Business In The News South Africa

Sars’ deadline looms for taxpayers to declare foreign assets and income

JOHANNESBURG, August 29 – The South African Revenue Services (Sars) on Tuesday dispelled rumours that there was an extension to the Special Voluntary Disclosure Programme (SVDP), saying that the closing date is imminent The SVDP is a once-off opportunity to disclose off-shore assets and income by taxpayers with undeclared foreign assets or income with the benefit […]

Business In The News South Africa

Spending on new finance management system frozen – DG Mogajane

PARLIAMENT, August 29 – Director General of Finance Dondo Mogajane on Tuesday, said he halted all payments in relation to the Internal Finance Management System earlier this month in response to dozens of adverse internal audit findings on the process. Mogajane also told Parliament’s watchdog Standing Committee on Public Accounts (Scopa) that he had ordered […]

Business In The News South Africa

Zwane welcomes clean audit opinion from AG

JOHANNESBURG, August 29 – Mineral Resources Minister Mosebenzi Zwane on Monday welcomed the Auditor-General’s clean audit opinion for the department and three of its entities for the 2016/17 financial year. This comes after Zwane met with the Auditor-General Kimi Makwetu about the department’s performance in the previous financial year. Zwane said the office of the Auditor-General acknowledged […]

Business In The News International

Interview: Brazil to seek convergence on economic issues within BRICS, says president

At the 9th BRICS Summit scheduled for September 3-5 in southeast China’s Xiamen City, Brazil will seek real convergence among the bloc members on economic and financial issues and common challenges, Brazilian President Michel Temer has said.   Accompanied by a large delegation of senior officials, Temer will start his China trip on Tuesday, including […]

Business In The News South Africa

Gordhan an embarrassment with no conscience – Duduzane Zuma

Ogopoleng Mushi   President Jacob Zuma’s son, Duduzane, has lashed out at former finance minister Pravin Gordhan, calling him an embarrassment with no conscience and that South Africans can see through him.   In a hard-hitting open letter, Zuma reminds Gordhan of his failures as Finance Minister, highlighting a host of corruption scandals that appear […]

Business In The News South Africa

#HarmonyGold: Mineral resources committee “deeply worried” about mines health and safety

JOHANNESBURG, August 29 – The portfolio committee on mineral resources said on Monday that it was “deeply worried” about the sporadic seismic events that continue to claim lives in the mining sector, calling for a thorough investigation of the recent accident at a Harmony Gold mine. This comes after three out of five mineworkers trapped underground were […]

Business Lead South Africa

Department of trade and industry to launch R50million black industrialist firm in Gauteng

JOHANNESBURG, August 28 – The Department of Trade and Industry (the dti) said on Monday that it will this week launch a R50 million black industrialist pet-food manufacturing firm in Gauteng. Maneli Foods in Edenvale, east of Johannesburg, was approved for grant funding of R12.5 million from the department’s Black Industrialist Scheme (BIS). The BIS […]