The South African Revenue Service (SARS) has now shifted its focus to the R90 Billion taxi industry, which last year paid only about R5 million in taxes. The R5 million tax from last year paid by the industry, cannot even be the income tax of one province’s minibus taxis, and as a result there was a huge outcry in the media and on social media.
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SARS Looking at R90 Billion Taxi Industry to Further Increase its Increased Tax Revenues…
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13.8 million people in SA, are living on less than R19 a day, according to the 2019 Household Affordability Index
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According to the latest Household Affordability Index compiled by the Pietermaritzburg Economic Justice and Dignity Group (PMBEJD), more than half of SA’s population live on less than R41 a day. The September 2019 Household Affordability Index shows that more than half of the population are living on less than R1 230 a month. The Index..
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It would take the ANC a thousand years to pay off debt if they were able to repay R100 per second
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The state’s ability to pay off its debt seems almost impossible. According to Center for Development and Enterprise (CDE) spokeswoman Ann Bernstein, it would take the state 1,000 years to settle its debt if they were able to repay R100 per second. The gap between income and expenditure since 2009 is the main reason for..
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Eskom nearing collapse, senior officials jump ship
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Eskom, South Africa’s national power utility, may be unable to avoid a complete restructuring process in order to avert total collapse. This has been confirmed by the National Energy Regulator of South Africa (NERSA), high-level executives within the company and energy experts. According to a report by Moneyweb, Eskom only narrowly avoided load-shedding this week,..
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It pays to be a criminal in South-Africa since unemployed ex-offenders will now receive a social grant for a transitional period after serving their sentences
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South Africa’s prison authorities have proposed paying unemployed ex-offenders a social grant for a transitional period after serving their sentences. The grant would provide thousands who re-enter society every year with some income while they try to put their lives back together. Ex-offenders with a criminal record find it hard to reintegrate into society when..
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