorities will have to take account of … It has conceded also that its “rogue unit” report for the SA Revenue Service was a hatchet job that enabled the forces of state capture to get rid of those who stood …
KPMG SA and McKinsey: thump them on the nose

Zuma’s ‘get out of jail’ card is ‘risky’

Zuma’s ‘get out of jail’ card is ‘risky’
The presidency said it expected that the recent withdrawal by KPMG of its report on the so-called rogue unit at the South African Revenue Service, which saw Gordhan briefly charged with fraud, should also bring into question the validity of the report used …
Zuma’s ‘get out of jail’ card is ‘risky’

Presidency highlights KPMG role as Zuma pins hopes on representations to NPA

Presidency highlights KPMG role as Zuma pins hopes on representations to NPA
President Jacob Zuma seems set to question the integrity of KPMG’s forensic audit into his finances‚ which was part of the corruption case against him‚ because it was conducted by the same person who compiled the report on the so-called rogue unit at …
Presidency highlights KPMG role as Zuma pins hopes on representations to NPA

Customs seize 30kg of cocaine in 2 OR Tambo busts

Customs seize 30kg of cocaine in 2 OR Tambo busts
Just a few hours later, 6kg was seized from another traveller. JOHANNESBURG – South African Revenue Service (Sars) Customs officials have seized 30 kilograms of cocaine in two separate busts at OR Tambo International Airport. In the first incident on …
Customs seize 30kg of cocaine in 2 OR Tambo busts

SARS‚ police bust drugs worth R9m at OR Tambo airport

SARS‚ police bust drugs worth R9m at OR Tambo airport
Customs officials seized 30kg of cocaine with an estimated street value of R9-million in two separate incidents at OR Tambo International Airport on Friday‚ the South African Revenue Service (SARS) said. Two people were arrested. In the first incident …
SARS‚ police bust drugs worth R9m at OR Tambo airport

Revenue Mobilization in Africa Goes Up

Revenue Mobilization in Africa Goes Up
The 2nd edition of the Revenue Statistics in Africa 2017 covered 16 African countries, including Cape Verde, Cameroon, DR Congo, Cote d’Ivoire, Ghana, Kenya, Mauritius, Morocco, Niger, Rwanda, Senegal, South Africa … on goods and services were the …
Revenue Mobilization in Africa Goes Up

Presidency highlights KPMG role, Zuma pins hopes on NPA

Presidency highlights KPMG role, Zuma pins hopes on NPA
President Jacob Zuma seems set to question the integrity of KPMG’s forensic audit into his finances‚ which was part of the corruption case against him‚ because it was conducted by the same person who compiled the report on the so-called rogue unit at …
Presidency highlights KPMG role, Zuma pins hopes on NPA

African Union : Revenue mobilisation in Africa continues to improve, says new report

African Union : Revenue mobilisation in Africa continues to improve, says new report
The mobilisation of domestic resources is improving steadily in African countries, according to new data from Revenue Statistics in Africa 2017 … Rwanda, Senegal, South Africa, Swaziland, Togo, Tunisia and Uganda. For the first time, the report provides …
African Union : Revenue mobilisation in Africa continues to improve, says new report

South African defence needs to be prioritised

South African defence needs to be prioritised
Armscor is dealing with funding cuts not by cutting personnel but by looking at alternative revenue streams … for instance and South African Police Service, as it broadens its client base. “We don’t want to replace industry in selling and marketing …
South African defence needs to be prioritised

SAICA’s independent inquiry into KPMG finalizes terms of reference

SAICA’s independent inquiry into KPMG finalizes terms of reference
… Africa was cast into the spotlight last month after it withdrew its report on the “rogue unit” at the South African Revenue Services (Sars) and said that its audits on the controversial Gupta family businesses account were “not up to KPMG …
SAICA’s independent inquiry into KPMG finalizes terms of reference

More than R50bn in irregular and wasteful expenditure – John Steenhuisen

More than R50bn in irregular and wasteful expenditure – John Steenhuisen
Similarly, South African Revenue Service, South African Airways, South African Express, South African National Roads Agency, and Passenger Rail Agency of South Africa have not finalised their annual reports. Audit results of departments and entities were …
More than R50bn in irregular and wasteful expenditure – John Steenhuisen

