Another growing threat for taxes in South Africa: SARS
The South African Revenue Service (SARS) has flagged the country’s high youth unemployment rate as a potential future problem for the country’s taxes. Source: BusinessTech
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WhatsApp and Facebook face questioning in South Africa over controversial privacy changes
Facebook is scheduled to answers questions in parliament later this month, with questions set to focus on its role in misinformation and the protection of the digital privacy of its South African users. Source: BusinessTech
A third of South Africa’s middle-class set to be wiped out: lender
Financial services company Transaction Capital has published its results for the six months ended 31 March 2021, with the group warning that the Covid-19 pandemic and weaker economy has placed significant strain on middle-class South Africans. Source: BusinessTech
World bank could fund South Africa’s controversial powerships
The World Bank’s International Finance said it expressed interest in funding bidders in a South African tender for emergency power provision, including a Turkish supplier of gas-fired power plants on ships, putting it on course for a clash with climate activists. Source: BusinessTech
These are the most complained-about banks in South Africa
The Ombudsman for Banking Services (OBS) has published its annual report for 2020, revealing the relationship between the country’s largest banks and their clients. Source: BusinessTech
Some municipalities are not charging what they should for water and electricity in South Africa: Mboweni
Finance minister Tito Mboweni says that a number of municipalities across South Africa do not have ‘cost reflective’ tariffs in place, which has negatively impacted the sustainability of municipal services. Source: BusinessTech
Bleak jobs data for South Africa at the start of 2021
The second wave of infections and associated lockdown at the start of 2021 led to net job losses with significant labour market churn, according to the latest National Income Dynamics Coronavirus Rapid Mobile Survey (NIDS-CRAM). Source: BusinessTech
Ratings agency sends wage warning to South Africa
Fitch Ratings says that government is unlikely to meet its goal of freezing public-sector wages over the next three years. Source: BusinessTech
Navigating the multi-complex and dynamically volatile business landscape with success
Enroll for the Alliance Manchester Business School Advanced Management Programme (AMP) to build your competitive edge and strategically optimize your human capital advantage. Facilitated by Foundation for Professional Development. Source: BusinessTech
Here’s how much it costs to own and run a taxi in South Africa
SA Taxi owner, Transaction Capital has published its annual report for 2020, outlining the costs of operating a taxi in South Africa. Source: BusinessTech