Managers of Wealth Africa

Tax return warning for anyone earning more than R500,000 a year

This includes any individuals who have capital gains, foreign income, or receive dividends not subject to automatic withholding tax.

Trump imposes 30% tariffs on all SA goods

As of 1 August, but ‘separate from all sectoral tariffs’.

SARS apologises for downtime and glitches on tax day

Adding to the frustrations, tax practitioners were also unable to process income tax filing and EMP201 declarations due to the system overloads.

Godongwana warns about a wealth or ‘apartheid redress’ tax in South Africa

He also warned that any move to increase these taxes or to introduce the ones being called for would cost the economy billions.

Important information about work from home taxes in South Africa

South Africa’s Income Tax Act includes specific provisions regulating claims for working for home, and the process isn’t as straightforward as it seems.

SARS announces 2025 tax change for South African expats

SARS now requires these expats to declare themselves as being tax resident again in their tax forms—something not required before.

Federal revenue agencies face shake-up as Tinubu signs tax bills

The development, which establishes the Nigeria Revenue Service as the sole body responsible for collecting federally chargeable taxes, is expected to trigger major restructuring across the federal revenue architecture.

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.