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).
Lesedi Seforo 22 minutes ago
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.
Mark Morgan and Gigi Nyanin 16 hours ago
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.
UnionPay International 20 hours ago
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
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.
Narassa Govender 1 day ago
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.
Cathy Lammas 1 day ago
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.
Hilary Joffe 22 Jul 2016
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.
UnionPay International 21 Jul 2016
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
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
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
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.
Ané Theron 20 Jul 2016