Financial emigration for overseas South Africans

Financial emigration for overseas South Africans
Apicella said that it is a legal requirement from the South African Revenue Bank and the South African Revenue Services, to confirm non-residency. It is based on the whether South Africa is still a person’s usual or principle residence. People choose …
Financial emigration for overseas South Africans

SARS collects R1 billion from special voluntary disclosure programme

SARS collects R1 billion from special voluntary disclosure programme
JOHANNESBURG – The South African Revenue Service (Sars) said on Tuesday that it had collected more than R1 billion from about 2000 taxpayers during the Special Voluntary Disclosure Programme (SVDP). The SVDP offered non-compliant taxpayers a once-off …
SARS collects R1 billion from special voluntary disclosure programme

Alarm as Eskom tops list of tender benders

Alarm as Eskom tops list of tender benders
This was leagues ahead of the South African Revenue Service, which had the second-highest quantum with R1.2bn. The Treasury, under which the office of the chief procurement officer falls, approved 450 of the 793 applications received in the financial year …
Alarm as Eskom tops list of tender benders

Sars gets R1bn revenue boost from undeclared offshore assets

Sars gets R1bn revenue boost from undeclared offshore assets
The South African Revenue Service (Sars) has collected slightly more than R1 billion from the Special Voluntary Disclosure Programme (SVDP) in 2016. Taxpayers with undeclared offshore assets and income were offered a window to come clean by voluntary …
Sars gets R1bn revenue boost from undeclared offshore assets

SARS ‘satisfied’ with R1bn raised so far in asset amnesty

SARS ‘satisfied’ with R1bn raised so far in asset amnesty
the South African Revenue Service (SARS) said on Tuesday. SARS revealed that 2,018 taxpayers had applied in terms of the special voluntary disclosure programme by the time it closed on August 31 and 335 of those applications had so far been processed.
SARS ‘satisfied’ with R1bn raised so far in asset amnesty

South Africa: Over R1 Billion Collected From SVPD and Still Counting

South Africa: Over R1 Billion Collected From SVPD and Still Counting
The South African Revenue Service (SARS) has collected over R1 billion through the Special Voluntary Disclosure Programme, which closed at the end of August. “The Revenue Service thanks over 2 000 taxpayers who made use of the Special Voluntary Disclosure …
South Africa: Over R1 Billion Collected From SVPD and Still Counting

South Africa: Disclosure Programme Puts Over R1 Billion in SARS Kitty

South Africa: Disclosure Programme Puts Over R1 Billion in SARS Kitty
The South African Revenue Service (SARS) has collected over R1 billion through the Special Voluntary Disclosure Programme, which closed at the end of August. “The Revenue Service thanks over 2 000 taxpayers who made use of the Special Voluntary Disclosure …
South Africa: Disclosure Programme Puts Over R1 Billion in SARS Kitty

SARS collects over R1 billion in tax from assets held offshore

SARS collects over R1 billion in tax from assets held offshore
The South African Revenue Service (SARS) said it collected an additional R1 billion from 2,000 taxpayers who made use of the Special Voluntary Disclosure Programme (SVDP) which closed at the end of August 2017. The SVDP offered non-compliant taxpayers an …
SARS collects over R1 billion in tax from assets held offshore

South Africa gets extra R1bn in tax as people disclose offshore assets

South Africa gets extra R1bn in tax as people disclose offshore assets
The South African Revenue Service (SARS) on Tuesday said over 2‚000 taxpayers had taken up the Special Voluntary Disclosure Programme announced in the Budget Speech in 2016 by the then Finance Minister‚ Pravin Gordhan‚ to give non-compliant taxpayers …
South Africa gets extra R1bn in tax as people disclose offshore assets

SARS offshore disclosure programme nets over R1bn

SARS offshore disclosure programme nets over R1bn
Cape Town – The South African Revenue Service (SARS) announced on Tuesday that it has collected over R1bn in revenue from South Africans who made use of its special voluntary disclosure programme. The programme, whose deadline was August 31, netted SARS …
SARS offshore disclosure programme nets over R1bn

