Business 30.10.2018 08:17 am

Sars clarifies its stance on medical expense claims

After complaints that tax credits for out-of-pocket expenses were disallowed.

The South African Revenue Service (Sars) says there has been no policy change with regards to the risk treatment of medical expense claims.

Sars clarifies its stance on medical expense claims
Sars clarifies its stance on medical expense claims

Sars clarifies its stance on medical expense claims

After complaints that tax credits for out-of-pocket expenses were disallowed.

The beginning of the end of Eskom’s monopoly
Business

The beginning of the end of Eskom’s monopoly

DA to revive bill that will ease the power utility’s stranglehold.
Africa, EU talk trade after Brexit
Business

Africa, EU talk trade after Brexit

During the summit, German investors will present flagship projects currently undertaken in African countries.
KPMG disappointed by losing Nedbank as client
Business

KPMG disappointed by losing Nedbank as client

Earlier this month, the company announced the CEO was stepping down and it would seek an external head to spearhead the quest to repair its reputation.
Sars reminds taxpayers to file returns before Wednesday
Business

Sars reminds taxpayers to file returns before Wednesday

People who miss the deadline could face administrative penalties from between R250 to R15 000.
Lonmin says it is a victim of vexatious litigation
Business

Lonmin says it is a victim of vexatious litigation

The Mining Forum has applied for the company’s mining licence to be suspended, but the company says they are confused.
British Airways starts new London-Joburg services
Business

British Airways starts new London-Joburg services

The airline is also again increasing its daily winter Cape Town schedule to provide double-daily summer flights from London.
How the upcoming US midterm elections will impact your investment portfolio
Business

How the upcoming US midterm elections will impact your investment portfolio

The three possible scenarios and how each is likely to affect the market.
Investors have given up on the JSE
Business

Investors have given up on the JSE

Does that mean it’s time to get in?
DA calls for rethink of ‘mind-boggling’ SA Express bailout
Business

DA calls for rethink of ‘mind-boggling’ SA Express bailout

It was reported on Sunday that of the airline’s 21 leased aircraft, 13 of them can’t even fly any more and are so cannibalised they can’t even be given back.
Ramaphosa says talk of ‘white monopoly capital’ ‘ends today’
Business

Ramaphosa says talk of ‘white monopoly capital’ ‘ends today’

At the conclusion of a successful investment summit in Sandton, the president said businesspeople should be treated like heroes.
Aspen invests R3.4bn in sterile anaesthetics manufacture in SA
Business

Aspen invests R3.4bn in sterile anaesthetics manufacture in SA

The investment in the firm’s Port Elizabeth manufacturing site ‘will provide a tremendous economic boost for the Eastern Cape’, Aspen says.
SA revenue projections credit-negative – Moody’s
Business

SA revenue projections credit-negative – Moody’s

The rating agency says the revenue assumptions underpinning the medium-term fiscal projections ‘are achievable’.
SA needs readjustment of policy trajectory to attract investment – IRR
Business

SA needs readjustment of policy trajectory to attract investment – IRR

The institute says if the investment summit is to be successful and sustainable, it would need to convey a very clear message that SA welcomes business.
‘Thuma mina’ encourages Anglo American to invest R71.5bn
Business

‘Thuma mina’ encourages Anglo American to invest R71.5bn

The company says it has heeded President Cyril Ramaphosa’s call as he seeks US$100 billion in investment over the next five years. 
SA investment conference kicks off
Business

SA investment conference kicks off

The summit is part of the government’s interventions geared to boost economic growth and creating much-needed jobs.
Good news for taxpayers battling refunds, disputes
Business

Good news for taxpayers battling refunds, disputes

Additional refunds of R11bn will be made to taxpayers to clear the backlog.
SA companies explore trade opportunities with Cuba
Business

SA companies explore trade opportunities with Cuba

Rob Davies says the fair expected to start later this month in Cuba will give SA exporters access for a range of products and services.
Mind the debt trap or IMF will take over, Mboweni warns
Business

Mind the debt trap or IMF will take over, Mboweni warns

According to the minister’s medium-term budget policy statement tabled on Wednesday, debt is expected to stabilise at 59.6% of GDP in 2023/24.
Comair budgets R100m to clean up SAA’s mess
Business

Comair budgets R100m to clean up SAA’s mess

CEO Erik Venter’s letter speaks out about flight delays, which they are now taking steps to counter.
State moves to improve infrastructure project outcomes
Business

State moves to improve infrastructure project outcomes

A list of all government projects has been released.
What your tax bill could look like next year
Business

What your tax bill could look like next year

No changes to personal income tax, VAT and corporate tax rates expected.
Bailouts for SAA, Sanral’s e-tolls and more
Business

Bailouts for SAA, Sanral’s e-tolls and more

‘Debt is increasingly used to repay debt.’
These are the items that will be zero-rated for VAT
Business

These are the items that will be zero-rated for VAT

Only three of the six recommended products have made the cut.
Mboweni’s mini budget in a nutshell
Business News

Mboweni’s mini budget in a nutshell

A break-down of our new finance minister’s plan to get the struggling SA economy back on track.

 

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