SARS has introduced some changes to the auto assessment process this year to make it easier for taxpayers to file their income tax returns, says Joon Chong, partner at Webber Wentzel.
The ongoing war in Ukraine, intensifying international sanctions and adverse local weather all point to South Africa seeing higher prices and inflation levels for longer than originally forecast.
Consumer prices in South Africa are skyrocketing due to a perfect storm of Covid restrictions, the Ukraine war, logistics issues and a Chinese economic slowdown.
Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation was 6.5% in May 2022, up from 5,9% in April 2022.
South Africa's labour unions are in discussions with the government to equalise minimum wages across all sectors.
The US Federal Reserve's decision to hike interest rates by 75bp on Thursday reinforces the likelihood of higher rate hikes in South Africa, says Investec chief economist Annabel Bishop.
As people get ready to file their taxes in South Africa, cybercriminals are getting ready too, says Aamir Lakhani, global security strategist and researcher at Fortinet.
New sales data shows that the South African shoppers have undertaken some big shifts since the onset of the Covid-19 pandemic in March 2020 - including where they shop and what they buy.
Concerns about rising food prices are making the headlines across the world as pressures mount in the wake of Russia’s invasion of Ukraine. The war has driven up prices of commodities, including wheat, which is a staple food in many…
South Africa's retirement industry does not believe that Treasury will be able to implement South Africa's new two-pot retirement system by March 2023, as it involves ‘an enormous amount of work’.
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