SARS feels the pressure; Eskom chair steps down; poultry sector looks to imports; and army asks to intervene in Cash-in-transit crisis.
The South African Revenue Service offers payment arrangements to indebted taxpayers in a last-ditch attempt to fill the growing fiscal pothole. South Africa’s economy is only expected to grow by around 0.3% in 2023. However, SARS’ target for revenue collection growth is between 4% and 6%. So far, SARS has achieved revenue collection growth of only 2.6% due to declining corporate income taxes and increased VAT refunds.
The industry also plans to reduce exports to help with supply, while there are also hopes that the outbreak may now be contained. [ There have been 249 cash-in-transit robberies since January, a 30% increase compared to last year, while another incident occurred on the N12 in Joburg on Saturday. Fidelity CEO Wahl Bartmann noted it took the SAPS over 30 minutes to respond to the heist, adding that there is no government support to help fight this crisis.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Academy for Young Winemakers Aims to Diversify South Africa's Wine Industryitemprop=description content=One of the world's top 10 wine producers, South Africa owes some 9 percent of its GDP to the wine sector - but the industry remains dominated by the white minority. A training academy for young South Africans from disadvantaged backgrounds aims to change that.
Read more »
South Africa’s solar surge starting to hurt EskomEskom sales have dropped by 2.3% as a result of South Africa’s surge in the installation of rooftop solar.
Read more »
Tax deadline fast approaching in South Africa – don’t expect any forgiveness from SARSNon-provisional taxpayers must submit their tax returns soon – with SARS likely to fine those who don’t comply.
Read more »
South Africa: Avian Influenza Outbreak Threatens Chicken Supply - South African News Briefs - October 9, 2023itemprop=description content=
Read more »
Hezbollah Claims Responsibility for Shelling Israeli Army Positions in LebanonSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
Accused fined R20, 000 for corruptionSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »