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Tag: Tax

Time for wealthy taxpayers to look offshore?

‘WE owe a lot of people a lot of money.’ That blunt, ominous statement by Finance Minister Tito Mboweni in his 2021 budget speech shows the deep financial hole the South African economy is...

Some truly acrobatic thieves leapt on the gravy train

The notion that profit is theft is popular in some quarters. It’s the insult often hurled at the business community when alleging that the free market is a skewed economic system....

Tax on booze, fuel & cigarettes hiked while income tax stays put

The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to...

Tax hikes you are likely to see next week – and those you won’t

Analysts and economists are detailing their predictions for finance minister Tito Mboweni’s budget speech on 24 February, with a particular focus on taxes. The February budget typically centres around the government’s revenue...

SARS warns of new scam targetting taxpayers

Taxpayers are urged to be extra cautious this festive season, as a new scam has emerged in which fraudsters are exploiting desperate victims for financial gain. In a statement, the South African...

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Global chip drought hits Apple, BMW, Ford as crisis takes turn...

The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple and Samsung Electronics in flagging...

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