South Africa Wants to Track and Tax Bitcoin Trading

South Africa Wants to Track and Tax Bitcoin Trading
This has prompted the South African Revenue Service (Sars) to explore ways to ensure it gets its cut from all the action. The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency …
South Africa Wants to Track and Tax Bitcoin Trading

BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service

BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service
* ‍CONCLUDED COMPROMISE AGREEMENTS WITH COMMISSIONER OF SOUTH AFRICAN REVENUE SERVICE IN RESPECT OF SETTLEMENT OF THEIR OUTSTANDING TAX DEBTS WITH SARS * ‍UNDERTAKEN TO PAY AMOUNT OF 8.2 MILLION TO SARS OVER A PERIOD OF 14 MONTHS IN FULL AND FINAL …
BRIEF-African Dawn Capital Announces ‍Conclusion Of Compromise Agreements With South African Revenue Service

AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service

AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service
Date: 15/12/2017 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any …
AFRICAN DAWN CAPITAL LIMITED – Conclusion Of Compromise Agreements With The South African Revenue Service

South African Tax Services Researching Ways to Track BTC Transactions

South African Tax Services Researching Ways to Track BTC Transactions
To this end, the South African Revenue Service, the taxation body of the country, is seeking help from top technology companies from around the world in order to try and track Bitcoin transactions. This attempt by the South African Revenue Service (SARS …
South African Tax Services Researching Ways to Track BTC Transactions

South African Revenue Service wants to tax Bitcoin Traders income in South Africa

South African Revenue Service wants to tax Bitcoin Traders income in South Africa
According to a report by MoneyWeb, the South African Revenue Service (SARS) is currently in talks with tech companies in how they can jointly start tracking Cryptocurrencies trading. While in reality tracking blockchain transactions is very difficult …
South African Revenue Service wants to tax Bitcoin Traders income in South Africa

South African tax collector takes aim at cryptocurrencies like Bitcoin

South African tax collector takes aim at cryptocurrencies like Bitcoin
According to a report by MoneyWeb, The South African Revenue Service (SARS) has opened dialogue with a number of the top technology companies in the world in order to try and enable the tax revenue service to track cryptocurrecy trades more efficiently.
South African tax collector takes aim at cryptocurrencies like Bitcoin

South Africa to reinstate tax courts,

South Africa to reinstate tax courts,
the nation’s revenue service is looking at bringing back tax courts in a bid to step up its enforcement efforts. South Africa’s finance minister recently launched a probe into the South African Revenue Service after figures showed tax revenue was …
South Africa to reinstate tax courts,

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment
A Cape Town man will serve 12 years effective imprisonment for large-scale Value Added Tax (VAT) fraud worth R15 million, said the South African Revenue Service (SARS). Johannes Tobias Wessels from Kraaifontein was sentenced to 12 years imprisonment for …
South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

South Africa's revenue agency concerned about falling tax compliance

South Africa's revenue agency concerned about falling tax compliance
PRETORIA (Reuters) – The South African revenue service (SARS) is concerned about falling tax compliance as some tax payers have stopped paying their taxes over unhappiness with the government, the agency said on Tuesday. Finance Minister Malusi Gigaba …
South Africa's revenue agency concerned about falling tax compliance

Tax revenue collected by Sars doubles in the past 10 years

Tax revenue collected by Sars doubles in the past 10 years
JOHANNESBURG – South African Revenue Services (Sars) and the National Treasury said that the total revenue collected for the fiscal years, from 2007/08 to 2016/17 amounted to R8.13 trillion. Sars also said tax revenue collected all but doubled in 10 years …
Tax revenue collected by Sars doubles in the past 10 years

Jacob Zuma and the Theft of South Africa

Jacob Zuma and the Theft of South Africa
At the South African Revenue Service, the country’s tax authority, investigations into politically connected individuals evading taxes have been shut down. Jacques Pauw, a celebrated anti-apartheid journalist, recently exposed how President Zuma himself …
Jacob Zuma and the Theft of South Africa

Jacob Zuma and the Theft of South Africa

Jacob Zuma and the Theft of South Africa
At the South African Revenue Service, the country’s tax authority, investigations into politically connected individuals evading taxes have been shut down. Jacques Pauw, a celebrated anti-apartheid journalist, recently exposed how President Zuma himself …
Jacob Zuma and the Theft of South Africa

South Africa needs a fresh approach to its stubbornly high levels of inequality

South Africa needs a fresh approach to its stubbornly high levels of inequality
The author used previously unpublished personal income tax data from the South African Revenue Service for the 2010-11 tax year. Her results are striking. They underscore the importance of the distribution of wealth in any study of inequality. She found …
South Africa needs a fresh approach to its stubbornly high levels of inequality

