The South African rand hit its weakest point in 12 months on Tuesday (23 November) on the back of a stronger dollar and an expected hike in US interest rates.
The South African Revenue Service (SARS) says that more information on more than 75 million financial accounts, covering total assets of around R160.4 trillion, is being automatically exchanged by tax bodies around the world.
The National Treasury says it is sympathetic to the current pressures on grant beneficiaries but has warned that the current system could become unsustainable.
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to raise the repo rate to 3.75% per annum.
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses – but only under very specific circumstances.