Acting Sars Commssioner Mark Kingon

Mark Kingon has been at SARS for 34 years in a long and varied career that started in January 1984. On 14 March 2018, Mark was appointed as the Acting Commissioner for SARS. At the time of his appointment, he was the Acting Chief in the division called Business and...

IRBA vs IFAC

The writer is of the opinion the IRBA and all the Accounting bodies needs to answer to a national controlling body.In the same way that audit regulators worldwide have sought to increase their own independence from the profession, in order to limit the influence of...

New Tax Season deadline

Taxpayers will have until 31 October to submit their tax returns, which is three weeks shorter than usual and will increase efficiency according to acting South African Revenue Services (Sars) commissioner, Mark Kingon. “A shorter filing season allows additional time...

How to achieve Financial Independence

Research shows that 24% of millennials are currently invested in a unit trust – versus only 2% among older generations – with 57% of millennials saying they invested in a unit trust with the purpose of increasing their net worth (1st) and 47% saying they looked to...

Benefits of Shared Value

Business is driven by profit, Shared Value and how companies can use this business strategy to find where the biggest growth opportunities lies in the Shared Value approach reconnects business success with social progress, positing that it is not only possible but...

Tips on applying new 15% Vat Rate

According to the date the goods are actually delivered or made available for collection. While prices advertised are deemed to include VAT, SARS says they understand that some vendors may have difficulty changing systems and things.  Vendors will be allowed to...

Altcoin – alternative to Bitcoin

Alternative coins refer to any other cryptocurrency that isn’t Bitcoin. Based on price growth and market cap, An analysis of the top performing altcoins from 2017 points to where altcoins will be headed in 2018.   Ethereum   Seeing a massive 36 018% return...

What is Cryptocurrency – Bitcoin

Blockchain, Bitcoin, Cryptocurrency, Mining. Wherever you look on the internet you hear these terms. So where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. In very...

Bitcoin stabilizes

After four days of straight losses from Monday to Thursday, Bitcoin seems to have leveled off somewhat. However, 2018 has not started well as this marks the second week in a row of poor performances. While Bitcoiners have become accustomed to spikes and rallies, this...

Regulation of Agriculture in Africa needed

The governance processes regulating agriculture in Africa were still fraught with weaknesses. Appropriate macroeconomic policy framework was critical for the continent to foster structural transformation. “Land rights are not secure, the procurement process for inputs...

Banking license to be granted to SA Post Office

Significant progress has been made to license the South African Post Office as a fully-fledged state bank before the Post Bank becomes the primary distributor of social grants from April 2018. ANC committee on communications head Jackson Mthembu, who was speaking at a...

Independent Enquiry into Sars Revenue

The Minister of Finance has announced that the President has agreed to an independent inquiry chaired by a judge to probe why SARS is missing its revenue targets – this year it is forecast to miss budgeted tax collections by R50.8 billion and in excess of R200 billion...