I believe South Africa will sort itself out, says UK angel invested in country

I believe South Africa will sort itself out, says UK angel invested in country
Perhaps it means more then should be done to extend and publicise the 12J tax incentive administered by the South African Revenue Service (Sars)?
I believe South Africa will sort itself out, says UK angel invested in country

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire
But ShopRite has forged ahead: revenue from outside South Africa now accounts for almost 20% of its revenue … and provides financial and mobile services. Between STAR and ShopRite, “they can almost fill a shopping centre”, Ingham says.
'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa

Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa
He expands, adding that this process is managed through the South African Revenue Service (SARS). “In the case of healthcare products, these do not attract duties and levies, but the MCC of South Africa and regulatory authorities around the world do not …
Imperial Logistics receives revised license for pharmaceutical bonded facilities in Africa

South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA

South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA
The President’s Keepers – launched in October – was not well received by the South Africa Revenue Service (SARS) and the State Security Agency (SSA), which wanted Pauw and the publishers to withdraw the book. Mulaudzi told News24 at the time that they were …
South Africa: A Docket Has Been Opened Against Jacques Pauw – NPA

S.Africa court orders prosecution chief to leave job

S.Africa court orders prosecution chief to leave job
A South African court on Friday overturned President Jacob … a “rogue” tax unit that spied on top government officials while he was in charge of the revenue service. The allegations were later found to be false. A statement from Zuma’s office said …
S.Africa court orders prosecution chief to leave job

Traxx Africa handed over in Durban

Traxx Africa handed over in Durban
15 locomotives have been completed and are expected to enter revenue service at the beginning of 2018. More than 60% of the total contract value is to be spent on locally manufactured materials, components and services, with around 90 South African …
Traxx Africa handed over in Durban

EXCLUSIVE: Whistleblowers inform Mashaba City Power paid R30m for services not rendered

EXCLUSIVE: Whistleblowers inform Mashaba City Power paid R30m for services not rendered
The document is addressed to Joburg mayor Herman Mashaba, MMC for Infrastructure Services Nico de Jager … Presenting a paper at the 19th annual Southern African Revenue Protection Association’s convention held on 6 – 7 August 2015, a few months …
EXCLUSIVE: Whistleblowers inform Mashaba City Power paid R30m for services not rendered

Black Friday: Was extreme discounting a waste of revenue for retailers?

Black Friday: Was extreme discounting a waste of revenue for retailers?
This includes webhosting services, like GoDaddy and Hostgator … Is, really, giving coupons to existing customers a waste of revenue? “I have thought about this question many times” says Alex Papaconstantinou, founder of UK coupon site, Wikigains.
Black Friday: Was extreme discounting a waste of revenue for retailers?

South Africa: SARS Lost 506 Employees Since Start of Year

South Africa: SARS Lost 506 Employees Since Start of Year
The South African Revenue Service (SARS) has lost 506 employees since the start of the year. The figure was revealed after DA MP and finance spokesperson Alf Lees asked a Parliamentary question in which he wanted to know the extent of the brain drain …
South Africa: SARS Lost 506 Employees Since Start of Year

Sub-Saharan Africa Mobile Services Trends and Forecasts 2017-2022 – Research and Markets

Sub-Saharan Africa Mobile Services Trends and Forecasts 2017-2022 – Research and Markets
Service revenue will grow at a 2.7% CAGR during 2016-2022 to … It includes country views for Ghana, Kenya, Nigeria, South Africa, Tanzania and Uganda.
Sub-Saharan Africa Mobile Services Trends and Forecasts 2017-2022 – Research and Markets

South Africa: Revenue Service Corrects Reports On Payment of Jonas Makwakwa

South Africa: Revenue Service Corrects Reports On Payment of Jonas Makwakwa
The South African Revenue Service (SARS) wishes to correct inaccurate and untrue media reports that Chief Officer: Business & Individual Tax, Mr Jonas Makwakwa was paid a bonus while on suspension. SARS finds it necessary to specifically clarify the …
South Africa: Revenue Service Corrects Reports On Payment of Jonas Makwakwa

Record revenue from #BlackFriday

Record revenue from #BlackFriday
South African e-commerce company Loot.co.za said its Black Friday revenue increased 149% year-on-year and visits … warming to the use of technology to deliver and acquire goods and services.” Nieuwoudt said Black Friday was a trend that was definitely …
Record revenue from #BlackFriday

Westbrooke now South Africa’s largest Section 12J manager

Westbrooke now South Africa’s largest Section 12J manager
Jonti Osher, fund manager at Westbrooke Alternative Asset Management adds, “S12J is an investment tax incentive which was introduced by the South African Revenue Services under Section 12J of the Income Tax Act in 2009. It wasn’t until 2014, however …
Westbrooke now South Africa’s largest Section 12J manager

South Africa: Makwakwa Reinstated Amid Probes By SARS and Hawks, Parliament Hears

