Lead South Africa

I’ve cordial working relations with finance minister – Sars boss

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 […]

Business In The News South Africa

SA civic organisation calls for action against municipalities over VBS Bank investments

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 […]