Eleven people have been arrested in connection with illegal sand mining and for being in the country illegally. The suspects were arrested in the Sekhukhune, Mopani and Vhembe districts in

The South African Reserve Bank’s Prudential Authority has imposed an administrative fine of R10 million on Absa Bank for failing to conduct a thorough review of certain clients. These clients

The South African Revenue Services (SARS) has urged Value Added Tax (VAT) vendors, including retailers, to continue charging the 15% VAT rate. Commissioner Edward Kieswetter says in a statement that

South Africa’s property sector is making significant progress in implementing anti-money laundering (AML) measures, according to regulators. The Property Practitioners Regulatory Authority (PPRA) reports that estate agents are demonstrating strong

The South African National Taxi Council (SANTACO) defends government’s decision to allocate R408 million from the COVID-19 Relief Fund to the taxi industry. This comes after Build One South Africa

Eskom has attributed its decision to suspend load shedding to the recovery of more than 2 000 megawatts of generation capacity and sufficient emergency reserves. It also says there is

The Cape Chamber of Commerce and Industry (CCAI) says the decision not to increase Value Added Tax (VAT) by 0.5 % point is a relief not only for the poor

Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as US President Donald Trump’s trade war pushes up costs, up-ends supply chains and stirs

The Congress of South African Trade Unions (COSATU) has refuted National Treasury’s statement that by not increasing VAT, the medium-term revenue shortfall will be R75 billion. Media statement: Reversal of

The Democratic Alliance (DA) has welcomed the reversal of the 0.5 percent VAT increase, which was meant to take effect next Thursday. National Treasury earlier this morning announced the reversal