South Africa: Makwakwa Reinstated Amid Probes By SARS and Hawks, Parliament Hears
High ranking South African Revenue Service (SARS) official Jonas Makwakwa returned to his post from a suspension while being investigated for tax irregularities by SARS itself, as well as the Hawks. This was revealed in the Standing Committee on Finance’s …
South Africa: Makwakwa Reinstated Amid Probes By SARS and Hawks, Parliament Hears

The book that could change South Africa

The book that could change South Africa
Pauw looks closely at the role of Tom Moyane, a close Zuma ally and the commissioner of the South African Revenue Service (SARS). The book is unambiguous in its assertion that South Africa is dangerously close to becoming a bankrupt, failed democracy.
The book that could change South Africa

South Africa: SARS Dispels Makwakwa Bonus Payment Reports

South Africa: SARS Dispels Makwakwa Bonus Payment Reports
The South African Revenue Service (SARS) on Monday corrected media reports stating that the Chief Officer for Business and Individual Tax, Jonas Makwakwa, was paid a bonus while on suspension. In a statement, the revenue service moved to correct media …
South Africa: SARS Dispels Makwakwa Bonus Payment Reports

Revenue rises to R58.6bn at STAR

Revenue rises to R58.6bn at STAR
It said the unit also increased its footprint in South Africa to 3 679 stores … as main contributors to the 13.2% revenue growth. “As the company honed in on its cost-cutting strategy to access new products and services through existing infrastructure …
Revenue rises to R58.6bn at STAR

Dark days for Steinhoff Africa after 10% drop

Dark days for Steinhoff Africa after 10% drop
It said the unit also increased its footprint in South Africa to 3 679 stores … as main contributors to the 13.2% revenue growth. “As the company honed in on its cost-cutting strategy to access new products and services through existing infrastructure …
Dark days for Steinhoff Africa after 10% drop

Mazda Southern Africa launches Mazda Foundation

Mazda Southern Africa launches Mazda Foundation
Registered and incorporated on the 8 th of May 2015, the company is endorsed by the South African Revenue Service (SARS) Taxation Office as a tax deductible gift recipient, with donations made payable to Mazda Foundation Southern Africa. Tax deductible …
Mazda Southern Africa launches Mazda Foundation

This proposed tax increase could spell big trouble for South Africa

This proposed tax increase could spell big trouble for South Africa
The South African Revenue Service (SARS) data for 2016 reflects that approximately 1% of the South African population pays 60% of the South African personal tax which is collected by SARS and less than 600 companies pay 60% of the corporate income tax …
This proposed tax increase could spell big trouble for South Africa

South Africa’s first ISP owned and run by a cooperative

South Africa’s first ISP owned and run by a cooperative
Zenzeleni constitutes a fully fledged Internet Service Provider … too remote to generate good revenue. Secondly, all telecommunications companies earn interconnect fees. Calls to mobile and landline numbers across South Africa incur these fees, which …
South Africa’s first ISP owned and run by a cooperative

‘South Africans must free Treasury, Sars from state capture’

‘South Africans must free Treasury, Sars from state capture’
says South Africans must free Treasury and the South African Revenue Service (Sars) from state capture. She officially introduced her new political party, African Democratic Change, on Saturday. This is a fourth breakaway party from the ANC since democracy …
‘South Africans must free Treasury, Sars from state capture’

South Africa – ADvTech adjusts revenue and profit due to fraud

South Africa – ADvTech adjusts revenue and profit due to fraud
South African recruitment firm ADvTech announced that … “These activities have resulted in an over-statement of revenue, an understatement of costs and the theft of cash,” the group announced. “The cash component amounts to ZAR 5 million (USD …
South Africa – ADvTech adjusts revenue and profit due to fraud

South Africa Merchandise Trade Statistics for October 2017

South Africa Merchandise Trade Statistics for October 2017
The South African Revenue Service (SARS) has released trade statistics for October 2017 recording a trade balance surplus of R4.56 billion. These statistics include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS). The year-to-date (01 …
South Africa Merchandise Trade Statistics for October 2017

VAT and e-commerce, South Africa falls behind; stays behind

VAT and e-commerce, South Africa falls behind; stays behind
… provides electronic services to South African consumers or receives payment for such electronic services from a South African bank and the revenue exceeds ZAR 50 000 a year. This compulsory registration is significantly less than the registration …
VAT and e-commerce, South Africa falls behind; stays behind

Pan-African News Wire

Pan-African News Wire
The revenue service said on Thursday South Africa’s trade surplus widened to 4.56 billion rand ($335 million) in October, thanks to a weaker rand and subdued demand for imports. “Export growth continues to be supported by a moderate recovery in South …
Pan-African News Wire

UPDATE 1-South Africa's rand firmer after trade data, stocks slide

UPDATE 1-South Africa's rand firmer after trade data, stocks slide
The revenue service said on Thursday South Africa’s trade surplus widened to 4.56 billion rand ($335 million) in October, thanks to a weaker rand and subdued demand for imports. “Export growth continues to be supported by a moderate recovery in South …
UPDATE 1-South Africa's rand firmer after trade data, stocks slide

