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South African taxpayers have nowhere left to hide

25 February at 13:12 PM, via Daily Investor

SARS has confirmed that offshore financial secrecy is effectively over, with expanded global automatic information sharing making it increasingly difficult for taxpayers to hide undeclared foreign assets or income.

Eskom plays chicken with the World Bank

25 February at 12:31 PM, via Daily Investor

Eskom, the world’s biggest emitter of the toxin sulfur dioxide, presented a study that argues against the cost of installing equipment to limit emissions, risking a breach of a World Bank loan agreement and riling environmental activists. 

South Africa’s luxury estates face a hidden risk

25 February at 12:11 PM, via Daily Investor

Many of South Africa’s luxury residential estates face rising financial and legal risks because their governance structures have not kept pace with asset growth, infrastructure demands and stricter HOA oversight.

John Steenhuisen warns of 15,000 job losses in South Africa

25 February at 11:19 AM, via Daily Investor

Agriculture Minister John Steenhuisen has warned that the collapse of Tongaat Hulett puts thousands of jobs at risk, with around 40,000 livelihoods depending on the supply chain linked to the company’s mills.

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