KPMG announces new leadership team for South Africa

KPMG announces new leadership team for South Africa
The internal probe also resulted in KPMG South Africa withdrawing the findings of a report about a so-called rogue unit at the Revenue Service. The firm is being probed by the country’s regulatory body for auditors and the South African Institute of …
KPMG announces new leadership team for South Africa

DA welcomes decision to extend KPMG probe

DA welcomes decision to extend KPMG probe
to include the conduct of the auditor responsible for the forensic investigation into the so-called South African Revenue Services (SARS) rogue unit. In September, eight senior executives were forced to resign after it was found that the work done for the …
DA welcomes decision to extend KPMG probe

Audit watchdog to probe auditor of SARS 'rogue unit' report

Audit watchdog to probe auditor of SARS 'rogue unit' report
Cape Town – The Independent Regulatory Board of Auditors (IRBA) confirmed on Friday that it would investigate the auditor responsible for signing off on the forensic investigation into the so-called rogue unit at the South African Revenue Service (SARS).
Audit watchdog to probe auditor of SARS 'rogue unit' report

Audit watchdog to probe auditor of SARS 'rogue unit'

Audit watchdog to probe auditor of SARS 'rogue unit'
Cape Town – The Independent Regulatory Board of Auditors (IRBA) confirmed on Friday that it would investigate the auditor responsible for signing off on the forensic investigation into the so-called rogue unit at the South African Revenue Service (SARS).
Audit watchdog to probe auditor of SARS 'rogue unit'

Reserve Bank denies instructing banks on KPMG

Reserve Bank denies instructing banks on KPMG
The audit firm also announced that it intended to withdraw its report on the so-called “rogue spy unit” within the South African Revenue Service (Sars). The Reserve Bank said its position on the KPMG matter was further expanded on by deputy governor …
Reserve Bank denies instructing banks on KPMG

AVI ditches KPMG SA as its external auditor

AVI ditches KPMG SA as its external auditor
Consumer group AVI has dropped KPMG SA as its external auditor, joining several other JSE-listed groups that have ditched the auditing firm over its work for the controversial Gupta family and the South African Revenue Service (SARS). The termination of …
AVI ditches KPMG SA as its external auditor

SA Reserve Bank denies instructing banks on KPMG

SA Reserve Bank denies instructing banks on KPMG
The audit firm also announced that it intended to withdraw its report on the so-called “rogue spy unit” within the South African Revenue Service (Sars). The reserve bank said its position on the KPMG matter was further expanded on by deputy governor …
SA Reserve Bank denies instructing banks on KPMG

Nedbank and Investec pressure KPMG for results of Gupta investigation

Nedbank and Investec pressure KPMG for results of Gupta investigation
KPMG’s internal report resulted in the withdrawal of the findings of its report on the South African Revenue Services, while eight senior executives quit in the wake of its work for the Gupta family, which has been accused of wielding undue influence …
Nedbank and Investec pressure KPMG for results of Gupta investigation

South Africa's multiplay services market scrutinized in new research

South Africa's multiplay services market scrutinized in new research
“South Africa’s Multiplay Services Market Dynamics to 2021: Multiplay and Blended Services Adoption, RGU’s, ARPS and Service Revenue” is built using extensive market research carried out in telecommunication and media services market of South Africa.
South Africa's multiplay services market scrutinized in new research

KPMG execs who quit after Gupta debacle given golden handshakes

KPMG execs who quit after Gupta debacle given golden handshakes
… managers who recently resigned in the wake of the auditing firm admitting some of its work done for the South African Revenue Service (Sars) and the politically connected Gupta family fell short of acceptable standards, MPs heard on Thursday. Briefing …
KPMG execs who quit after Gupta debacle given golden handshakes