South Africa's trade surplus inches higher in October

South Africa's trade surplus inches higher in October
Exports rose by 2.2 percent to 104.5 billion rand on a month-on-month basis in October, while imports were up 2.3 percent to 99.9 billion rand, the South African Revenue Service said in a statement. On a cumulative basis the trade balance between January …
South Africa's trade surplus inches higher in October

Sub-Saharan African Telecom Operators Work To Improve Service Delivery

Sub-Saharan African Telecom Operators Work To Improve Service Delivery
The GeoPoll straw poll had 2,700 respondents in five different sub-Saharan African countries: Kenya, Nigeria, Ghana, South Africa and Uganda. It focused on various aspects of service delivery … boosting their average revenue per user (ARPU) rates through …
Sub-Saharan African Telecom Operators Work To Improve Service Delivery

South Africa's rand flat ahead of PPI, trade data

South Africa's rand flat ahead of PPI, trade data
Stats South Africa publishes October producer inflation figures and trade balance data from the revenue service is due at 1200 GMT. Bonds were weaker, with the yield on the benchmark paper due in 2026 up 3 basis points to 9.32 percent. The stock markets …
South Africa's rand flat ahead of PPI, trade data

Junk-avoiding budget plans may hurt South African growth

Junk-avoiding budget plans may hurt South African growth
South Africa … at Citadel Investment Services in Cape Town, said by phone. Political uncertainty and conflict in the ruling party in the run-up to its leadership election next month has hamstrung efforts to boost growth in Africa’s most-industrialized …
Junk-avoiding budget plans may hurt South African growth

Zuma’s junk-avoiding plans are going to hurt South Africa

Zuma’s junk-avoiding plans are going to hurt South Africa
South Africa … at Citadel Investment Services in Cape Town, said by phone. Political uncertainty and conflict in the ruling party in the run-up to its leadership election next month has hamstrung efforts to boost growth in Africa’s most-industrialized …
Zuma’s junk-avoiding plans are going to hurt South Africa

Zuma's Junk-Avoiding Budget Plans May Hurt South African Growth

Zuma's Junk-Avoiding Budget Plans May Hurt South African Growth
South Africa … at Citadel Investment Services in Cape Town, said by phone. Political uncertainty and conflict in the ruling party in the run-up to its leadership election next month has hamstrung efforts to boost growth in Africa’s most-industrialized …
Zuma's Junk-Avoiding Budget Plans May Hurt South African Growth

Ethical behaviour should be a priority for all South Africans

Ethical behaviour should be a priority for all South Africans
The refusal by Auditor-General Kimi Makwetu to buckle under political pressure and his insistence that irregular bonuses at the South African Revenue Service be disclosed shows that members of the profession do act to protect the public interest.
Ethical behaviour should be a priority for all South Africans

Mobile services in Sub-Saharan Africa: trends and forecasts 2017-2022

Mobile services in Sub-Saharan Africa: trends and forecasts 2017-2022
Geographical coverage Countries modelled individually Ghana Kenya Nigeria South Africa Tanzania Uganda Data coverage Mobile connections Handset, mobile broadband, M2M Prepaid, contract 2G, 3G, 4G, 5G Smartphone, non-smartphone Mobile revenue Service …
Mobile services in Sub-Saharan Africa: trends and forecasts 2017-2022

South Africa Looks for Extra $1.8 Billion of Spending Cuts

South Africa Looks for Extra .8 Billion of Spending Cuts
Gigaba is expected to make further announcements on the expenditure cuts and revenue increases in the Feb. 21 budget speech. Moody’s Investors Service kept South Africa’s ratings on its lowest investment grade on Nov. 24 but placed them on review for …
South Africa Looks for Extra .8 Billion of Spending Cuts

Moody : Places South Africa's Baa3 Ratings on Review for Downgrade

Moody : Places South Africa's Baa3 Ratings on Review for Downgrade
In the current political environment, that pattern shows little sign of ending, and has been amplified by questions about the capacity of the South Africa’s Revenue Service (SARS) to collect revenues effectively. Near-term growth prospects remain …
Moody : Places South Africa's Baa3 Ratings on Review for Downgrade

East African block calls for qualified livestock quarantines to increase export revenue

East African block calls for qualified livestock quarantines to increase export revenue
underscored on Monday that the need to establish qualified quarantines as a feasible model for promoting livestock trade across the east African region. Noting that its member countries that are Djibouti, Ethiopia, Kenya, Somalia, South Sudan, Sudan and …
East African block calls for qualified livestock quarantines to increase export revenue

