In trying to limit the spread of COVID-19, policymakers globally have the difficult task of balancing the positive health effects of lockdowns against their economic costs, particularly the burdens lockdowns impose on low-income and food-insecure households. In the case of South Africa, the lockdown policies are relatively stringent, and the economic impacts large.
South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
South African Revenue Service (SARS) Commissioner Edward Kieswetter says tax revenues are expected to fall by between 15 and 20% this year, which is about R285 billion. Kieswetter was addressing Parliament’s joint committee, during a virtual briefing on the revenue service’s strategic plan and annual performance.
The expected lifting of lockdown restrictions in South Africa at the end of the month is unlikely to result in a resumption of sport and will add to frustrations in a country besotted with both football and rugby.
The South African Revenue Services (SARS) will on Wednesday announce its preliminary results of revenue collection for 2019/2020.
Former rebel leader Riek Machar was sworn in as South Sudan’s first vice president on Saturday as part of a unity government with his former adversary President Salva Kiir, a tentative step toward peace after years of civil war ravaged the oil-rich yet impoverished nation.
Deputy Minister of Human Settlements, Water and Sanitation, David Mahlobo says communities must pay for municipal services.
The office of the Public Protector, Busisiwe Mkhwebane, is considering referring High Court judge, Sulet Potterill, to the Judicial Services Commission.
The .ZA Domain Name Authority ( ZADNA) says it is embarking on an awareness campaign to educate many South Africans about the importance to use a local domain to register their websites.
The South African Revenue Services (Sars) says power cuts and lower economic growth have resulted in lower revenue collection for 2018/19.