Finance Trends 2018

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Sars welcomes Presidential tax inquiry

The South African Revenue Service (Sars) has welcomed President Cyril Ramaphosa's announcement of an inquiry into tax administration and governance at the revenue service...

20 Feb 2018

NPC welcomes State Capture Commission

The National Planning Commission, led by its Chairperson Minister Jeff Radebe and Deputy Chairperson Malegapuru Makgoba, has welcomed the establishment of the Commission of Inquiry into State Capture...

14 Feb 2018

Property developers will face cash flow pressure due to VAT on temporary rental of residential units

The curtains have come down on section 18B of the Value-Added Tax Act, No. 89 of 1991 (VAT Act) and the resultant impact may catch a few residential property developers off-guard...

By Chetan Vanmali, Des Kruger and Andile Miya 13 Feb 2018

Sars to hold sugar tax roadshows in March

The South African Revenue Service (Sars) will engage industry stakeholders on the Sugary Beverages Levy...

13 Feb 2018

Tax break for voluntarily retrenched employees

Sait recently made submissions to Sars regarding the tax treatment of amounts received in consequence of voluntary retrenchments. Sait has received clarification that voluntary severance packages qualify as severance benefits...

By Joon Chong, Dhevarsha Ramjettan, Nivaani Moodley a 12 Feb 2018

FICA: Being an accountable institution and following client due diligence

The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. However, the regulations therein not only pertain to transgressors of the Act, but also companies involved in a business relationship with those companies...

By Hondo Swartz 9 Feb 2018

Is VAT on the rise?

With the budget speech coming up, the R50bn question is whether the minister of finance will announce an increase in the VAT rate, and if so, what that increase will be?

8 Feb 2018

SARB imposes administrative sanctions on China Construction Bank

The Reserve Bank has imposed administrative sanctions on the China Construction Bank (CCB) Corporation, Johannesburg branch, for non-compliance with the Financial Intelligence Centre Act...

5 Feb 2018

Date set for beginning of KPMG-Gupta hearings

The Ntsebeza inquiry into the conduct of South African Institute of Chartered Accountants (Saica) members who worked for KPMG SA on Gupta accounts and the South African Revenue Service (Sars) "rogue unit" report will soon start its hearings...

By Genevieve Quintal 1 Feb 2018

Saica inquiry on KPMG members ready to roll

The Ntsebeza Inquiry into the conduct of South African Institute of Chartered Accountants (Saica) members employed by KPMG is expected to start its hearings process on 19 February...

31 Jan 2018

How to save Sars

The performance of Sars and the path it has been taking has been called into question of late, with a number of tax-related bombshells being dropped one after the other in recent months...

By Patricia Williams 29 Jan 2018

Judgment a tax victory for car manufacturers

A recent Supreme Court of Appeal judgment has provided much needed clarity that Productive Asset Allowance certificate amounts granted to automotive manufacturers are capital in nature as their purpose is to incentivise capital investments...

By Joon Chong 26 Jan 2018

Gupta dairy deal in Free State allegedly proceeds of crime

Dramatic disclosures in court papers filed by the NPA place the Guptas at the heart of a conspiracy to "swindle" R220m from the Free State meant for emerging black dairy farmers...

By Stephan Hofstatter 23 Jan 2018

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Hyprop buys two shopping centres in Croatia through co-owned Hystead

Hyprop Investments has continued its offshore push by acquiring an interest in two shopping centres in Croatia.

By Alistair Anderson 2 days ago

"Financial advertising is far from boring": Cullinan SA on their Midas Award wins

While the advertising industry is cluttered with award shows, the Midas Awards that recognise the world's best financial advertising are ones to watch as this form of brand messaging is aimed at gaining the rarest kind of consumer trust imaginable. Here's how SA's own Cullinan agency recently proved its weight in gold.

By Leigh Andrews 15 Feb 2018

Tower Property Fund seeks a rerating

Tower Property Fund could receive a rerating this year and raise capital as the junior property stock looks to stabilise its Croatian portfolio and complete developments in Cape Town.

15 Feb 2018

A South African's guide to moving to and making it in Malta: An economy of fireworks

Although I have lived long enough to be aware of the inevitability of economic cycles, I am always oddly proud whenever I read about Malta's strong economic performance - as if I had something to do with it! After a decade's diet of negative South African poltico-economic views, I'd forgotten that curious feeling of civic optimism, the effervescence of possibility and the Candidean sense of living in the best of all possible worlds that good news cultivates.

By Marcus 'The Maltese Falcon' Brewster 9 Feb 2018

South Africa wins 12 Midas Gold Ingots at Midas Awards!

The Midas Awards for the World's Best Financial Advertising has announced its 2017 winners and South Africa has struck gold with 12 Midas Gold Ingots in the bag.

7 Feb 2018

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