South Africa’s expat tax is coming – and there’s only one way to legally avoid it. Speaking on The Money Show this week, personal financial advisor at Galileo Capital, Warren Ingram said that even though the actual rules around the tax are yet to be finalised, they are planned to come into effect in March..
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While National Treasury and SARS scramble for money, a new focus has been placed on the revenue service’s plans to tax SA expats working abroad , who could face having 45% of their earnings over R1 million fed back to government
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Who will be the next people to toi-toi in the streets? – ‘No salary increases for Mabuza and ministers’ – says Ramaphosa
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There will be no annual salary increases for the Deputy President as well as Cabinet Ministers at a time when the economy is experiencing hardships, President Cyril Ramaphosa has determined.
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The National Health Insurance (NHI): Who’s in, who’s out and how much will it cost
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The NHI was the centre of the presidential health summit. Now the pressure is mounting for Treasury to figure out how to fund it.
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The health system is in crisis, government officials admit. Now, they have just weeks to produce an initial plan on how to fix it ahead of introducing a National Health Insurance (NHI), Deputy President David Mabuza revealed this weekend.
With its namesake, President Cyril Ramaphosa was absent from the presidential health summit. The gathering drew more than 100 representatives from civil society, government, unions, academia and the private sector. Prior to the event, that was held in Boksburg, each delegate received a 21-page concept note outlining challenges within the health system — this included corruption and how the NHI will incorporate the private sector.
Solutions proposed during the meeting will now form the basis for wider consultation ahead of a public plan to turn the health system.
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So here we go again:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
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According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
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No surprise:- 5 reasons why the EFF doesn’t practice what it preaches
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The EFF has vehemently denied any accusations of wrongdoing on the part of the party or its deputy leader Floyd Shivambu in regards to the VBS looting saga.
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October fuel price outlook is a ‘major concern’ for Minister of Energy
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Increasing rand weakness against the dollar will not bode well for the fuel price in October, Minister of Energy Jeff Radebe warned on Wednesday evening.
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‘Major Concern’ Over Eskom Coal supplies – Can we expect some power cuts soon?
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Parliament’s Energy Committee says it’s concerned by reports of Eskom battling with low coal supply at six of its power stations.
It wants the power utility’s top brass to appear before the committee as soon as possible to clarify the severity of the situation.
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The SASSA crisis: Dlamini and Bhengu set to explain why they shouldn’t be held liable
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Embattled minister in the presidency for women Bathabile Dlamini and Sassa acting CEO Pearl Bhengu have been given until Monday to explain why they should not foot the bill for the CPS contract extension.
Last month, the Constitutional Court gave Dlamini and Bhengu until Monday to explain, via affidavits, why they shouldn’t be held personally liable to foot the bill for the extension of the Cash Paymaster Services (CPS) contract to continue distributing social grants.
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Ramaphosa’s presidential salary one of the highest vs other world leaders
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South Africa’s new president Cyril Ramaphosa is expected to earn a salary of R3.6 million in 2018 – easily making him one of the best paid leaders in the world.
Former president Jacob Zuma last earned a salary of just under R2.9 million, which put him comfortably within the top 20 highest paid world leaders, despite the state of South Africa’s economyduring his term in office.
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SASSA Saga: There will be chaos if CPS contract is not extended, court hears
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The South African Social Security Agency (Sassa) does not have alternative plans if the court refuses to extend the Cash Paymaster Services (CPS) contract by another six months, the Constitutional Court heard on Tuesday.
“There will be chaos,” Nazeer Cassim, the advocate for Sassa, argued before a full Bench.
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Eastern Cape ‘defies’ National Treasury
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The Eastern Cape government is under fire for allegedly approving the payment of more than R170-million on broadband services in a deal that was not authorised by the National Treasury. The province wants to connect its departments with fast internet to improve service delivery. More than 7‚100 sites had to be connected‚ the Daily Dispatch..
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Mandela funeral funds official caught up in tender row
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A senior Eastern Cape official implicated in the looting of state funds earmarked for Nelson Mandela’s memorial and funeral services is embroiled in a new controversy over an unauthorised tender worth R171-million. Marion Mbina-Mthembu, director-general in the Office of the Premier, applied to the National Treasury to deviate from normal tender processes in awarding an..
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Grand-scale corruption at PRASA covered up by treasury
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For almost a year, National Treasury has kept the lid on almost 200 investigations into PRASA contracts which show that up to R2.5 billion was siphoned off in contracts which should never have been signed. The investigations, into contracts worth R10 million or more, were ordered by former Public Protector Thuli Madonsela following her 2015..
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ConCourt wants Sassa to explain alternative grants payment scheme
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The Constitutional Court has asked the South African Social Security Agency (Sassa) to provide reasons why an alternative payment scheme, recently suggested by its expert panel, is feasible. The alternative payments scheme was suggested two weeks ago by the expert panel set up by Sassa and Black Sash under the supervision of the court. In..
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Sassa and Sapo agreement date pushed back yet again
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The striking of the elusive deal between the South African Social Security Agency (Sassa) and the South African Post Office (Sapo) has been pushed back yet again. MP’s at a joint meeting in Parliament on Tuesday heard that an offer to the Post Office to build an integrated IT payment system for a new “hybrid”..
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