KPMG executives who resigned after Sars, Gupta fiasco paid exit packages

KPMG executives who resigned after Sars, Gupta fiasco paid exit packages
… managers who recently resigned in the wake of the auditing firm admitting some of its work done for the South African Revenue Service (Sars) and the politically connected Gupta family fell short of acceptable standards, MPs heard on Thursday. Briefing …
KPMG executives who resigned after Sars, Gupta fiasco paid exit packages

Golden handshakes for KPMG execs who quit after Gupta debacle

Golden handshakes for KPMG execs who quit after Gupta debacle
… managers who recently resigned in the wake of the auditing firm admitting some of its work done for the South African Revenue Service (Sars) and the politically connected Gupta family fell short of acceptable standards, MPs heard on Thursday. Briefing …
Golden handshakes for KPMG execs who quit after Gupta debacle

Wits University drops KPMG as its auditor

Wits University drops KPMG as its auditor
The Wits move is a fresh blow against the embattled audit firm, which continues to lose clients over its controversial report on a “rogue spy unit” within the South African Revenue Service (Sars), and also being implicated in covering money laundering …
Wits University drops KPMG as its auditor

SARS dishes out over R62 billion in refunds

SARS dishes out over R62 billion in refunds
The South African Revenue Service (SARS) has already paid over R62.1bn in refunds to taxpayers by 2 October. This was announced in a media release on Tuesday. According to SARS, the biggest chunk went to VAT refunds, totalling R49.8bn. Over R12 billion …
SARS dishes out over R62 billion in refunds

Over 2.7 million tax returns submitted

Over 2.7 million tax returns submitted
More than 2.7 million taxpayers have submitted their tax returns since the opening of tax season in July 2017, the South African Revenue Service (SARS) said on Tuesday. “SARS wishes to thank all 2 794 952 taxpayers who have submitted their returns timeously.
Over 2.7 million tax returns submitted

‘Profound tragedy’ if KPMG fell over

‘Profound tragedy’ if KPMG fell over
Manuel’s comments come in the wake of criticism against KPMG after it withdrew parts of its forensic report on the so-called rogue unit within the South African Revenue Service (Sars). It also admitted that some of its work related to Gupta-owned …
‘Profound tragedy’ if KPMG fell over

Audit watchdog Irba weighs KPMG probe

Audit watchdog Irba weighs KPMG probe
The Independent Regulatory Board for Auditors (Irba) is considering whether to investigate the role of KPMG in the preparation of the report on the “rogue unit” at the South African Revenue Service (SARS). In a briefing to Parliament’s standing committee …
Audit watchdog Irba weighs KPMG probe

R62bn refunded to date: SARS

R62bn refunded to date: SARS
The South African Revenue Service (SARS) said by Monday‚ it had paid over R62.1-billion refunds to taxpayers. “Of this amount‚ R49.8-billion in VAT refunds was disbursed and R12.3-billion in Personal Income Tax refunds‚” SARS said in a statement.
R62bn refunded to date: SARS

SA revenue service pays R62 billion back to the tax payer

SA revenue service pays R62 billion back to the tax payer
JOHANNESBURG – The South African Revenue Service (Sars) said on Tuesday that more than 2.7 million taxpayers had submitted their tax returns since the opening of the tax season in July and that it had paid over R62.1 billion in tax refunds This is an …
SA revenue service pays R62 billion back to the tax payer

Sars pays R62bn in tax refunds

Sars pays R62bn in tax refunds
The South African Revenue Service (Sars) said on Tuesday that more than 2.7-million taxpayers had submitted their tax returns since the opening of the tax season in July and that it had paid over R62.1-billion in tax refunds. This is an increase of 3.6 …
Sars pays R62bn in tax refunds

KPMG only fed us bits and pieces of information, regulator tells MPs

KPMG only fed us bits and pieces of information, regulator tells MPs
During question time, Democratic Alliance spokesperson on finance David Maynier asked Agulhas if IRBA would also investigate KPMG’s report on the South African Revenue Service ‘rogue unit’, and not only the Linkway matter. Agulhas said IRBA first had to …
KPMG only fed us bits and pieces of information, regulator tells MPs

