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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...

By Linda Ensor and Natasha Marian 23 hours ago

SA and region face debt struggle, warns Moody's
SA and region face debt struggle, warns Moody's

SA and its neighbours in sub-Saharan Africa might struggle to borrow just as most of the region's international debt matured in the next decade...

1 day ago

Khezi Tiya, head, oil and gas South Africa, for Standard Bank.
Oil and gas are potential game-changers for economic growth

With the MPRDA and the IER plan rumbling along, South Africa is set to leverage its largely unexplored and underdeveloped oil and gas sector to reignite economic growth

1 day ago

National Assembly approves sugar tax
National Assembly approves sugar tax

The bill providing for the implementation of a tax on sugary beverages - the health promotion levy - was passed by the National Assembly on Tuesday...

1 day ago

Morocco regulator bans bitcoin payments
Morocco regulator bans bitcoin payments

Morocco's currency regulator has announced a ban on transactions in bitcoin and other virtual currencies, in a country where foreign exchange flows are tightly controlled...

1 day ago

Dube Tshidi, FSB executive officer. Photo: Bastion Graphics
Twin Peaks: Much more than meets the eye

The passing of the Financial Sector Regulation Act (FSRA), which introduces the Twin Peaks regulatory system, is a major milestone for the FSB...

By Dube Tshidi 2 days ago

Judge Ron McLaren, Judge ombudsman for long-term insurance
Ombud: Cultural nuances play a role in insurance disputes

Given South Africa's melting pot of cultures, insurance companies need to take nuances, particularly with language, into account when considering a disputed insurance pay outs...

2 days ago

Noor Kapdi, Africa chief executive officer & South Africa managing partner at Dentons law firm
Energy + investment = economic growth

Despite all the talk about nuclear builds, renewables and fracking, the local energy sector will remain static until regulatory and political stability return...

2 days ago

Suzane Stevens, executive director of marketing at BrightRock.
Lessons for SA's 650,000 entrepreneurial businesses from BrightRock

Entrepreneurial inspiration from Suzanne Stevens, one of four founders and currently executive director of marketing at BrightRock since 2011, chosen for the Ernst & Young Entrepreneurial Winning Women programme in 2013...

By Leigh Andrews 3 days ago

Bongani Coka, CE of Saipa. Photo: The Legacy Project
It's a matter of trust

While a good reputation takes time to build, but can be destroyed overnight. This is particularly true of the accountancy and audit profession...

By Bongani Coka 3 days ago

Mediclinic calls quits on Spire takeover
Mediclinic calls quits on Spire takeover

Mediclinic International on Monday morning halted its takeover bid for its London-listed associate Spire Healthcare...

By Robert Laing 3 days ago

BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy
BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy

On his visit to South Africa for the MMA (Mobile Marketing Association) Forum in Johannesburg on 2 November and Mobile Monday in Cape Town on 6 November, Adam Pattison, vice president, Americas & EMEA at BBM Messenger, shared insights into chat or dark social and how this is shaping the mobile economy...

By Jessica Tennant 3 days ago

Why hedges fund asset growth is declining
Why hedges fund asset growth is declining

While more than 90% of industry assets have successfully transitioned into the regulated space, hedge fund industry assets under management (AUM) decreased by 9.1% year-on-year.

20 Nov 2017

#Newsmaker: Justine Cullinan wins Veuve Clicquot Elle Boss Corporate Award
#Newsmaker: Justine Cullinan wins Veuve Clicquot Elle Boss Corporate Award

5FM's station manager Justine Cullinan won the Corporate Award at the Veuve Clicquot Elle Boss Awards on Thursday, 9 November. It was just her and overall winner Amanda Dambuza, founder and director of consulting company Uyandiswa, who took home awards on the night...

By Jessica Tennant 17 Nov 2017

Saica signs climate-related risk agreement
Saica signs climate-related risk agreement

Saica has affirmed its commitment to sustainability reporting by signing a statement of support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

17 Nov 2017

Photo: Transnet
Corruption watchdog finds more than 20 banks handled money for Gupta companies in Transnet deal

More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting Project (OCCRP) found...

17 Nov 2017

Nhlamulo Dlomu, CEO KPMG
No sign of probe KPMG promised

KPMG is scrambling to justify why there is no progress on setting up an independent investigation into work it did for the controversial Gupta family...

16 Nov 2017

Strengthening of trade, investment ties at Africa ASEAN Business Expo
Strengthening of trade, investment ties at Africa ASEAN Business Expo

A delegation from South Africa's Black Business Council recently held talks in Johannesburg with business leaders from Singapore and Malaysia on potential investment...

16 Nov 2017

Ruling on special tax provision spells good news for franchise operators
Ruling on special tax provision spells good news for franchise operators

In a recent landmark case, the Tax Court upheld that a very special, and mostly under-utilised tax deduction allowed by section 24C of the Income Tax Act, No. 58 of 1962, may be applied to franchisee costs...

By Natasha Wilkinson 16 Nov 2017

Mastercard-Spazapp collaboration brings cashless payments to informal retailers
Mastercard-Spazapp collaboration brings cashless payments to informal retailers

Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure and convenient mobile payments to thousands of informal traders...

15 Nov 2017

Proposed mining financial provisioning regs will overhaul the NEMA
Proposed mining financial provisioning regs will overhaul the NEMA

The Proposed Regulations Pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations were published for comment last week.

By Garyn Rapson and Kirsty Kilner 15 Nov 2017

Clement Chinaka, MD of Old Mutual Corporate
The downside of the digital era: Poor lifestyle and stress induced diseases

The so-called fourth industrial has reshaped the way we work and live, but the digital era is also taking a toll on our health...

15 Nov 2017

Oil and gas tax needs tweaks, not overhaul, says Davis Tax Committee
Oil and gas tax needs tweaks, not overhaul, says Davis Tax Committee

No major changes to the existing fiscal regime for the oil and gas industry have been proposed by the Davis Tax Committee...

By Linda Ensor 15 Nov 2017

Health minister, Aaron Motsoaledi
NHI could mean uncomfortable trade-offs, Davis Tax Committee warns

The government's current proposals for National Health Insurance (NHI) are unlikely to be sustainable unless there is sustained economic growth...

By Tamar Kahn 15 Nov 2017

Michael Sachs. Photo: BusinessLive
Fears Sachs's resignation could spark exodus of Treasury officials

FEARS are rising that National Treasury deputy director-general Michael Sachs' resignation will prompt other respected officials to quit...

15 Nov 2017

Bitcoin - silver bullet or big bubble?
Bitcoin - silver bullet or big bubble?

Before I say anything else, let me first say this: I do not know where the price of Bitcoin is going...

By Jacques Plaut 14 Nov 2017

Judge Dennis Davis
Davis commission calls for mining sector's upfront capex tax to be scrapped

The Davis Tax Committee has recommended that the special tax regime for the mining sector be abolished...

By Linda Ensor 14 Nov 2017

Pan African Re/Insurance Journalism Awards 2018 launches
Pan African Re/Insurance Journalism Awards 2018 launches

Continental Reinsurance invites entries for its third Pan African Re/Insurance Journalism Awards 2018...

14 Nov 2017

Green finance? Why global banks are pledging billions to fight climate change
Green finance? Why global banks are pledging billions to fight climate change

Banking giant HSBC has pledged $100bn (£76bn) to "fight climate change", to be spent on sustainable finance and investment over the next eight years...

By Simon Wilde 14 Nov 2017

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