South Africa: SARS Dismisses Reports of Impropriety

South Africa: SARS Dismisses Reports of Impropriety
The South African Revenue Service (SARS) has dismissed media reports of impropriety against Commissioner Tom Moyane. “SARS notes with deep concern media reports spreading the allegation that there has been impropriety on the part of Commissioner Moyane in …
South Africa: SARS Dismisses Reports of Impropriety

Launch of Leadership Training Programme for State Revenue Authority Governing Board Members

Launch of Leadership Training Programme for State Revenue Authority Governing Board Members
H.E. Vice President of the Republic of South Sudan James Wani Igga, the University of Juba School of Public Service, and UNDP, will launch a two-week training programme for members of the new Revenue Authority Governing Board under the theme “Raising …
Launch of Leadership Training Programme for State Revenue Authority Governing Board Members

Has South Africa had it?

Has South Africa had it?
In it, Pauw reveals that, in 2014, President Zuma was personally begged by the acting head of the South African Revenue Service (“SARS”), Ivan Pillay, to submit five years of overdue tax returns. Instead, Zuma appointed a retired Prisons Commissioner …
Has South Africa had it?

South Africa: 5.6 Million Tax Returns Submitted – SARS

South Africa: 5.6 Million Tax Returns Submitted – SARS
A total 5.6 million tax returns were submitted, while R18.5 billion worth of refunds were paid to individuals at the close of the tax season for non-provisional taxpayers, said the South African Revenue Service (SARS). The revenue service saw a 26% …
South Africa: 5.6 Million Tax Returns Submitted – SARS

South Africa: SARS Pays R18.5bn to 2.22 Million Taxpayers

South Africa: SARS Pays R18.5bn to 2.22 Million Taxpayers
The SA Revenue Service (SARS) paid R18.5bn to 2.22 million taxpayers … SARS emphasised in its statement that it remains resolute about meeting its revenue collection target for South Africa. AllAfrica publishes around 900 reports a day from more than …
South Africa: SARS Pays R18.5bn to 2.22 Million Taxpayers

South Africa: Restoring Confidence Top Priority Following Rating Decisions

South Africa: Restoring Confidence Top Priority Following Rating Decisions
According to the rating agency, growth prospects are weaker and material budgetary revenue shortfalls have emerged alongside increased spending pressures. The rating agency has further indicated that the review will allow it to assess the South African …
South Africa: Restoring Confidence Top Priority Following Rating Decisions

African Countries Must Produce Complimentary Products for Intra-Regional Trade to Thrive, says Zimbabwe Revenue Authority

African Countries Must Produce Complimentary Products for Intra-Regional Trade to Thrive, says Zimbabwe Revenue Authority
Sandra Chihaka from the Zimbabwe Revenue Authority has said. Speaking to delegates at the ongoing World Customs Organisation (WCO) East and Southern Africa (ESA) Conference, Chihaka noted that Africa needs to diversify the types of goods and services …
African Countries Must Produce Complimentary Products for Intra-Regional Trade to Thrive, says Zimbabwe Revenue Authority

South Africa: I Took SARS to the Cleaners, Says Malema

South Africa: I Took SARS to the Cleaners, Says Malema
Economic Freedom Fighters leader Julius Malema explained that, when he found himself in hot water with the South African Revenue Service (SARS), he was under the impression that the employer was the one responsible for ensuring that he complied.
South Africa: I Took SARS to the Cleaners, Says Malema

Auditor-general finds SARS bonuses illegal

Auditor-general finds SARS bonuses illegal
The South African Revenue Service (SARS) has failed to comply with legislation by unlawfully paying bonuses to staff without the approval of Finance Minister Malusi Gigaba, the auditor-general has found. The conclusion is contained in the long-delayed SARS …
Auditor-general finds SARS bonuses illegal

SARS brain drain continues as another top official resigns amid investigations

SARS brain drain continues as another top official resigns amid investigations
The South African Revenue Service(SARS) seems to be experiencing a bit of a brain drain as many experienced employees are leaving the institution at quite the rate. According to News24, the latest high-profile resignation is that of Ronel van Wyk …
SARS brain drain continues as another top official resigns amid investigations

South Africa firm dilutes Kenya’s stake in KenGen

South Africa firm dilutes Kenya’s stake in KenGen
Shareholders protested at the AGM due to a two-year dividend drought Government’s shareholding in KenGen has dropped following aggressive investment by South … Services, which would offer consultancy services as the firm starts to diversify revenue …
South Africa firm dilutes Kenya’s stake in KenGen

Exports of apples and pears from South Africa growing steadily

Exports of apples and pears from South Africa growing steadily
This is 10% more than last year for apples and a few percent more for pears. This is according to The South African Revenue Service (SARS). This source publishes figures on the total South African import and export based on figures from customs.
Exports of apples and pears from South Africa growing steadily