Absa bank to 'reconsider' KPMG relationship

Absa bank to 'reconsider' KPMG relationship
Last month, KPMG announced that it intended to withdraw its report on a probe into the existence of a “rogue spy unit” within the South African Revenue Service (Sars), while it said audit work done for the controversial Gupta family “fell considerably …
Absa bank to 'reconsider' KPMG relationship

Jail those implicated in KPMG saga: Manuel

Jail those implicated in KPMG saga: Manuel
Manuel said KPMG should produce documents to prove how it had arrived at the findings of an investigation into an intelligence unit at the South African Revenue Service (SARS). His comments come after the auditing firm lost clients for its handling of the …
Jail those implicated in KPMG saga: Manuel

Carrim: Parliament finance committee has no capacity to probe Sars rogue unit

Carrim: Parliament finance committee has no capacity to probe Sars rogue unit
KPMG International recently withdrew the findings of a 2015 report that was compiled by its South African division into the activities of a covert intelligence unit at the revenue service. CAPE TOWN – The Democratic Alliance (DA) is calling on Parliament’s …
Carrim: Parliament finance committee has no capacity to probe Sars rogue unit

OPINION: SA has entrepreneurial stars of the highest calibre

OPINION: SA has entrepreneurial stars of the highest calibre
Created by the South African Revenue Service in 2009, Section 12J offers individuals, funds, trusts and companies resident in South Africa an attractive tax rebate on investments in an appropriate 12J Fund, and the tax rebate is up to a hefty 45% for …
OPINION: SA has entrepreneurial stars of the highest calibre

Tom Moyane takes dissatisfaction with KPMG to Parliament

Tom Moyane takes dissatisfaction with KPMG to Parliament
FILE: South African Revenue Service commissioner Tom Moyane on 18 September 2017. Picture: Sethembiso Zulu/EWN. CAPE TOWN – South African Revenue Service (Sars) boss Tom Moyane has formally notified Parliament of his “dissatisfaction” with KPMG’s handling …
Tom Moyane takes dissatisfaction with KPMG to Parliament

Moyane reiterates he's not happy with KPMG 'rogue unit' probe

Moyane reiterates he's not happy with KPMG 'rogue unit' probe
Cape Town – South African Revenue Service commissioner Tom Moyane reiterated in a letter to Parliament that he is “dissatisfied” with the way auditing firm KPMG handled its investigative report into the so-called SARS rogue unit. Moyane’s letter …
Moyane reiterates he's not happy with KPMG 'rogue unit' probe

SARS boss writes to Parliament about his dissatisfaction with KPMG investigation

SARS boss writes to Parliament about his dissatisfaction with KPMG investigation
South African Revenue Service commissioner Tom Moyane has written to the chairman of Parliament’s finance committee Yunus Carrim to register his “dissatisfaction” with the manner in which KPMG deal with its report into the “rogue” unit at SARS. Moyane has …
SARS boss writes to Parliament about his dissatisfaction with KPMG investigation

Impasse with auditor-general delays tabling of SARS annual report

Impasse with auditor-general delays tabling of SARS annual report
A dispute between the South African Revenue Service (SARS) and the auditor-general has meant that SARS was not able to table its annual financial statements in Parliament by Friday as required by the Public Finance Management Act. In a letter to the …
Impasse with auditor-general delays tabling of SARS annual report

What the South African KPMG saga says about shareholder activism

What the South African KPMG saga says about shareholder activism
KPMG may have thus also become a possible enabler of illicit capital flows in the process. compiling a report for South African Revenue Services about an alleged rogue spy unit within the tax authority. The report was used as part of a campaign against …
What the South African KPMG saga says about shareholder activism

Trade surplus eases to R6bn in August

Trade surplus eases to R6bn in August
Exports rose 11% to R103.4-billion on a month-on-month basis in August, while imports were up 16.3% to R97.4-billion, the South African Revenue Service said in a statement.
Trade surplus eases to R6bn in August

