More amendments on the table to get SA off the grey list
One of the amendments will allow Sars to share taxpayer information with a wider range of government agencies.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreOne of the amendments will allow Sars to share taxpayer information with a wider range of government agencies.
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
The FIC’s intelligence reports contributed to the recovery of more than R5.8bn in criminal proceeds in 2022/23.
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
The ombud’s office is a crucial mechanism for ensuring fairness, accountability, and transparency in the tax system, finance ministry says.
But will this have unintended adverse consequences for the profession?
The Centre has launched a new forensic unit to assist law enforcement combat complex money-laundering cases.
Intellidex cautions against putting false confidence in exact numbers of the economic impact of grey-listing.
Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.
Grey-listing reduces a country’s GDP growth by between 0.5% and 1.5%, says economist Iraj Abedian.
Treasury expects grey-listing will have ‘a limited impact’ on financial stability and the costs of doing business with South Africa.
Finance minister sets the threshold above which transfers must be reported to the FIC.
New chairperson is currently the head of group finance: governance and risk compliance at Transnet.
Opposition parties criticise rushed process and impact on NGOs.
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.