Friday , January 19 2018
Breaking News
Home / International Customs / South Africa

South Africa

S Africa aims to patch up threadbare clothing industry

south africa

CAPETWON: South Africa is fighting to revive its frayed clothing industry, once a crucial provider of jobs in a country suffering from high unemployment, as a flood of cheap imports forces local factories to shutter and lay off workers. Once the economic lifeblood of many small regional towns, the abundance of cheaper products from China has led to the loss ... Read More »

Ghana needs moratorium on food imports from South Africa

south africa

CAPE TWON: There is the need for the government of Ghana to impose a moratorium on the importation of particular food items from South Africa in the wake of the outbreak of Listeriosis in that country, General Agricultural Workers Union (GAWU) of the Trades Union Congress (TUC) urged here on Friday. Speaking to Xinhua via telephone, Edward Kareweh, General Secretary ... Read More »

City law firm Hogan Lovells hits back at Lord Hain over South Africa allegations

south africa

CAPE TWON: Former Labour minister and veteran anti-apartheid campaigner Lord Peter Hain wrote to legal watchdog the Solicitor’s Regulation Authority (SRA) on Friday demanding an inquiry into the firm’s conduct in relation to its report into a South African government money laundering scandal. The accusations stem from a 2016 report that Hogan Lovells produced for tax body the South African ... Read More »

SARS to provide tax rules on Bitcoin and other cryptocurrencies

south africa

CAPE TWON: South African Revenue Service (SARS) has said that it plans to provide clarity on the tax implications of transacting in cryptocurrencies like Bitcoin in either an interpretation or practice note early this year. In an interview with ITweb, SARS spokesperson Sandile Mamela said the revenue service, like most other revenue authorities in the world, is looking at the ... Read More »

South Africa’s personal income tax

south africa

CAPE TWON: National Treasury and SARS’ 10th annual edition of the tax statistics for South Africa in December, Des Kruger and Wesley Grimm of law firm Webber Wentzel have provided an analysis of the data and what it will mean for Income Tax in 2018. The document provides data on the key trends in tax revenue collections and highlights the ... Read More »

Afreximbank taps Islamic finance to support Africa trade

south africa

CAPE TWON: African Export Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized businesses in the region, as African markets gradually open to Islamic finance. Cairo-based Afreximbank, which was founded by African governments and other investors in 1993 and focuses on trade finance, obtained a $100 million financing from the Islamic Corp ... Read More »

Rwanda bans imports from SA due to listeriosis outbreak

south africa

CAPE TWON: According to Rwanda’s Ministry of Agriculture and Animal Resources, the ban is aimed at preventing the spread of listeriosis to that country. Meat, milk and dairy products, vegetables and fruit imported from South Africa are effectively banned until listeriosis is no longer [found] on South African soil,” a statement by that country’s agriculture and animal resources minister, Geraldine ... Read More »

Millions lost to smuggling of onions apples

south africa

CAPETWON: Sumggling of onion and apples from South Africa is depriving the fiscus of millions of dollars worth of potential tax revenue, the Fresh Produce Marketers’ Association of Zimbabwe has said. “Currently, the manner in which production, importation and marketing of fresh produce, particularly apples and onions, is creating an uneven playing field and prejudicing the fiscus,” Mushori told stakeholders ... Read More »

Rwanda bans fruits imports from South Africa

south africa

CAPE TWON: Rwanda has banned the import of meat, dairy products, vegetables and fruit from South Africa because of the purported presence of the listeriosis viral disease. The ban, aimed to prevent the spread of the disease to Rwanda, became effective on December 19th 2017. Listeriosis is a serious, but treatable and preventable disease caused by the bacterium listeria monocytogenes ... Read More »

African Economic Conference explores impact of foreign aid on domestic tax collection

south africa

CAPE TWON: The discussions taking place at the UN Conference Centre in Addis Ababa have been convened by the AfDB, ECA and the UN Development Programme (UNDP) to examine policies and structures determining the pace of Africa’s economic transformation. While presenting an academic research paper on the aid effectiveness and the quality of institutions managing foreign aid, Adamasu Maruta, a ... Read More »

