SARS uses debt collector companies to fill tax coffers
SARS uses debt collector companies to fill tax coffers

Strange as it may seem, some people have been receiving phone calls from private debt collecting companies urging them to pay their taxes. It might look like a hoax, until the person on the other side of the line mentions your tax number, which particular tax returns are due, and even how much tax is owed to the South African Revenue Service (SARS).

By Lesedi Seforo 22 minutes ago

Increase in thresholds for exemption of employer-provided bursaries
Increase in thresholds for exemption of employer-provided bursaries

On 8 July 2016, the National Treasury released the draft Taxation Laws Amendment Bill 2016 (TLAB). The TLAB aims to give effect to the various tax proposals announced in the 2016 National Budget.

By Mark Morgan and Gigi Nyanin 16 hours ago

Nedbank signs deal to acquire UnionPay cards in South Africa
Nedbank signs deal to acquire UnionPay cards in South Africa

UnionPay International is proud to announce the conclusion of an agreement with Nedbank for the acceptance of UnionPay cards on Nedbank-operated ATMs and point-of-sale (POS) terminals. This paves the way for acceptance of e-commerce and contactless transactions.

Issued by UnionPay International 20 hours ago

How the proposed carbon tax law (and offsets) will work
How the proposed carbon tax law (and offsets) will work

In November 2015, the draft Carbon Tax Bill was published by National Treasury, setting out the framework within which carbon tax would be levied on greenhouse gas emissions (GHG).

20 hours ago

The necessity of startups
The necessity of startups

As you may know from repeated media coverage, South Africa is miserable. Indeed, the misery index - compiled by Steve H Hank, a professor at John Hopkins University - was created to determine the level of misery of a nation by taking the sum of a country's unemployment, inflation and bank lending rates, and subtracting the percentage change in GDP per capita to get an index value.

By Narassa Govender 1 day ago

The state of savings in South Africa
The state of savings in South Africa

In 1994, with much fanfare and great excitement, South Africa held its first truly democratic elections. The affectionately named "Rainbow Nation" was born. With that, the last remaining international sanctions were lifted and the future seemed rosy. With political liberation, came financial liberation and millions of people previously marginalised, suddenly had almost unlimited access to finance in the formal sector.

By Cathy Lammas 1 day ago

Treasury simplifies tax amnesty draft
Treasury simplifies tax amnesty draft

The Treasury has made significant changes to draft legislation on the new tax amnesty on offshore assets that takes effect later in 2016 in a bid to make it simpler for taxpayers to come clean on any foreign income and assets they have not declared to the taxman.

By Hilary Joffe 22 Jul 2016

Insurance could balance the legal scales
Insurance could balance the legal scales

There is a famous saying taught to lawyers: if you have the law, hammer the law. If you have the facts, hammer the facts. If you have neither the law nor the facts, hammer the table.

By Sharon Snell 22 Jul 2016

UnionPay International signs strategic memorandum of understanding with GIM-UEMOA
UnionPay International signs strategic memorandum of understanding with GIM-UEMOA

A strategic memorandum of understanding was signed at Dakar, Senegal, on 14 July 2016 between UnionPay International and GIM-UEMOA, to establish an understanding to build a partnership between the parties whereby GIM-UEMOA becomes an UPI acquirer and processing service provider to financial institutions in the West African Economic and Monetary Union, UEMOA zone.

Issued by UnionPay International 21 Jul 2016

Liezl Myburgh
SCI launches retail and qualified investor hedge funds

Sanlam Collective Investments (SCI) has received approval from the Financial Services Board to offer both retail investor hedge funds (RHFs) and qualified investor hedge funds (QIHFs).

21 Jul 2016

Professor André Roux
SA's economy not all doom and gloom

While 2016 might turn out to be the most difficult year for South African consumers in two decades, next year may bring "moderate improvement" to the economy - although nowhere near the elusive 6% growth target.

20 Jul 2016

Old Mutual predicts no further rate hikes this cycle
Old Mutual predicts no further rate hikes this cycle

The rand has firmed, the oil price is broadly flat and grain prices are levelling off, so the South African Reserve Bank (SARB) is unlikely to raise interest rates again this cycle.

20 Jul 2016

Self-driving cars and insurance - Gigantic losses or innovation opportunity?
Self-driving cars and insurance - Gigantic losses or innovation opportunity?

Imagine a world where you can summon your car via an app on your phone, to pick you up from outside the bistro where you have been having dinner and drinking a bottle of wine. Driverless cars will soon be de rigeur, preventing fender-benders, but most importantly, tragic accidents.

By Ané Theron 20 Jul 2016