Netcare revenue decreased by 9.6% in the last financial year

Netcare revenue decreased by 9.6% in the last financial year
The business expects to benefit from the restructuring of the Emergency Services business and improved performance … cases not fully offset by the increase in day cases. In South Africa, revenue from continuing operations increased 1.2% to R19.11bn …
Netcare revenue decreased by 9.6% in the last financial year

South Africa: What South Africa's Reserve Bank Can – and Can't – Do About Illicit Financial Flows

South Africa: What South Africa's Reserve Bank Can – and Can't – Do About Illicit Financial Flows
The legislative framework also creates room for greater cooperation among the three institutions – South African Revenue Service, the South African Reserve Bank and the Financial Intelligence Centre – to connect the dots and pick up patterns regarding …
South Africa: What South Africa's Reserve Bank Can – and Can't – Do About Illicit Financial Flows

Will we learn from South Africa’s failed experiment in higher taxes?

Will we learn from South Africa’s failed experiment in higher taxes?
the South African Revenue Service has acknowledged that it has seen a decline in levels of compliance. …So what does all of this mean for tax policy and fiscal policy generally? Simply put, National Treasury have been placed in an invidious position.
Will we learn from South Africa’s failed experiment in higher taxes?

South Africa: SA Won't Save Itself – but the IMF Might

South Africa: SA Won't Save Itself – but the IMF Might
The stock response to revelations that the corruption of the Zuptas now encompasses Treasury and the South African Revenue Service is one of shock, anger and impotent despair. But every cloud has a silver lining. The blows just keep landing. Jacques Pauw’s …
South Africa: SA Won't Save Itself – but the IMF Might

Tencent Africa unveils music streaming app in SA

Tencent Africa unveils music streaming app in SA
Tencent Africa Services is a joint venture initiative between Tencent Mobility in Hong Kong and South African media company Naspers … with major and independent record labels that earn a revenue share based on content usage. “At Universal Music Group …
Tencent Africa unveils music streaming app in SA

Bidvest Bank buys FinGlobal to build financial services offering

Bidvest Bank buys FinGlobal to build financial services offering
Bidvest Group’s banking unit agreed to buy FinGlobal, a provider of financial services to South … effort to take market share from South Africa’s four largest lenders. “We are looking to add and diversify our revenue streams,” Van Niekerk said.
Bidvest Bank buys FinGlobal to build financial services offering

We Should Learn from South Africa's Failed Experiment in Higher Taxes

We Should Learn from South Africa's Failed Experiment in Higher Taxes
the South African Revenue Service has acknowledged that it has seen a decline in levels of compliance. …So what does all of this mean for tax policy and fiscal policy generally? Simply put, National Treasury have been placed in an invidious position.
We Should Learn from South Africa's Failed Experiment in Higher Taxes

What South Africa’s Reserve Bank can – and can’t – do about illicit financial flows

What South Africa’s Reserve Bank can – and can’t – do about illicit financial flows
The legislative framework also creates room for greater cooperation among the three institutions – South African Revenue Service, the South African Reserve Bank and the Financial Intelligence Centre – to connect the dots and pick up patterns regarding …
What South Africa’s Reserve Bank can – and can’t – do about illicit financial flows

South African Defense Market 2017-By Facilitate Decision-Making and Analyzing Market Data on 2022

South African Defense Market 2017-By Facilitate Decision-Making and Analyzing Market Data on 2022
while an average of 80.2% was reserved for revenue expenditure. Furthermore, capital expenditure is expected to remain constant over the forecast period. The South African Defense Force has expensive and advanced military equipment and the country will …
South African Defense Market 2017-By Facilitate Decision-Making and Analyzing Market Data on 2022

Zuma’s scandals are getting South Africans to read again

Zuma’s scandals are getting South Africans to read again
The South African Revenue Service brought more attention to the book with a statement that it would be seeking legal action against the author and the newspaper that published an excerpt of the book over claims that the president was allowed to skip out …
Zuma’s scandals are getting South Africans to read again

Gauteng government able to collect revenue despite sluggish economic growth

Gauteng government able to collect revenue despite sluggish economic growth
In her mid-term budget speech on Thursday, Creecy said the provincial government was able to collect revenue to the value of R5.8 … plan to ensure that National Health Laboratory Services and South African National Blood Services are paid for the …
Gauteng government able to collect revenue despite sluggish economic growth

Large crystal meth drug bust at OR Tambo Airport

Large crystal meth drug bust at OR Tambo Airport
JOHANNESBURG – A consignment of drugs worth R4.5-million was seized at OR Tambo International Airport in Johannesburg, the South African Revenue Services (Sars) said on Wednesday. Sars spokesperson Sandile Memela said a passenger from Lagos, Nigeria …
Large crystal meth drug bust at OR Tambo Airport

