Managers of Wealth Africa

Tinubu to sign tax reform bills Thursday

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

How to turn tax deductions into retirement gains

Maximising your retirement contributions through strategic tax structuring can significantly accelerate long-term investment growth.

Taxpayers foot the bill for R97,000 toilets, and new solar power taxes slammed

On Monday, 23 June, the rand was trading at R18.10 to the dollar, R24.26 to the pound and R20.80 to the euro. Oil was trading slightly lower at $78.40 a barrel.

PwC investigated over Choppies audit in Botswana

Stock exchange suspension led to 75% drop in market value.

N’Assembly delivered tax reform bills to Tinubu, says Finance Minister

The National Assembly delivered the bills to the President on Tuesday, marking a key step in the government’s ambitious overhaul of the country’s tax system.

SARS going after one of South Africa’s major petrol station owners for R2.7 billion

SARS found five serious compliance problems during the audit.

Government admits defeat on income taxes in South Africa

South Africa has a high share of personal income tax as a percentage of GDP and a high top tax rate

Structuring your Investments for tax efficiency in SA’s challenging fiscal climate

Tax efficiency is a necessity for preserving and growing long-term wealth.

The one tax South Africa needs to hike

Carbon pricing provides incentives to abate emissions cost-effectively and invest in low-carbon technologies.

Improved tax systems putting ‘real money’ into African economies

But the continent’s debt burden has ballooned.

SARS warning to taxpayers in South Africa: pay up, or face severe fines or prison

The tax experts said that SARS’ two-pronged strategy of assisting compliant taxpayers while clamping down on those who defy the system is being enforced with greater urgency.

115% income tax hike needed for NHI, and taxpayers paying for salaries not services

Economists at Nedbank noted in a research report that the current account balance may deteriorate in the remainder of the year, as imports are expected to outpace exports.

Major blow to VAT hopes in South Africa

Now that the VAT hike has been pulled, keeping the expanded basket in the budget would be detrimental to the entire fiscus.

Fight to block petrol tax increase for June

The legal challenge is a potential setback in a messy process that has unsettled investors.

VAT increase warning for South Africa

To compensate for this revenue loss, Godongwana cut some spending in the outer years of the MTEF and hiked the fuel levy to raise additional cash.

SARS nails one taxpayer for R30 million

The taxpayer in question is a successful businessman who owns several companies.

South Africa weighs more borrowing after tax hike plan dropped

South Africa’s Finance Minister Enoch Godongwana will deliver his third version of the budget to lawmakers at around 2 p.m. in Cape Town.

SA’s fiscal position to watch in Budget 3.0

No new taxes, except a possible fuel levy hike, say analysts.

Medical aid tax credits, fuel levies and VAT – what to expect in South Africa’s third budget

Most budget previews anticipate a much lower growth forecast, a wider budget deficit, sizeable cuts to spending programmes, and a host of smaller tax changes to make ends meet.

Google responds to South Africa’s tax threat

News platforms in South Africa have suffered significant losses over the last decade or so as the distribution of news content has become digital.