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...

Spotlight on Growth and Success

As professional accountants, we have a key role to play in changing the perspective of business owners and this can be achieved in a number of ways. We’re encouraging clients to dig deep into the financial histories of their clients so that a spotlight can be put on...

Combat tax evasion in Africa

Yaounde Declaration to: Recall the commitment of the Addis Ababa Action Agenda to redouble efforts to substantially reduce illicit financial flows by 2030 and  affirm that sustainable development and good governance are among the seven African aspirations of the...

Global Tax crime

08/11/2017 – More than 200 global tax and economic crime experts have identified key areas for international action following the Fifth OECD Forum on Tax and Crime, in London. In a week dominated by media coverage of offshore issues, the Forum brought experts on...

Account Arrears Notices from Sars error

It has come to our attention that some of your clients may have received letters and SMS messages from SARS alerting them to debt that is in arrears. In most cases, this is not factual. SARS has issued a notice to the RCBs regarding this issue which states the...

National Treasury Update

PROGRESS UPDATE ONLINE BUDGET DATA PORTAL National Treasury in partnership with Civil Society Organisations is developing an online budget data portal. The creation of the online budget data portal is in line with National Treasury’s continued commitment to...

Affordable Routes to Dual Citizenship

South Africa’s current political and economic climate has given rise to concerned, less wealthy individuals seeking these options as a necessary ‘Lifestyle Hedge’ or ‘Plan B’. **Note: The below figures are based on costs for a family of 4 (main applicant, spouse and...

South African Tax Guide

Saica: Summary of budget proposals – http://www.sataxguide.co.za/saica-summary-of-budget-proposals/ SAICA 2016 BUDGET SUMMAR – http://www.enslins.co.za/news/2016BudgetSummary.pdf

Toshiba Corp off a special watch list

The Tokyo bourse has taken Toshiba Corp off a special watch list following a 2015 accounting scandal. The bourse cited improved internal controls for its decision, in a move that lessens, but does not completely remove, the risk of a delisting for the embattled...

The effective management of risk

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail, is not taking any risks.” – Mark Zuckerberg Risk, due to the uncertainty it relates to, is a term that is sometimes feared and sometimes...