South Africa Extends Longest Trade-Surplus Run Since 2011

South Africa Extends Longest Trade-Surplus Run Since 2011
The 5.9 billion-rand ($437 million) surplus compares with July’s revised 9.3 billion-rand positive balance, the Pretoria-based South African Revenue Service said in an emailed statement Friday. The median of six economists’ estimates was for 2.1 …
South Africa Extends Longest Trade-Surplus Run Since 2011

State capture probe of old 'white capital' – Independent Online

State capture probe of old 'white capital' – Independent Online
Independent OnlineState capture probe of old 'white capital'Independent Online… said Mkhwebane had received a complaint from a group of ANC MPs against the SA Reserve Bank, Public Investment Corporation (PIC), Financial Intelligence Centre, the Treasury, SA Airways, Eskom, the SA Revenue Service, South African businessmen, …
State capture probe of old 'white capital' – Independent Online

KPMG must realise damage its SARS report caused SA, says Future SA – Citizen

KPMG must realise damage its SARS report caused SA, says Future SA – Citizen
CitizenKPMG must realise damage its SARS report caused SA, says Future SACitizen“Their report on the so-called 'rogue unit' at SARS lent credence to fallacious stories about one of the most effective investigative units in South Africa and contributed to the capture of SARS. SARS is now a shadow of its former self,” Future SA said.Gordhan to seek legal advice after KPMG retracts SARS 'rogue unit' findingsFin24Gordhan tells KPMG: Admit you were complicit in state captureJohannesburg Sunday WorldKPMG cans SARS 'rogue unit' report‚ apologises to GordhanTimes LIVEEyewitness News -Mail & Guardian -The Guardian -The Guardianall 126 news articles »
KPMG must realise damage its SARS report caused SA, says Future SA – Citizen

Public Protector: Accountability Now seeks investigation into Guptas' tax affairs – Daily Maverick

Public Protector: Accountability Now seeks investigation into Guptas' tax affairs – Daily Maverick
Daily MaverickPublic Protector: Accountability Now seeks investigation into Guptas' tax affairsDaily MaverickThe Gupta family should brace themselves for more heat after the Public Protector's office confirmed to Daily Maverick on Thursday that they had received Accountability Now's request to investigate SARS's conduct regarding its decision to abandon an …
Public Protector: Accountability Now seeks investigation into Guptas' tax affairs – Daily Maverick

Public Protector: Accountability Now seeks investigation into Guptas … – Daily Maverick

Public Protector: Accountability Now seeks investigation into Guptas … – Daily Maverick
Daily MaverickPublic Protector: Accountability Now seeks investigation into Guptas …Daily MaverickThe Public Protector's office has confirmed receipt of a request to investigate the SA Revenue Service's conduct regarding the Gupta family's tax affairs.and more »
Public Protector: Accountability Now seeks investigation into Guptas … – Daily Maverick

SARS receives hundreds of SVDP applications – Business Day (registration)

SARS receives hundreds of SVDP applications – Business Day (registration)
Business Day (registration)SARS receives hundreds of SVDP applicationsBusiness Day (registration)The South African Revenue Service (SARS) has received 606 applications so far under the special voluntary disclosure programme (SVDP) that allows taxpayers to come clean about their undeclared foreign assets. Of these, 253 applications relating to …Sars amnesty for hidden assets a flopBizcommunity.comVoluntary offshore disclosures: Final SARS deadline fast approachesBizNewsall 3 news articles »
SARS receives hundreds of SVDP applications – Business Day (registration)

Sars commended for R1 trillion revenue collection – Independent Online

Sars commended for R1 trillion revenue collection – Independent Online
Sars commended for R1 trillion revenue collectionIndependent OnlineShe said that this collection would not have been possible “without a dedicated Sars team that worked tirelessly to ensure that South Africans cooperate with tax laws”. Williams said that government hoped “South Africans will continue to work together …
Sars commended for R1 trillion revenue collection – Independent Online

UCT to offer fintech-focused degree from 2018 – Business Day (registration)

UCT to offer fintech-focused degree from 2018 – Business Day (registration)
Business Day (registration)UCT to offer fintech-focused degree from 2018Business Day (registration)"An alert to this effect was issued jointly by the National Treasury, the South African Reserve Bank, the Financial Services Board, the South African Revenue Service and the Financial Intelligence Centre in 2014, which cautioned members of the public …and more »
UCT to offer fintech-focused degree from 2018 – Business Day (registration)

