With tax season now officially open for individuals, millions of people around the country will begin filing their returns. One important point to be aware of is the understatement penalty regime which was introduced to replace the additional tax regime in 2012, says Esther Geldenhuys, senior associate at Werksmans Attorneys.
The South African Revenue Service (SARS) is taking steps to improve the service delivered to taxpayers with the release of the Service Charter which outlines taxpayers’ rights and responsibilities as well as service standards they can expect from the agency.
South African billionaire Christo Wiese will reduce his stake in Africa’s biggest supermarket chain by about R3.8bn as the businessman most stung by the near collapse of Steinhoff boosts his liquidity.
"About 2 000 members of the Fawu working at the Choppies supermarkets in five provinces will embark on a legal national strike action as from 06h00 on Tuesday, 24th April 2018 in pursuit of wage demands for the bargaining period of the 2018/19 financial year," general secretary Katishi Masemola said.
Shoprite CEO Pieter Engelbrecht says a merger would not make sense now. The two South African retailers were natural bedfellows. They shared a billionaire shareholder and chairman and each had plans for European expansion.
