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Sars clarifies its stance on bitcoin

Taxpayers have to declare cryptocurrency gains or losses as part of their taxable income. The South African Revenue Service (Sars) will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their taxable income. The growing[…]

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ANC NEC to visit Winnie’s home

The African National Congress’ (ANC) entire National Executive Committee (NEC) will on Thursday visit late struggle icon Winnie Madikizela-Mandela’s home in Soweto to pay their respects. Madikizela-Mandela passed away on Monday at Milpark Hospital in Johannesburg. She was 81-years-old. Scores of dignitaries and prominent personalities on Wednesday visited the home[…]

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Tutu hails Madikizela-Mandela for her courage

Archbishop Emeritus Desmond Tutu and his wife Leah have sent their condolences to Winnie Madikizela-Mandela‘s family following news of her passing. Madikizela-Mandela died in Johannesburg on Monday at the age of 81. In a statement, Tutu has wished her a peaceful rest. He says for many years Madikizela-Mandela was a[…]

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Parliament’s executive managers get millions in back pay

Parliament’s executive managers have received more than R2-million in salary increases backdated to April last year – raising the ire of staff who say their bosses had previously agreed to forfeit such hikes because there was no money. Last week 18 of parliament’s division managers, who earn between R1.5-million and[…]

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Ramaphosa congratulates Botswana’s new president

President Cyril Ramaphosa has, on behalf of the government and people of South Africa, congratulated the President of the Republic of Botswana, Mokgweetsi  Masisi on his Inauguration. President Masisi takes over from President Ian Khama who has stepped down after serving his constitutionally mandated two terms. President Ramaphosa says the[…]

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VAT hike a disaster for low-income working class: Cosatu

Cosatu spokesperson, Sizwe Pamla says the VAT hike spells disaster for workers, who will now struggle to clothe and feed their families and send their children to school. The implementation of the VAT increase will be a disaster for the low-income working class already living on a hand-to-mouth basis. The[…]

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Motorists urged to be vigilant over Easter

Traffic and law enforcement agencies will double efforts to curb fatalities on the roads over the Easter holiday. The volume of cars on the roads is expected to increase over the long weekend.  Transport Minister Blade Nzimande has issued a stern warning to motorists that officials will be out in full[…]

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