Rwanda bans livestock fruis imports from South Africa over viral disease

south africa

CAPE TWON:  Rwanda has banned importation of meat, dairy products, vegetables and fruits from South Africa over listeriosis viral disease, a statement said this week. The ban, aimed to prevent possible spread of the disease to Rwanda, became effective on December 19, the statement from Rwanda’s ministry of agriculture said. The death toll from an outbreak of listeriosis has risen ... Read More »

South Africa trade surplus soars to 13b rand in November

south africa

CAPE TWON: South Africa’s trade surplus soared to 13.02 billion rand in November, its highest in a one and a half years as exports of mineral and chemical products as well as commodities and vehicles grew briskly while imports were subdued. South Africa’s trade surplus soared to 13.02 billion rand ($1.06 billion) in November, its highest in a one and ... Read More »

SA should follow Zimbabwe with lifestyle audits for all public office holders

south africa

CAPE TWON: Tax non compliance and the level of corruption in South Africa has again focused the attention on lifestyle audits for all officials responsible for high-level decision making in government. The new Zimbabwean government announced that all public office holders, including cabinet ministers, will be subject to lifestyle audits in future to determine whether their income is aligned with ... Read More »

Tax bodies in East Africa record shortfalls in revenue collections

south africa

CAPE TWON: During a recent meeting for tax administrators in Kigali, the Rwanda Revenue Authority (RRA) said it had missed its tax revenue target by four per cent. It also missed its non-tax revenue target. RRA’s tax revenue target was Rwf333.4 billion ($153 million), but only Rwf323.3 billion ($148.7 million) was collected between July and October. According to Richard Tusabe, ... Read More »

Government bans livestock agriculture imports from South Africa

south africa

CAPE TWON: The Ministry of Agriculture and Animal Resources has banned the importation of meat, dairy products, vegetables and fruits from South Africa over Listeriosis, a viral disease also known as Kaba. Meat, milk and dairy products, vegetables and fruits imported from South Africa are effectively banned until Listeriosis is no longer on South Africa’s soil,” reads a statement, signed ... Read More »

South Africa UCT announces 8 percent fee increase for 2018

south africa

CAPE TWON: has on Friday announced an 8% fee increase for the 2018 academic year, adding that students coming from households with incomes below R600 000 per year will largely be protected. On top of the 8% hike, catering and residence costs are also expected to go up by 12% and 10% respectively. The residence fee increases are meant to ... Read More »

Outa goes to war over Cape Town drought tax

south africa

CAPE TWON: The organisation that led the fight against e-tolls in Gauteng has a new target Cape Town’s proposed drought levy. The Organisation Undoing Tax Abuse says mayor Patricia de Lille’s announcement of the levy on December 5 was flawed in four respects: It announced the decision to introduce the levy before the public participation process was conducted. Public participation ... Read More »

Government bans livestock agriculture imports from South Africa

south africa

CAPE TWON: The Ministry of Agriculture and Animal Resources has banned the importation of meat, dairy products, vegetables and fruits from South Africa over Listeriosis, a viral disease also known as Kaba. “Meat, milk and dairy products, vegetables and fruits imported from South Africa are effectively banned until Listeriosis is no longer on South Africa’s soil,’’ reads a statement, signed ... Read More »

Bitcoin transactions may be taxed by South African revenue service

south africa

CAPETWON: The South African Revenue Service (SARS) is reportedly in discussions with top technology companies from around the world to track and tax bitcoin transactions. SARS is the tax collecting agency of the South African government. It was established by legislation to collect revenue and ensure compliance with tax law. Its vision is to be an innovative revenue and customs ... Read More »

SARS to collect sugar tax from April 2018

south africa

CAPETWON: The South African revenue service (SARS) will collect the Sugary Beverages Levy (SBL) as from April 1 next year. The levy falls under the Rates and Monetary Amounts and Revenue Laws Amendment Bill, 2017, as passed in Parliament on December 5. Part 7A of Schedule No. 1 to the Customs and Excise Act, 1964, provides for a health promotion ... Read More »