In The News South Africa

Parliament may approach courts on Revenue Service executive’s tax probe

PARLIAMENT, December 6 – Parliament’s standing committee on finance may approach a high court to see whether it could compel South African Revenue Services (Sars) commissioner Tom Moyane to answer questions about an investigation into the tax affairs of one of its senior executives, it emerged on Tuesday. “Instead of going around in circles, can […]

Business In The News South Africa

Moyane sets the record straight on Makwakwa’s reappointment at Sars

JOHANNESBURG, November 28 – South African Revenue Services (Sars) Commissioner Tom Moyane on Monday, set the record straight and addressed the “blatant misrepresentation of facts” regarding Jonas Makwakwa’s reappointment as chief officer for business and individual taxes. “Sars finds it necessary to address the unsubstantiated tone and the blatant misrepresentation of facts. In fact, this […]

In The News South Africa

SA authorities seize crystal meth worth R4.5mln at OR Tambo airport

JOHANNESBURG, November 15 – A consignment of drugs worth R4.5 million has been seized at OR Tambo International Airport in Johannesburg, the South African Revenue Services (Sars) said on Wednesday. Sars spokesman Sandile Memela said a passenger from Lagos, Nigeria, carrying 15.1kg of crystal/ephedrine was intercepted by Sars Customs officials upon arriving from Ethiopia on […]

Business In The News South Africa

Sars bust R6.2mln of undeclared currency destined for Dubai

JOHANNESBURG– A passenger en  route to Dubai was arrested at Durban’s King Shaka International Airport when customs officials uncovered undeclared currency worth R6.2 million, the South African Revenue Services (Sars) said on Friday. Sars said the passenger was departing to Dubai when its detector dog unit conducted a baggage search, and one of the detector dogs […]

Business In The News South Africa

SA Revenue Services denies Commissioner Moyane helped Zuma avoid paying tax

JOHANNESBURG, November 3 – The South African Revenue Services (Sars) on Friday denied that its Commissioner, Tom Moyane, was aiding President Zuma to avoid his tax obligations. This comes after last weekend’s Sunday Times’ lead story, “Gangster republic: inside the Zuma family’s dealings with the criminal underworld”, which was an extract from a book by investigative journalist and […]

Business In The News South Africa

Patrice Motsepe’s ARM cut ties with KPMG

JOHANNESBURG, October 24 – African Rainbow Minerals (ARM) on Monday, announced a decision to terminate its relationship with embattled auditing firm KPMG, citing governance and ethics compliance following “careful consideration”. “ARM has noted with concern the questions raised about KPMG’s governance and ethics compliance as well as allegations regarding the lawfulness of KPMG’s conduct,” ARM […]