Category: Sales

The South African Gross Domestic Product (GDP) contracted by 1.4% in the fourth quarter of 2019, Statistics South Africa (Stats SA) has revealed, putting the country into a technical recession.After two successive quarters of negative growth, South Africa has entered… Read more

The petrol price will again come down by between 19 and 54 cents a litre this week.The Department of Mineral Resources and Energy has announced a 19 cent decrease in the price of 93 (ULP and LRP) and 95 (ULP… Read more

South Africa is participating in the annual Prospectors and Developers Association of Canada (PDAC) Trade and Conference show currently underway in Canada. Led by Mineral Resources and Energy Minister Gwede Mantashe, government is participating in the conference that got underway… Read more

Health Minister, Dr Zweli Mkhize, says amid a difficult period for the fiscus, the department will focus on revitalising the health sector with the resources that are available. Mkhize said this when he reacted to Finance Minister Tito Mboweni’s Budget… Read more

South African Revenue Service (SARS) Commissioner Edward Kieswetter has warned that the revenue authority will not tolerate any transgressions of tax and customs laws. The revenue service is ready to act firmly and professionally with those that engage in these… Read more

Cape Town, South African Revenue Service (SARS) Commissioner Edward Kieswetter has warned non-compliant taxpayers and traders that the revenue authority will not tolerate any transgressions of tax and customs laws. The revenue service is ready to act firmly and professionally… Read more

Gauteng Premier, David Makhura has announced a plan to create jobs and promote economic growth through ten high growth sectors.Speaking at the official opening of the provincial legislature on Tuesday 25, February 2020, at the Sefako Makgatho Health Sciences University… Read more

Despite a tough economic climate and a revenue shortfall of R63 billion, Finance Minister Tito Mboweni has announced tax measures that will give consumers some room to breathe. For example, a teacher who earns on average R460 000 a year… Read more

South Africa’s economy is expected to grow by 0.9% in 2020, National Treasury said on Wednesday. This is a downward revision from the 1.7% projection made in the February 2019 budget. In its budget review just over a year ago,… Read more

From next month, consumers buying property valued at less than R1 million will no longer be required to pay transfer duties, the National Treasury announced on Wednesday. This comes after the National Treasury announced in 2017 that home buyers and… Read more