Latest News & Developments
A 39-year-old Cape Town businesswoman has been handed a suspended sentence and ordered to pay R48,000 in fines after pleading guilty to 12 counts of failing to submit income tax returns to SARS.
The Royal AM saga has exposed significant flaws within South African football, leaving the Premier Soccer League's reputation in tatters. As the club faces liquidation, the league must confront its failures to restore credibility
eThekwini Municipality has launched an ambitious inner-city revitalisation project set to transform Durban with enhanced security, cleaner streets and over 100 new jobs. City Manager Musa Mbhele calls the initiative a 'game-changer' that aims to restore the city's former glory after years of decline that has seen businesses closing and tourists staying away
The Economic Freedom Fighters (EFF) has filed a legal challenge in the Western Cape High Court against the adoption of the 2025 Fiscal Framework, arguing it undermines democratic integrity and could lead to higher living costs for South Africans.
As policymakers convene to turn these discussions into actionable changes, the prospects of a fairer tax framework stand to benefit millions.
Royal AM's potential expulsion from the PSL poses significant challenges for Shauwn Mkhize and the South African Revenue Service in their efforts to recover R40 million.
National budget approved amid call for action on tax collection and wasteful spending.
Tshwane Mayor Nasiphi Moya reports significant financial progress with over R1 billion paid towards the city's Eskom debt, full settlement of the R4. 7bn VAT liability, and a R4. 3bn reduction in the debtors' book. The administration is also addressing power outages in key areas while extending its successful debt relief scheme to benefit more residents.
ars has set a new benchmark by collecting R2. 303 trillion in gross revenue for the 2024/25 fiscal year, surpassing expectations just before the crucial Budget vote. This achievement not only reflects the agency's efficiency but also promises significant benefits for taxpayers and the economy.
As South Africa's relationship with the US faces diplomatic challenges, the future of the African Growth and Opportunity Act (AGOA) hangs in the balance. This article explores the critical importance of AGOA to South Africa's economy and provides essential guidance for businesses looking to navigate international trade regulations and maintain export opportunities despite geopolitical tensions
Businesswoman Shauwn Mkhize shared her uplifting journey of healing and positivity amid the turmoil surrounding her former football club, Royal AM, following a significant tax controversy.
In a landmark ruling, the Gauteng High Court has stepped in to protect the Road Accident Fund from a controversial R5. 1 billion deduction by SARS.
The directors of Global Investments, Mageshpren Moodley and his father Chockalingam 'Roy' Moodley, find themselves in hot water following a significant breach of protocol after their failed bid to acquire the Royal AM football club at last week's auction.
The sale of Royal AM's PSL status faces turmoil as the SARS curator reveals the reasons behind the collapse of a high-stakes transaction, leaving the club's future uncertain.
Royal AM players have returned to training following the acquisition of Shauwn "MaMkhize" Mkhize's embattled club by an unnamed Durban businessman.
The Road Accident Fund has secured an interim court order blocking SARS from deducting R5. 1 billion from its fuel levy to pay an Eskom rebate, highlighting growing tensions between state entities over financial resources.
The 2025 South African Budget Speech signals a major shift towards stricter financial crime enforcement and compliance requirements. Learn how increased funding for FICA enforcement, SARS investigations, and VAT changes will impact accountable institutions and what steps businesses need to take to prepare.
SARS Commissioner reveals that just 570 wealthy individuals contribute nearly half of South Africa's R8 billion tax revenue, while discussing the complexities and challenges of implementing a proposed wealth tax. Kieswetter emphasises the need for clear definitions and robust administration systems before any new tax measures can be introduced.
The 2024 National Elections reveal a troubling repeat of history for South Africa, highlighting the failures of the ANC and the challenges facing the Government of National Unity.
MK Party's Mzwanele Manyi warns of nationwide protests if Finance Minister proceeds with VAT increase in Wednesday's Budget Speech, proposing corporate tax hikes and wealth tax as alternatives to avoid burdening the poor.
South Africa's national budget stands at a crucial crossroads between social welfare and economic growth. This analysis explores how strategic fiscal planning could transform the nation's future, balancing social responsibilities with competitive advantage in the global market.
Umkhonto Wesizwe Party warns against a proposed VAT increase, advocating for wealth taxation and other revenue-generating measures to alleviate the financial burden on South African citizens.
Tension escalates in Kuruman as PP Gemstones has accused industry giant Assmang of illegal operations.
As SARS puts Royal AM up for sale, we examine how Shauwn Mkhize's controversial ownership has impacted South African football. From court battles to unpaid taxes, this is why the club's change of ownership signals hope for the sport's future.
As SARS calls for bids on Royal AM football club, potential buyers face inheriting massive tax debt, unpaid wages, and a FIFA transfer ban. With a R40 million tax burden and mounting operational issues, this prestigious KwaZulu-Natal club's sale might be more trouble than it's worth