As a result of the amendment to the foreign income exemption, in the Income Tax Act, many South African seafarers and yacht crew are sailing close to the wind, often in an effort to find a means and reasons not to pay taxes in South Africa. One of the many reasons used by South African […]

The Ford Motor Company of South Africa (FMCSA) has been fined an administrative fine of R35 million for the incidents in which the company’s Kuga 1.6 model caught fire. “After an intensive investigation, the National Consumer Commission, (the NCC) found that FMCSA had in fact engaged in prohibited conduct by distributing FMCSA Kuga vehicles that […]

South Africa’s Karoo region has always been parched – it means land of thirst in the language of its earliest inhabitants, the Khoisan hunter gatherers. Yet nothing prepared residents of its oldest town, Graaff-Reinet, for their worst drought in more than a century. As the dry spell entered its fourth year, tap water turned brown […]

JOHANNESBURG – International travel agency Flight Centre Travel Group has stopped selling tickets on South African Airways (SAA) flights after a travel insurance firm said it would no longer cover SAA tickets against insolvency. State-owned SAA failed to pay staff full salaries this month and has said it has almost no cash left after a […]

JOHANNESBURG – South Africa’s struggling state power firm Eskom made a surprise R1.3 billion ($88.39 million) profit in the first half of this financial year… roughly double the profit it made during the same period of the previous year. Eskom’s financial performance is typically stronger in the first half of the year, as it sells […]

South African mobile operator Vodacom Group said on Thursday its Chief Financial Officer Till Streichert will leave the company in June 2020 to pursue an external opportunity. The news came in just two days after the company said its Group Chief Technology Officer (CTO) Andries Delport will leave Vodacom in May 2020 to pursue external interests, […]

South Africa’s business confidence improved for the first time in two years, a survey showed on Wednesday, owing to a recovery in residential activity and on expectation of a good shopping season for retailers. The Rand Merchant Bank (RMB) business confidence index (BCI), compiled by the Bureau for Economic Research, was at 26 points for […]

Tough decisions will need to be made as soon as possible to turn South African Airways into a viable airline, Public Enterprises Deputy Minister Phumulo Masualle said in the National Assembly on Tuesday whilst participating in a debate on the recent strike at the national carrier. The debate took place a few days after the […]

Nando’s has done it again! The fast-food chicken restaurant chain has produced an advert that pokes fun at the South African government and cuts to the truth of current life in SA. The commercial encourages South Africans to play a game that’s a lot like Monopoly but includes South African twists such as the ‘token […]

JOHANNESBURG – South Africa is blocking arms sales to countries including Saudi Arabia and the UAE in an inspections dispute, endangering billions of dollars of business and thousands of jobs in its struggling defence sector, according to industry officials. The dispute centres on a clause in export documents that requires foreign customers to pledge not […]

Tom Moyane, former commissioner of South African Revenue Service (SARS), appeared for the first time in the Roodepoort Magistrate’s Court today in the private prosecution case against him. Advocate Gerrie Nel, Head of AfriForum’s Private Prosecution Unit, is prosecuting Moyane in this case. The date for Moyane’s first appearance has been set for 11 December […]

President Cyril Ramaphosa has reiterated that the South African government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility. These measures, he said, are rather aimed at stabilising the utility and getting it back on its feet. “We are not going to privatise Eskom,” he said, […]

South African supermarket chain Checkers, owned by Shoprite Holdings, is looking to grab a larger share of the growing online shopping market by pioneering a new one-hour grocery delivery service named Sixty60. It is South Africa’s first 60-minute mobile app grocery delivery service from a supermarket chain, Checkers says, as it looks to respond to […]

JOHANNESBURG – South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms, the International Monetary Fund (IMF) said on Monday. “The FY20/21 budget to be presented in February should articulate measures to address fiscal and SOE […]

South Africa’s rand firmed in early trade on Monday, as traders continued to chase the high yield offered by local assets after S&P Global Ratings decided to downgrade the country’s credit outlook instead of lowering its sovereign rating. The rand was 0.41% firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level […]

S&P Global on Friday downgraded its outlook for South Africa’s credit rating to negative, citing weak pace of economic growth, mounting government debt burden and liabilities related to the country’s energy utility, Eskom. The downgrade significantly increases the probability of a downgrade in the sovereign rating of Africa’s most industrialized economy. South Africa is already […]

Elon Musk’s launch of his Tesla Inc futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered during a presentation, but it was the overall look of the car that attracted the most comments and worried Wall Street on Friday… with the company’s shares falling more than 6%. Online critics made fun of […]

JOHANNESBURG – South African Airways (SAA) reached a deal on wages with two striking unions on Friday to end an eight-day strike at the state airline. Already reliant on government handouts to survive, SAA had to suspend hundreds of flights after the South African Cabin Crew Association (SACCA) and the National Union of Metalworkers South […]

Each year, South Africans produce about 40 million tonnes of general waste, only 10% of which is recycled, according to the State of Waste Report published by the Department of Environmental Affairs in 2018. The other 90% ends up in landfills or waste storage facilities around the country. But what happens to the 10% of materials […]

South Africa‘s National Transport Movement (NTM) on Friday signed a wage deal with South African Airways (SAA) for a 5.9% pay rise for the 2019/20 financial year that started in April, according to a copy of the deal seen by Reuters. NTM is one of the largest unions at state-owned SAA, but its members are not participating in […]

The festive season is fast approaching, and in an annual tree lighting ceremony that’s becoming as hotly anticipated in South Africa as that in New York’s Rockefeller Centre or St Petersburg’s Palace Square, Cape Town’s Moët & Chandon Golden Tree is the place to be for the launch of the festive season… and this year […]

JOHANNESBURG – A South African union filed a case on Thursday asking a court to subject the distressed state-owned airline SAA to a business rescue, with the aim of restoring it to profitability. Solidarity, which mostly represents white, Afrikaans-speaking employees, said it would “mean that the court can appoint a business rescue practitioner with comprehensive […]

The Office of the Chief Whip in Parliament has issued a statement following the arrest of ANC Member of Parliament and Chairperson of the Portfolio Committee on Home Affairs, Bongani Bongo, who was arrested this morning in Cape Town, South Africa. “We are aware that the MP was arrested by the Hawks on allegations of […]

Auditor General Kimi Makwetu has called on government leaders to take urgent action to halt the trend of disappointing audit results, restore accountability and prevent mismanagement of public funds. Releasing the 2018-19 general report for national and provincial departments as well as their entities, Makwetu said political leaders, accounting officers, authorities and oversight structures must […]

When insurance company Old Mutual refused to pay out on the death of a loved one in South Africa, insisting on more proof, the victim’s family complied – and brought the corpse into their offices in Stanger, in a body bag. The incredible footage (see below) was shot in KwaZulu-Natal (KZN) after two bereaved female […]