In The News South Africa

Katlego Marite’s kidnappers demand ransom in bitcoin to free him – Police

Solly Makganoto Johannesburg-  A criminal gang in Mpumalanga who kidnapped a teenage boy on Sunday are demanding a ransom in bitcoin cryptocurrency of nearly 1.5 million rands police said. Police spokesperson Leonard Hlathi said, Katlego Marite, 13, was dragged into a car while playing with two friends near his home in Frangipani Street in Tasbetpark […]

Business In The News South Africa

Normal tax rules apply to cryptocurrencies – SARS

JOHANNESBURG, April 10  – 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, Moneyweb reported. “The growing popularity of cryptocurrencies such as bitcoin and ethereum and the rollercoaster ride […]