SA to participate in 38th SADC Summit
President Cyril Ramaphosa will lead South Africa’s delegation to the 38th Ordinary Summit of the Heads of State and government of the Southern African Development Community (SADC) in Windhoek, Namibia. The summit will take place from 16-18 August 2018 under the theme ‘Promoting Infrastructure Development and Youth Empowerment for... Read more
Minister of Finance gives go ahead for tax deductions for companies operating in an SEZ –
 Coega amongst the six SEZs with approved preferential tax benefits  Following the promulgation of the Special Economic Zone Act in 2014 (SEZ Act of 2014) which then saw proclamation for commencement on the 9th of February 2016, the Minister of Finance, Nhlanhla Nene approved the six SEZs preferential tax... Read more
Rand plummet “due to external factors”
The dramatic plummet of the Rand to the US Dollar is due to external factors and has nothing to do with the country’s domestic economic indicators, economists say. Professors Bonke Dumisa from the University of KwaZulu-Natal and Raymond Parsons from the North West University School of Business and Governance both... Read more
VAT panel recommends zero-rating for sanitary products
The VAT review panel has recommended that sanitary products be added to the current list of zero-rated items. The panel recommended that sanitary products, school uniforms, nappies (including cloth and adult nappies) as well as white bread, bread flour and cake flour be added to the list of Value... Read more
SA, DRC strengthen relations
Bilateral relations between South Africa and the Democratic Republic of Congo (DRC) formed part of discussions between the two countries’ Heads of State on Friday. “The Heads of State exchanged views mainly on the following three points: bilateral relations between the two countries, the evolution of the political, electoral... Read more
SA’s business confidence improves in July
South Africa’s business confidence rose in July, doing so for the first time in six months, the South African Chamber of Commerce and Industry (SACCI) said on Wednesday. The body’s Business Confidence Index (BCI) gained one index point in July 2018 and was 94.7 compared to 93.7 in June... Read more
Gauteng strives for 50/50 women in senior management
Gauteng Premier David Makhura has issued a directive that qualified women must be appointed to vacant senior management positions in an effort for the province to meet its 50/50 target. “We don’t want any department in Gauteng to have a senior management team that has less than 50% women,”... Read more
Committee to Call Provincial Treasuries to Address Worrying Trends
The late payment of invoices by government departments has a negative impact on small, medium and micro enterprises and goes against the spirit of the Public Finance Management Act The Select Committee on Finance has resolved to arrange a follow-up meeting with all provincial Treasury departments to deal with... Read more
Is your organisation paying women what they are worth?
Author: Janine van der Merwe, Psychometrist and Reward Specialist at Remuneration Consultants Women tend to have higher levels of emotional intelligence and empathy compared to their male counterparts, and often promote delivery of soft benefits that may be overlooked in a purely commercial approach to business. Although these are... Read more
Have your say on SEZ Act regulations
The public has been invited to have their say on the draft regulations on the Governance and Composition of the Special Economic Zones Act. “The Minister of Trade and Industry, Dr Rob Davies, invites members of the public to make inputs and comments on the draft Regulations on the... Read more