South Africa: Crystal Meth Worth R4.5m Intercepted At Joburg Airport

South Africa: Crystal Meth Worth R4.5m Intercepted At Joburg Airport
A customs official on Tuesday intercepted 15.1kg of crystal meth, worth an estimated R4.5m, the South African Revenue Services said on Wednesday. SARS spokesperson Sandile Memela said the drugs were intercepted from a Nigerian passenger, who arrived at OR …
South Africa: Crystal Meth Worth R4.5m Intercepted At Joburg Airport

‘Sars using procedural tactics to collect additional revenue’

‘Sars using procedural tactics to collect additional revenue’
As stakeholders await more information about the commission tasked with the inquiry into tax administration and governance at the South African Revenue Service (Sars), some tax practitioners have reported a marked increase in verification or audits.
‘Sars using procedural tactics to collect additional revenue’

South Africa’s banks are preparing for the worst

South Africa’s banks are preparing for the worst
S&P Global Ratings and Moody’s Investors Service, which are both due to announce their latest reviews on Nov. 24, still rate rand-denominated debt as investment grade. A change in either one of those evaluations could see South Africa removed from some …
South Africa’s banks are preparing for the worst

Vodacom data revenue tops voice for first time

Vodacom data revenue tops voice for first time
Data revenue in South Africa grew by 15% to R11.4bn, contributing 42.6% of service revenue, surpassing the contribution from voice for the first time, Vodacom said. The group reported a 1.1% increase in headline earnings per share to R4.45 in the first …
Vodacom data revenue tops voice for first time

Unemployment biggest culprit in South Africa’s inequality

Unemployment biggest culprit in South Africa’s inequality
“Also, there seems to be very little evidence in the QLFS data that minimum and typical wages have increased while a host of other data such as Andrew Levy wage settlements and South African Revenue Service tax data show a very different trend.
Unemployment biggest culprit in South Africa’s inequality

2 reasons Vodacom's earnings dropped in South Africa

2 reasons Vodacom's earnings dropped in South Africa
Service revenue declined by 4.8% to R8.3bn. “Additional spectrum will allow us to invest more efficiently and accelerate our rural coverage programme”. “As leading mobile network provider in South Africa, with the best 3G and 4G networks, it was crucial …
2 reasons Vodacom's earnings dropped in South Africa

South Africa's Vodacom half-year earnings inch up 1 percent

South Africa's Vodacom half-year earnings inch up 1 percent
The South African operations posted revenue growth of 7.7% on the back of stronger device sales, with service revenue rising 4.7% to R26.7-billion. The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in …
South Africa's Vodacom half-year earnings inch up 1 percent

Vodacom revenue lifted by strong growth in South Africa

Vodacom revenue lifted by strong growth in South Africa
JOHANNESBURG (Reuters) – South Africa’s Vodacom Group (J:VODJ) reported a 2 percent increase in first-half service revenue on Monday, lifted by rising demand for data services in its home market. Vodacom, majority owned by Britain’s Vodafone (L:VOD), has …
Vodacom revenue lifted by strong growth in South Africa

Vodacom South Africa service revenue up 7.7% to ZAR 33.9 bln in H1

Vodacom South Africa service revenue up 7.7% to ZAR 33.9 bln in H1
Vodacom South Africa’s revenue increased by 7.7 percent to ZAR 33.9 billion in the first six months to 30 September, boosted by equipment revenue growth of 18.4 percent, reflecting the improved exchange rate to the US dollar that assisted its strategy of …
Vodacom South Africa service revenue up 7.7% to ZAR 33.9 bln in H1

Simply Ridiculous: Taxpayer left furious as SARS go after 49c debt

Simply Ridiculous: Taxpayer left furious as SARS go after 49c debt
Say what you want about the South African Revenue Service (SARS), but in this case, they showed nothing but PURE determination and attention to detail. On Sunday, a story broke that one confused local taxpayer has been knocked by the taxman for owing 49c.
Simply Ridiculous: Taxpayer left furious as SARS go after 49c debt

Africa: Investigation – Europe in Africa: the Price of Partnerships

Africa: Investigation – Europe in Africa: the Price of Partnerships
The West African is one of the remaining men in Ghetto Ghana, a hidden community of Ghanaian tomato pickers on the outskirts of Cerignola town in South-east Italy … the United States’ Foreign Agricultural Service estimates that this year, imports …
Africa: Investigation – Europe in Africa: the Price of Partnerships

South Africa’s Failing Experiment with Higher Taxes

South Africa’s Failing Experiment with Higher Taxes
the South African Revenue Service has acknowledged that it has seen a decline in levels of compliance. …So what does all of this mean for tax policy and fiscal policy generally? Simply put, National Treasury have been placed in an invidious position.
South Africa’s Failing Experiment with Higher Taxes

Zuma has destroyed law enforcement in South Africa: Pauw

Zuma has destroyed law enforcement in South Africa: Pauw
If I have not published the substance they don’t want published, they would not charge me. The same goes for SARS (the South African Revenue Services) ,which is saying I contravened the Tax Administration Act, by publishing taxpayers information.
Zuma has destroyed law enforcement in South Africa: Pauw

