Business 22.2.2018 01:11 pm

AFU says it can prove Atul Gupta received R10m in criminal cash

The NPA wants to seize Gupta assets related to an alleged scam involving the Vrede dairy farm.

In their response to a legal challenge brought by Atul Gupta, the Asset Forfeiture Unit (AFU) has said in new legal papers that there is clear evidence the second-eldest Gupta brother was indeed involved in theft and money-laundering linked to an alleged scam involving a farm in the Free State.

AFU says it can prove Atul Gupta received R10m in criminal cash
AFU says it can prove Atul Gupta received R10m in criminal cash

AFU says it can prove Atul Gupta received R10m in criminal cash

The NPA wants to seize Gupta assets related to an alleged scam involving the Vrede dairy farm.

Taxpayers bear the cost of the budget
Business

Taxpayers bear the cost of the budget

Many people will find themselves in a higher tax bracket through the effect of inflation alone.
Budget: first steps towards a recovery, but at what cost?
Business

Budget: first steps towards a recovery, but at what cost?

It’s going to take years to stop the leaks and get HMS South Africa sailing again.
Budget 2018 enough to delay a Moody’s downgrade – FNB chief economist
Business News

Budget 2018 enough to delay a Moody’s downgrade – FNB chief economist

In his budget speech to parliament Gigaba announced a raft of tax reforms including a one percentage point increase to 15 percent in VAT as part of raising an additional R36bn in revenue.
What happens if SA expropriates land without compensation?
Business News

What happens if SA expropriates land without compensation?

Investments in the agri sector could be scuppered, food prices could rise and job losses would mount.
‘I think this is good enough to keep us from another downgrade’
Business News

‘I think this is good enough to keep us from another downgrade’

Analysts believe that the finance minister has done enough.
Budget shows willingness to take difficult decisions
Business News

Budget shows willingness to take difficult decisions

Together with the recent change in leadership, this budget should be enough to keep Moody’s on hold.
Sassa situation nothing to cheer about
Business

Sassa situation nothing to cheer about

Hearing ANC members cheer during yesterday’s budget speech over more people being on Sassa grants is definitely not a good story to tell.
S.Africa hikes sales tax in ‘tough’ post-Zuma budget
Africa

S.Africa hikes sales tax in ‘tough’ post-Zuma budget

South Africans were hit by the first sales tax increase since apartheid when the country’s finance minister delivered a tough budget on Wednesday, dampening optimism spurred by the country’s new reformist president.
Here are some of the Guptas’ flashy assets that could be seized and sold
Business

Here are some of the Guptas’ flashy assets that could be seized and sold

Outa says the family loved their flashy playthings, but their cars were registered to pay e-tolls.
Gigaba responds to being found guilty of lying under oath
Business

Gigaba responds to being found guilty of lying under oath

Scathing findings by a full bench of the high court against the minister are now being reviewed by his lawyers.
Treasury eyes Denel for next shake-up
Business

Treasury eyes Denel for next shake-up

The board of the state-owned enterprise is going to be reviewed, following Denel defying orders by National Treasury over a Gupta-linked company.
Gigaba says no to nuclear for SA right now
Business News

Gigaba says no to nuclear for SA right now

Gigaba was referring to remarks made by then-Deputy President Cyril Ramaphosa at the World Economic Forum last month.
Ratings downgrade could slash SA’s growth prospects
Business News

Ratings downgrade could slash SA’s growth prospects

The budget review cautioned that should Moody’s move to downgrade the country to sub-investment status, this would slash the National Treasury’s growth forecast for the current year by half.
SA’s economic growth forecast revised upward
Business News

SA’s economic growth forecast revised upward

Malusi Gigaba put GDP at one percent for 2017, up from the 0.7 percent forecast during the October medium-term budget policy statement.
One-percent VAT increase not aimed at punishing the poor – Gigaba
Business News

One-percent VAT increase not aimed at punishing the poor – Gigaba

VAT has the least effect on the poor compared to other tax hikes the National Treasury could have introduced, says Gigaba.
Bigger than inflation increases for social grants
Business

Bigger than inflation increases for social grants

Pensioners will see their grants increase from R1,600 to R1,690 by April 1 and by another R10 by October 1.
SA’ s annual consumer inflation slows to 4.4 percent in January – Stats SA
Business News

SA’ s annual consumer inflation slows to 4.4 percent in January – Stats SA

The consumer price index increased by 0.3 percent month-on-month in January.
Key areas to look out for in the 2018 budget
Business News

Key areas to look out for in the 2018 budget

Tax sources that could be targeted, and possible problems in implementation, as explained by personal tax expert Rob Cooper from Sage.
SA’s ratings fortunes in the hands of policymakers – S&P
Business News

SA’s ratings fortunes in the hands of policymakers – S&P

Optimism about political change but economic challenges persist.
AngloGold Ashanti says full year production rises 4 percent
Business News

AngloGold Ashanti says full year production rises 4 percent

The company said it had also delivered a strong exploration result, with most of the year’s production replaced given success across a broad front.
The self-driving car of investments
Business News

The self-driving car of investments

Would you let a machine manage your unit trust?


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