.co.za

In 2022/23, South Africa is forecast to obtain 36.8% of its tax revenues from personal income tax, 27.5% from VAT, and 16.9% from corporate income tax. Source: BusinessTech

South Africa’s Parliament is expected to deal with several important pieces of legislation in the coming year, including issues around land expropriation and healthcare. Source: BusinessTech

The National Treasury plans to expand and increase its ‘sugar tax’ on drinks in South Africa from next month. Source: BusinessTech

Ineos Grenadier is inching closer to the launch of its off-road SUV, including in South Africa. Source: BusinessTech

Home Affairs minister Aaron Motsoaledi has updated which services will be available at Home Affairs offices during the country’s adjusted level 1 lockdown. Source: BusinessTech

Government is developing new policies to restructure the existing Road Accident Fund (RAF) scheme and how money is paid out. Source: BusinessTech

The South African Reserve Bank (SARB) is likely to keep its foot on the hiking pedal in the coming year, with inflation moving sharply higher and the growth outlook well supported for now, says Jeff Schultz, senior economist of BNP Paribas South Africa. Source: BusinessTech

South African Breweries (SAB) has proposed a change in the way that alcohol is taxed and priced in South Africa. Source: BusinessTech

Virgin Active Holdings raised £88.4 million ($118 million) from backers including billionaire Christo Wiese, and will expand with the acquisition of the nutrition assets of South Africa’s Real Foods Group. Source: BusinessTech

Health minister Joe Phaahla says his department has been hard at work to formulate new regulations to replace the country’s state of disaster and is now ready to present its proposals to the cabinet and the National Coronavirus Command Council (NCCC). Source: BusinessTech