Business News 8.11.2017 08:05 am

Probe into under-collection of tax revenue approved

Concern that further tax hikes could be self-defeating.

Finance minister Malusi Gigaba has received President Jacob Zuma’s stamp of approval for an inquiry into tax administration and governance at the South African Revenue Service (Sars).

Probe into under-collection of tax revenue approved
Probe into under-collection of tax revenue approved

Probe into under-collection of tax revenue approved

Concern that further tax hikes could be self-defeating.

Old Mutual unbundling likely to create overhang in Nedbank shares
Business News

Old Mutual unbundling likely to create overhang in Nedbank shares

Experts say shares in Nedbank are attractive at current valuations.
Redefine Properties sticks by KPMG
Business News

Redefine Properties sticks by KPMG

The decision to dump KPMG amid the Gupta scandal hinges on the outcome of probes into the conduct of the firm, and bizarrely, shareholder approval.
Sanral throws in towel over e-toll debts older than 3 years
Business News

Sanral throws in towel over e-toll debts older than 3 years

And writes off R3.6 billion in e-toll debt, though will pursue defaulters through the courts.
Is semigration to the Western Cape slowing?
Business News

Is semigration to the Western Cape slowing?

There are already signs that the migration of Joburgers and Durbanites into the Western Cape, which has led to a rapid rise in house prices for many years, might be slowing down.
The upside down JSE
Business News

The upside down JSE

Growth at the wrong end of the market.
Around 300 to take on banks in home repossession claim
Business News

Around 300 to take on banks in home repossession claim

More applicants join claim, make further case for direct access to Constitutional Court.
Implications for SA equities, bonds after ‘no real plan’ MTBPS
Business News

Implications for SA equities, bonds after ‘no real plan’ MTBPS

Rates will gravitate towards 10.25% and the rand towards 15 to the dollar – Anchor.
Tough period for local hedge fund industry
Business News

Tough period for local hedge fund industry

AUM drops first time since 2011 amid performance pressure, consolidation.
AG to get more powers to address R65bn leakage
Business News

AG to get more powers to address R65bn leakage

Staff intimidated as managers try to protect bonuses.
SA gold miner Sibanye-Stillwater to cut 3 000 jobs
Business News

SA gold miner Sibanye-Stillwater to cut 3 000 jobs

Approximately 2,025 employees will be retrenched with an additional 1,350 have already elected to take voluntary separation packages at its Cooke operations.
Imperial’s Lamberti lashes out at KPMG; state capture
Business News

Imperial’s Lamberti lashes out at KPMG; state capture

Describes remedial actions to date as ‘inadequate’; Super Group gives auditor benefit of the doubt.
Dear Tshwane, you’re in breach of court order – PEU
Business News

Dear Tshwane, you’re in breach of court order – PEU

‘We’re not, and we don’t want your system’ – Tshwane.
Ex Sassa CEO’s agreement with SA Post Office rescues deal
Business News

Ex Sassa CEO’s agreement with SA Post Office rescues deal

MPs pressure Sassa and Post Office to reach an agreement after an impasse between the two parties ensues.
New Eastern Cape business centre to boost township economy
Business News

New Eastern Cape business centre to boost township economy

According to the Nelson Mandela Bay municipality, the main objective of the project is to create access and convenience for township entrepreneurs.
Trade and Industry Department set to lead a business delegation to the DRC
Business News

Trade and Industry Department set to lead a business delegation to the DRC

Minister Rob Davies said the objective of the visit is also to increase bilateral trade and investment between SA and the DRC.
SA Taxi caps maximum interest rates on new loans at 26.5%
Business News

SA Taxi caps maximum interest rates on new loans at 26.5%

High funding costs and higher-risk clients lead to greater interest rates.
The SA Post Office’s fight to pay grants
Business News

The SA Post Office’s fight to pay grants

Sassa says the state-owned entity doesn’t have capacity to become the main social grant payer.
What is Eskom not telling us?
Business News

What is Eskom not telling us?

As PIC moves to buy Eskom home loan book.
Steel industry concerned about US probe into carbon and wire rod imports
Business News

Steel industry concerned about US probe into carbon and wire rod imports

Preliminary determinations indicate that producers/exporters in the seven countries have sold carbon and alloy wire rod in the United States at less than fair value.
Petrol, diesel prices to increase in November
Business News

Petrol, diesel prices to increase in November

The price of petrol will rise by 4 cents while diesel will go up by 23 cents.
Judge rules in favour of Oppenheimers versus Gigaba
Business News

Judge rules in favour of Oppenheimers versus Gigaba

A judge in the North Gauteng High Court has callied Gigaba’s version of events ‘uncreditworthy’.
After Checkers onslaught, PnP plays catch up in convenience
Business News

After Checkers onslaught, PnP plays catch up in convenience

A three-way battle is on for two million affluent shoppers.
Winter is here
Business News

Winter is here

Things are going to get a lot worse before they get better.
The economy: What should South Africans be doing?
Business News

The economy: What should South Africans be doing?

‘We need to realise that it needs all of us if we are to avoid…an economic cliff’ – Deputy Finance Minister Sfiso Buthelezi.

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