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R10 illegal cigarette pack becomes SA's top seller

R10 illegal cigarette pack becomes SA's top seller

29/11/2018 - 08:23
Research house Ipsos said that South Africa has become the first country in the world to allow an illegal cigarette brand to become a top seller, after Gold Leaf Tobacco’s RG brand became the top-selling brand in the country overall, overtaking all legal brands.  read more
SA records shock trade deficit for July

SA records shock trade deficit for July

31/08/2018 - 14:28
SA recorded a shock trade deficit of R4.66bn in July, falling well short of analysts’ expectations. read more
SARS cracks down on counterfeit clothing

SARS cracks down on counterfeit clothing

19/12/2017 - 16:06
More than R97-million worth of fake clothing was seized by the South African Revenue Service (SARS) in its crackdown against illegal clothing and textile imports this year. read more
Trade surplus shrinks, with both imports and exports falling

Trade surplus shrinks, with both imports and exports falling

31/05/2017 - 16:32
SA’s trade balance came in worse than expected on Wednesday when the South African Revenue Service (SARS) announced a surplus of R5.08bn for April. read more
SA records R5.22bn trade surplus for February

SA records R5.22bn trade surplus for February

03/04/2017 - 09:23
SA recorded a R5.22bn trade surplus in February after a revised deficit of R11.22bn in January, the South African Revenue Service (SARS) said on Friday. read more
Gordhan arrest rumours jolt the rand

Gordhan arrest rumours jolt the rand

17/05/2016 - 08:52
Johannesburg - The rand yesterday (16 May) hit a two-month low against the dollar and government bonds weakened sharply after reports, denied by the government, that Finance Minister Pravin Gordhan faces arrest. read more
Cash-and-carry tax crackdown pays off for SARS

Cash-and-carry tax crackdown pays off for SARS

16/05/2016 - 15:47
The recent crackdown on the cash and carry sector in SA seems to be bearing fruit. read more
Gordhan 'ready to do battle'

Gordhan 'ready to do battle'

16/05/2016 - 15:44
Cape Town - Finance Minister Pravin Gordhan is aware of plans to arrest him and is ready for the ongoing relentless struggle for control of state resources. read more
Sars hits non-compliant cash and carry sector with R600m

Sars hits non-compliant cash and carry sector with R600m

21/04/2016 - 11:42
Pretoria – At least 50% of cash and carry businesses inspected by the SA Revenue Service (Sars) are found to be non-compliant with regard to registration, filing, or payment. read more
Tax revenue collection exceeds projections

Tax revenue collection exceeds projections

04/04/2016 - 12:22
The South African Revenue Service (SARS) has collected more tax revenue than projected in the 2015-16 fiscal year despite a challenging weak economic growth environment, preliminary data showed on Friday (1 April). read more
Rand breaks back through R15 to the dollar

Rand breaks back through R15 to the dollar

31/03/2016 - 10:10
The rand has broken the R15/$ ceiling on Wednesday (30 March) after US fed chair Janet Yellen surprised on Tuesday night with dovish comments, depreciating the dollar against most currencies. read more
Wider consumer price inflation coming - economist

Wider consumer price inflation coming - economist

14/03/2016 - 10:10
Cape Town - A sharp move higher in average purchasing price and selling price inflation indicators in the latest Business Confidence Index (BCI) of the Bureau of Economic Research (BER) suggests a wider increase in consumer price inflation in upcoming months, MMI economist Sanisha Packirisamy warned on Sunday (13 March). read more
Sars Wars: SA on slow-burn toward junk status - analysts

Sars Wars: SA on slow-burn toward junk status - analysts

02/03/2016 - 09:36
Johannesburg - South Africa’s tax collection agency is in the grip of a tug of war between President Jacob Zuma and Finance Minister Pravin Gordhan that’s heightening risks for a stagnating economy on the brink of a junk credit rating. read more
Gordhan's job not in jeopardy - Presidency

Gordhan's job not in jeopardy - Presidency

01/03/2016 - 09:09
Johannesburg - Finance Minister Pravin Gordhan's job is not in jeopardy, the Presidency said on Monday (29 February). read more
Transfer pricing drains us of tax blood

Transfer pricing drains us of tax blood

10/11/2015 - 10:22
Transfer pricing by multinationals has cost South Africa an estimated R250 billion over three years and, with it, lost tax revenue. read more
Sars boss: Paying taxes is a patriotic act

Sars boss: Paying taxes is a patriotic act

08/09/2015 - 07:55
Cape Town - African patriots, both on the continent and part of the diaspora must do what they can to assert the rising of the continent, according to SA Revenue Service (Sars) commissioner Tom Moyane. read more
Nene says revenue growth ‘remains resilient’

Nene says revenue growth ‘remains resilient’

10/04/2015 - 09:08
The South African Revenue Service (SARS) has collected R986.4bn in tax revenue in the 2014-15 financial year, which ended on March 31, supported by growth in personal income tax revenue. read more
Corporate tax lifts head from recession

Corporate tax lifts head from recession

05/11/2014 - 09:15
Pretoria - The levels of corporate income tax (CIT) collected by the SA Revenue Service (Sars) are only now beginning to recover from the 2008 financial crisis, Sars said on Tuesday. read more