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SA tax laws threaten international film revenue

  • Published in News

The recent changes made to South Africa’s tax incentive scheme, along with other proposed regulations, may cause the country’s film industry to become stunted. This comes after the Motion Picture Association of America (MPAA) raised concerns about these regulatory changes. International publication Variety states the new guidelines stipulate that productions failing to meet specific benchmarks for supporting black-owned businesses may not receive cash rebates.

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New programme will allow South Africans to complete a BCom in 2 years

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The Pearson Institute of Higher Education (PIHE) has announced the launch of its newly structured, fast-tracked Bachelor of Commerce (BCom) and Bachelor of Business Administration (BBA) Programmes for 2019. The fast-tracked courses mean that it is possible to complete a degree in two years –  the first programme of its kind in higher education in South Africa, said Pearson.

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Ramaphosa’s game-changing moment?

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South Africa’s own economic revolution may be in motion. To some observers, South Africa’s recent investment summit led by president Cyril Ramaphosa seemed like much ado about nothing. Several of the projects announced had been incorporated into companies’ plans for some time and with the summit having had a showbiz style about it, it’s tempting to see the event as little more than smoke and mirrors.

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Petrol price decreases further

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Motorists may breathe a sigh of relief as the expected petrol price for November is predicted t0 drop by 16 cents instead of the previously predicted three-cent drop, but diesel and paraffin prices may increase.

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Mass retrenchments at the SABC

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The SABC is set to retrench almost a third of its workforce. The public broadcaster set out restructuring plans on Monday evening in which it said as many as 981 of its approximately 3 400 permanent employees may be let go.

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