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SARS to act firmly against non-compliant taxpayers, traders

The South African Revenue Service (SARS) has warned non-compliant taxpayers and traders that it will act firmly and professionally with them. SARS Commissioner Edward Kieswetter has highlighted enforcement actions across various industries. The offences, include VAT fraud amounting to R5 billion, understatement in income tax declarations amounting to another R4 billion, as[…]

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Eskom power cut to PRASA leaves thousands stranded in WCape

As if the province’s transport woes can’t any worse, the entire Western Cape rail network is temporarily suspended with immediate effect due to Eskom disconnecting traction supply.  Its believed the Passenger Rail Agency of South Africa (PRASA) owes Eskom millions in unpaid power bills. No trains are operating at present,[…]

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Cosatu vows to push back against proposed wage cuts

Trade union federation Cosatu has labelled the 2020 Budget “provocative”, saying that instead of a clear diagnosis of the problems facing SA, National Treasury attempted to “dump the bill for industrial-scale looting on public servants”. A key item in the Budget was a proposal to cut the state’s wage bill[…]

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Dudu Myeni wraps up her testimony

Former South African Airways (SAA) board chairperson Dudu Myeni says the only reason she stopped the signing of a deal with Emirates Airlines was because she was under the impression that some board members were not yet satisfied with the deal. Myeni has been accused of stopping former acting CEO[…]

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SA bankers criticize proposal for commercial state bank

Representatives of SA’s banking and financial services industry say they are finding it difficult to understand government’s rationale behind establishing a commercial state bank. Delivering the Budget in Cape Town on Wednesday, Finance Minister Tito Mboweni said government would proceed to establish a new state bank whose “architecture will be[…]

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Breakdown of Budget 2020

A proposal to cut the state’s wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. “For the credibility of our fiscal stance, that R160 billion or so needs to be found,” Mboweni told[…]

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Police Ministry fails to appoint IPID head within one year

The Ministry of Police is in contravention of legislation as it will not fill the vacant position of the Executive Head of the Independent Police Investigative Directorate (IPID) within one year of the vacancy arising. Deputy Police Minister Cassel Mathale told the Portfolio Committee on Police on Wednesday that they[…]

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