Lim 10111 workers join national strike – Bosveld Review

Lim 10111 workers join national strike – Bosveld Review
Bosveld ReviewLim 10111 workers join national strikeBosveld ReviewThese call centres included the presidential hotline, home affairs and the South African Revenue Service. The task team concluded its work on 30 April last year and recommended in a report that the salary for 10111 call centre operators should be …and more »
Lim 10111 workers join national strike – Bosveld Review

SARS dodges Gupta tax questions – eNCA

SARS dodges Gupta tax questions – eNCA
eNCASARS dodges Gupta tax questionseNCAJOHANNESBURG – The South African Revenue Service (SARS) refuses to comment on the Gupta family's tax affairs. Fresh questions about the influential family's finances surfaced amid claims of shady revenue declarations. Investigative journalism teams …
SARS dodges Gupta tax questions – eNCA

MPs Concerned The Guptas Are Planning To Skip The Country – Huffington Post South Africa (blog)

MPs Concerned The Guptas Are Planning To Skip The Country – Huffington Post South Africa (blog)
MPs Concerned The Guptas Are Planning To Skip The CountryHuffington Post South Africa (blog)Informally, MPs reportedly want to talk to law enforcement agencies about their concerns and the South African Revenue Services (Sars) could be looking into the matter. The Guptas also announced the sale of their media assets, The New Age and ANN7, …
MPs Concerned The Guptas Are Planning To Skip The Country – Huffington Post South Africa (blog)

Guptas bail out of another SA business – Times LIVE

Guptas bail out of another SA business – Times LIVE
Times LIVEGuptas bail out of another SA businessTimes LIVEA United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family's Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and …and more »
Guptas bail out of another SA business – Times LIVE

CellSAf again vows to stop Cell C deal – TechCentral

CellSAf again vows to stop Cell C deal – TechCentral
TechCentralCellSAf again vows to stop Cell C dealTechCentral“The transaction requires approval by the financial surveillance department of the South African Reserve Bank and Cell C is currently facing scrutiny by the South African Revenue Service, relating to VAT, 'thin capitalisation' and transfer pricing.and more »
CellSAf again vows to stop Cell C deal – TechCentral

Suspects nabbed while smuggling R2m worth of heroin – News24

Suspects nabbed while smuggling R2m worth of heroin – News24
News24Suspects nabbed while smuggling R2m worth of heroinNews24Musina – Three Zimbabweans were arrested at Beitbridge border post in possession of heroin worth R2m, police said on Wednesday. The suspects were arrested on Tuesday night by the police at border post for possession of heroin. Police spokesperson …Three Zimbabweans arrested at Beitbridge border post, heroin worth R2m foundCitizenall 3 news articles »
Suspects nabbed while smuggling R2m worth of heroin – News24

Three Zimbabweans arrested at Beitbridge border post, heroin worth R2m found – Citizen

Three Zimbabweans arrested at Beitbridge border post, heroin worth R2m found – Citizen
CitizenThree Zimbabweans arrested at Beitbridge border post, heroin worth R2m foundCitizen”Members of the South African Police Service (SAPS) and the South African Revenue Services (Sars) were busy with normal routine check ups at the border on Tuesday night when the truck was directed to the cargo scanner. It was at this point that the …
Three Zimbabweans arrested at Beitbridge border post, heroin worth R2m found – Citizen

Child Welfare Kempton picks up the pieces after mismanagement debacle – Kempton Express

Child Welfare Kempton picks up the pieces after mismanagement debacle – Kempton Express
Child Welfare Kempton picks up the pieces after mismanagement debacleKempton ExpressOver and above this, the organisation's mother bod”, Child Welfare South Africa (CWSA), plunged the affiliate into further financial difficulties with the South African Revenue Services (SARS). Challenges include irregular payment of PAYE and UIF and …
Child Welfare Kempton picks up the pieces after mismanagement debacle – Kempton Express