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The Nordic model holds some insight into how to close South Africa’s yawning income and wealth gap. Photographer: Tomi Setala/Bloomberg via Getty Images

From Helsinki to Joburg: Lessons in equality

The Nordic model holds some insight into how to close South Africa’s yawning income and wealth gap

OECD: How South Africa can afford the R350 grant permanently

In its economic survey, the OECD recommends increasing VAT or broadening the base of corporate and personal income taxes to pay for the grant

Charges in sub-Saharan Africa average 12% on transfers of $200

New migration policy could cut remittances lifeline

Migrant workers are seen as contributing to South Africa’s unemployment crisis. But cutting them off threatens to throw the regional economy off kilter

UK eyes up Covid-19 vaccine donations to slash £140m of foreign aid

The UK is set to count its excess Covid-19 vaccines as part of its aid budget, taking money away from other projects

Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab is seen at the opening of the WEF Davos Agenda virtual sessions at the WEF’s headquarters in Cologny near Geneva on January 17, 2022. – Chinese President Xi Jinping warned that confrontation between major powers could have “catastrophic consequences” in a speech to world leaders at an all-virtual Davos forum. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)

World Economic Forum: ‘2022 will be like navigating an obstacle course’

Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump

(Graphic: John McCann/M&G)

Khaya Sithole: What’s the state’s role in business?

State participation is valid when the market can’t deliver what’s needed, such as roads and rail networks and telecommunications. But banks and airlines are private enterprise…

Minister of Basic Education Angie Motshekga. (Delwyn Verasamy/M&G)

A search for the meaning behind Motshekga’s words

COMMENT The National Education Collaboration Trust (NECT) recently hosted a seminar under the theme, Curriculum in a fast-changing world: addressing short-term urgencies, laying…

A mine employee measures the temperature of a mineworker, enroute to his evening shift at the Sibanye-Stillwater platinum mine, before letting him board a company bus at the Wonderkop taxi rank in Marikana, near Rustenburg. (Photo by Michele Spatari/AFP)

OECD urges SA to reform to recover from pandemic effects

The OECD predicts a 7.5% contraction in South Africa’s GDP, with an 8.2% contraction if a second wave of Covid-19 is not avoided

Majorie Jobson, a commissioner, at Khulumani support group, holds case files for victims of Apartheid in their offices on April 13, 2010, in central Johannesburg, South Africa. Khulumani is involved among other things in a lawsuit  against Daimler AG, with complaints brought forward by victims of Apartheid. The plaintiffs argue that Daimler sold vehicles to the old South African government, and they were used by the police and security forces to keep up the Apartheid regime. (Per-Anders Pettersson/Getty Images)

Apartheid criminals still at large

Corporations and banks that aided the apartheid regime have not been brought to book, so they continue to act with impunity

Slowdown: Container Terminal 9 at Kwai Chung in Hong Kong. Hong Kong

Growth is more than just GDP

India and China’s slowdown is natural and they’d do well to focus policies on the notion of wellbeing

It is now widely acknowledged that taxing multinational firms based on “where value is created” encourages massive — and legal — tax avoidance. (Dale de la Rey/AFP)

Global tax for multinationals gains traction

Multinational companies have been gaming the rules of the global economy to minimise their tax liability — or even eliminate it

Taxing issue: The growth in international online business-to-consumer and business-to-business trade, both in volume and in the number of participants, has created challenges for the collection of value-added tax. (David Harrison)

New VAT rules lead global tax reform

The target for tax authorities is the $2-trillion in annual e-commerce transactions that is set to rise to $4.5-trillion in three years’ time

The G20 has taken steps to reduce the transaction costs and barriers through co-operation between remitting and receiving countries.

Illicit financial flows costing Africa billions

Abusive transfer pricing, bribery and tax evasion are contributing to the loss of more than $60-billion from unlawful money flows in Africa.

With every ‘we regret to inform you’ your dignity and self-worth take a knock, but please don’t give up

Patel: Government has plan to create jobs

Ebrahim Patel told Parliament last week that SA has a strategy to deal with the pending crisis. This is an edited version of the speech he gave.