JOHANNESBURG, May 16 – The ministerial task team appointed by Cabinet to attend to North West governance issues will on Wednesday give feedback on the troubled province now placed under the control of national government by President Cyril Ramaphosa. Headed by Minister in the Presidency Nkosazana Dlamini-Zuma, the task team said it would meet stakeholders before […]
JOHANNESBURG, April 25 – South African Finance Minister Nhlanhla Nene announced that Stellenbosch University’s Professor Ingrid Woolard will chair the nine-member independent panel of experts that will review the current list of Value-Added Tax (VAT) zero-rated items. Woolard is currently dean of Economic and Management Sciences at Stellenbosch University. The other members are: Ayabonga Cawe, Professor […]
JOHANNESBURG, April 3 – The South African Revenue Service said on Tuesday it had collected R1.2 trillion in the 2017/18 financial year ended March 31, slightly below the estimate announced in the budget in February, but up 6.3 percent from the previous year. “The 2017/18 financial year was characterised by distinct and clearly delineated growth […]
PRETORIA, March 15 – Commissioner of the South African Revenue Services (Sars), Tom Moyane on Wednesday, said he had an amicable working relation with his new boss, Finance Minister Nhlanhla Nene who took over from Malusi Gigaba after a Cabinet reshuffle. “[Regarding] my relationship with the new minister and the deputy minister [Mondli Gungubele], I think the […]
JOHANNESBURG, March 12 – The South African National Civic Organisation (SANCO) has called for action against municipalities that invested their finances with the troubled Limpopo-based VBS Mutual Bank. This follows South African Reserve Bank (Sarb) Governor Lesetja Kganyago’s announcement on Sunday that the bank had been placed under curatorship. VBS is facing a liquidity crisis after […]