Pension Funding in South Africa 2017

Pension Funding in South Africa 2017
Read the full report: https://www.reportlinker.com/p03343852 A Well-Regulated Sector: A key stakeholder in the pension funding sector is Government which, through National Treasury, the South African Revenue Service (SARS) and the South African Reserve …
Pension Funding in South Africa 2017

South Africa: Two Books That Tell the Unsettling Tale of South Africa's Descent

South Africa: Two Books That Tell the Unsettling Tale of South Africa's Descent
Once he has worked through the tax collector, the South African Revenue Service, the National Prosecuting Authority, and the police, one is left gasping for air at the scale and depth of the destruction. I don’t think it is necessary to weigh up the …
South Africa: Two Books That Tell the Unsettling Tale of South Africa's Descent

Is South Africa's Income Tax Inquiry Just a Distraction?

Is South Africa's Income Tax Inquiry Just a Distraction?
Minister Malusi Gigaba’s call for an urgent judicial enquiry into the woeful performance and governance issues at the South African Revenue Service is likened to a juggling act sideshow outside the main circus tent, writes Wayne Duvenhage in Daily Maverick.
Is South Africa's Income Tax Inquiry Just a Distraction?

South Africa: Time for a Comprehensive Spending Review

South Africa: Time for a Comprehensive Spending Review
The budget blowout was caused principally by a R10 billion bailout of zombie state-owned enterprise, South African Airways … 13.7 cents of every rand collected in revenue; and – we will spend more this year on debt service costs (R163.3 billion) than …
South Africa: Time for a Comprehensive Spending Review

Gordhan says new South African Revenue Service probe may be case of obfuscation

Gordhan says new South African Revenue Service probe may be case of obfuscation
Former finance minister Pravin Gordhan on Tuesday said the inquiry into tax collection and governance at the South African Revenue Service (Sars) announced by his successor Malusi Gigaba risked obfuscating rather than resolving problems at the entity.
Gordhan says new South African Revenue Service probe may be case of obfuscation

Two books that tell the unsettling tale of South Africa's descent

Two books that tell the unsettling tale of South Africa's descent
Once he has worked through the tax collector, the South African Revenue Service, the National Prosecuting Authority, and the police, one is left gasping for air at the scale and depth of the destruction. I don’t think it is necessary to weigh up the …
Two books that tell the unsettling tale of South Africa's descent

S.Africa to investigate tax service after Zuma gives go-ahead

S.Africa to investigate tax service after Zuma gives go-ahead
South Africa will launch an inquiry into weak tax collection by the revenue service after receiving the approval of President Jacob Zuma, Finance Minister Malusi Gigaba said on Tuesday. Gigaba shocked financial markets last month by flagging wider deficits …
S.Africa to investigate tax service after Zuma gives go-ahead

Gordhan says new South African Revenue Service probe may be case of obfuscationv

Gordhan says new South African Revenue Service probe may be case of obfuscationv
Former finance minister Pravin Gordhan on Tuesday said the inquiry into tax collection and governance at the South African Revenue Service (Sars) announced by his successor Malusi Gigaba risked obfuscating rather than resolving problems at the entity.
Gordhan says new South African Revenue Service probe may be case of obfuscationv

Two books that tell the unsettling tale of South Africa’s descent

Two books that tell the unsettling tale of South Africa’s descent
Once he has worked through the tax collector, the South African Revenue Service, the National Prosecuting Authority, and the police, one is left gasping for air at the scale and depth of the destruction. I don’t think it is necessary to weigh up the …
Two books that tell the unsettling tale of South Africa’s descent

Probe into under-collection of tax revenue approved

Probe into under-collection of tax revenue approved
Finance minister Malusi Gigaba has received President Jacob Zuma’s stamp of approval for an inquiry into tax administration and governance at the South African Revenue Service (Sars). According to the Medium-Term Budget Policy Statement (MTBPS), tax …
Probe into under-collection of tax revenue approved

S.Africa to launch inquiry into tax service following huge shortfall

S.Africa to launch inquiry into tax service following huge shortfall
… Malusi Gigaga confirmed on Tuesday that a Commission of Inquiry will be established soon to look into the South African Revenue Service (SARS) following a shortfall of billions of rand in tax revenue. Gigaba said President Jacob Zuma has acceded to …
S.Africa to launch inquiry into tax service following huge shortfall

South Africa to probe revenue service over low tax receipts

South Africa to probe revenue service over low tax receipts
JOHANNESBURG: South Africa’s Finance Minister Malusi Gigaba said on Tuesday the revenue service will be investigated due to low tax collection, after President Jacob Zuma approved his request for an inquiry. In a budget speech last month, Gigaba shocked …
South Africa to probe revenue service over low tax receipts