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South Africa looking at R30 billion tax hike for 2018

On Monday, President Jacob Zuma directed the Minister of Finance, Malusi Gigaba, to trim down expenses and increase revenue to find a solution to the R40 billion gap identified in the Medium-Term Budget Policy Statement and by ratings agency Standards & Poors ahead of its ratings cut on Friday.

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5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • The latest from the Gupta leaks has revealed that auditing firm KPMG missed many more red flags in its relationship with the Gupta family and their businesses. The leaks showed that KPMG may have turned a blind eye to as much as R500 million in legitimately questionable payments in three separate transactions. One of these was the Guptas’ Oakbay getting paid millions for stakes in worthless, and obvious shell companies.

  • Public protector Busisiwe Mkhwebane has walked back somewhat on her order that Absa should pay back R1.2 billion for apartheid-era looting, saying that her findings only said the money should be paid back, but not necessarily from Absa – at least not exclusively. Absa and SARB are challenging Mkhwebane’s findings, saying that the money has long been repaid.

  • Eskom’s disciplinary action against former acting CEO Matshela Koko hit a sudden end after witnesses declined to testify against him. Koko has been accused of conflict of interest for failing to declare his step-daughter’s links to a company that was awarded a lucrative contract with Eskom. Koko has also been accused of intimidating witnesses in his case.

  • Cyril Ramaphosa has received the majority nomination to be the ANC’s next president from the party’s branches in the Western Cape. Weekend reports painted a neck-on-neck race between Ramaphosa and Dlamini-Zuma in the lead-up to the elective conference next month. Both candidates have published figures declaring themselves victorious of the leadership position.

  • South Africa’s rand was weaker against the dollar on Friday ahead of ratings decisions that could see the country’s debt downgraded to junk and kicked-out of global indices, triggering a massive selloff of local assets. On Monday the rand was at R14.10 to the dollar, R18.78 to the pound and R16.82 to the euro.

 


 

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BusinessTech

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Why now is a good time to buy a home

Herschel Jawitz, the chief executive of Jawitz Properties, said he believed South Africa might have seen the shortest interest rate cutting cycle in South Africa’s history with the announcement that rates are to remain the same.

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Seven Reasons to remind us why South Africa is the most beautiful country in the world

Amidst its challenges it is sometimes easy to forget that South Africa has the prestigious reputation of being the most beautiful country in the world. An article by Buzzfeed said this about South Africa, ‘Unsurpassed wildlife and mountains, whales and waterfalls, architecture and antiquity, the world’s most beautiful city, and the world’s most stunning Spring, plus a host of natural treasures make South Africa “The Most Beautiful Country In The World”, and a must-see traveller’s dream.”  

Even when making an impact through the projects we do and the smiles we get to see we sometimes forget the amazing country that so many tourists experience. A country we sometimes fail to appreciate. In this blog post we take a step back and remember 7 things that make South Africa the most special country in the world.

  1. It is full of beauty, both natural and man-made. Cape Town as a whole encompasses both of these, with the amazing oceans and views as well as the gorgeous architecture and culture.

  2. Our coastal drives are above the rest. Chapman’s Peak and the Garden Route are a sight to behold, one that every South African needs to see at least once in their lifetime.

  3. Our diverse ecosystems and wildlife. Much of our wildlife can be see in our national parks, which protect them and aid in maintaining their ecosystems. Not only is South Africa home to the Big Five and number of endangered animals, such as the African Wild Dog and the Pangolin, but we also have a superb variety of marine life as well. Where else in the world could you view a whale from the shore and an elephant grazing with its herd?

  4. Our diverse floral kingdom. Even though there are number of alien plant species in South Africa, there are also numerous indigenous plant species. Our plant kingdom is diverse and home to incredible flowers, such as the King Protea.

  5. Our unique mountains and what they hold. Our most famous mountain is Table Mountain, named as one of the new 7 wonders of nature, but there’s more. The Drakensberg holds its own beauty, such as the Amphitheatre, and the Swartberg displays technicoloured sandstone cliffs and houses the Kango Caves, one of the most astonishing cave systems in the world. Our country is full of history and a lot of it has come from the earth, where we have found fossils and minerals that expand our knowledge.

  6. We are one of the world’s most colourful countries. Our flag and our people are not only the only reason we should be called “The Rainbow Nation”. In Spring, there are thousands of different types of flowers that bloom, transforming  the harshest environments, such as Namaqualand into beautiful, natural gardens.

  7. Our sunsets are truly spectacular. No matter where you are in South Africa, our skies share the same beautiful hues and colours of sunset, reminding us that we are in Africa and that our country is beautiful.

With all of this being said, each person sees South Africa differently but we all call it home. So what do you find beautiful about our country?


 

Source

Different.org

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