In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March
Financial crime governance should be happening in the boardroom and the legal and financial fallout from the lack of enforcement is becoming increasingly serious
Meetings are due in coming days and weeks to undo the damage after the finance minister caved on the tax increase
The finance ministry in a midnight announcement said the decision was informed by consultations with political parties
And R447.7 billion was returned to taxpayers, says South African Revenue Service commissioner Edward Kieswetter
Freedom to express fundamental rights versus administrative action by the South African Revenue Service exposes a fundamental link to communal interests and justice in a constitutional democracy
The minister conceded that the measure did not have support across the political spectrum
Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
And the South African Revenue Service will benefit from higher levels of compliance by taxpayers
Tax bracket over-inflation has led to income inequality and less money for essential services
Half of the participants in the Taxing Times survey still find compliance with tax obligations difficult
About a million retirement fund members have withdrawn money from their savings
Ramaphosa told mourners: ‘We will not let Pravin down’
The adjustments will affect consumers and the South African fashion industry
The Special Investigation Unit also has its sight on former finance deputy minister Sfiso Buthelezi, whose company allegedly received R110 million fraudulently
Not everyone liked the late former public enterprises minister, but everyone respected him
Gordhan’s last political act was to call for a ‘reset’ and a return to progressive politics
Gordhan passed away after what his family said was a short battle with cancer
The South African clothing industry bemoans injustice as the Reserve Bank loses R3.5 billion as a result of lower duties on imported products
Taxpayers who owe money to the revenue service must expect that these debts could be settled from the withdrawals, leading to a lower payout
Naude, who was investigating a case involving R37 million in unpaid taxes by a prominent businesswoman, survived a shooting in Umhlanga on Thursday
Traders who familiarise themselves with the rules and ensure tax conformity may enter the crypto world with confidence
Local clothing manufacturers have been dealt a number of blows in recent years, including the rise of international fast fashion retailers
The ATM’s argument that she skirted this and other issues in the scandal had no merit, Gcaleka’s office has argued in court papers
State capture is often cited as the the reason for the department’s ongoing failures, but its problems run far deeper
The journey to full-blown austerity is marked by changes to an economy presided over by a government adrift
The revenue service said the syndicates significantly contribute to the energy crisis and load-shedding
Business Unity South Africa’s chief executive has accused the organisation’s president of throwing the lobby under the bus in a meeting with the president
The suspended public protector suggested she would take the impeachment committee to court if it continued, despite her not having state funding
The son allegedly declared zero income in 2021 despite raking in R29 million in state contracts
DA gets confirmation from Sars that ‘dirty dollars’ hidden inside couch on the president’s Phala Phala farm were not declared to tax agency
The increasing levels of load-shedding harms economic growth and the government’s ability to address the country’s pressing social needs