The South African Revenue Service was a fraction of a percentage off its estimates in tax collection for the 2017/18 financial year, collection R1.216 trillion – 0.06% lower than the estimate of R1.217 trillion. Despite the slightly lower collection, revenues were up 6.3% from the 2016/17 financial year, with the taxman collection R72.4 billion more.
Ramaphosa Concerned By Gigaba Lying Ruling
President Cyril Ramaphosa has expressed concern at a recent court ruling that found Home Affairs Minister Malusi Gigaba violated the Constitution by lying under oath. Fireblade Aviation had sued Gigaba for allegedly going back on his undertaking to make officials available to Fireblade to staff its customs and immigration facility. Gigaba denied that he had approved the terminal, but the court found against him. The court stated that Gigaba had violated the Constitution and denied him the right to appeal.
Pam Golding Dies
Residential real estate business leader Pam Golding has passed away at the age of 90. She has been lauded for building one of the largest estate agencies on the continent, Pam Golding Properties. Pam Golding Properties boasts a network of more than 300 offices in sub-Saharan Africa as well as offices in the UK, Germany, Mauritius and Seychelles. The group also facilitates property sales and residency in Spain and Portugal, as well as property sales in the US.
Mark Lamberti In Sexism And Racism Scandal
The High Court in Johannesburg is yet to quantify the amount of money payable to a former Imperial Holdings manager after it found she was racially discriminated against. The court found that Lamberti and Imperial’s actions impaired Chowan’s dignity and that she was “extremely upset, humiliated, degraded and objectified in terms of being a female empowerment equity candidate” without recognition of her status as a professional qualified chartered accountant with extensive experience.
New DSTV Prices Up By Up To 6%
Broadcaster MultiChoice have adjusted their DStv prices which taken effect from the 1st of April 2018. MultiChoice promised that the company had tried its best to keep subscription fees down in 2017, despite the tough economic climate. The company added that it did not hike its prices in accordance with the VAT increase from 14% to 15%.
Spotify Lists On Wall Street
It took more than three hours on Tuesday morning to get Spotify trading publicly, in a stock sale as unorthodox as streaming digital music once seemed. Spotify Technology SA’s shares — sold via a direct listing rather than a traditional IPO — finally opened well after midday at $165.90 apiece in New York, with 5.6 million shares changing hands at that initial price, according to data compiled by Bloomberg.
Steinhoff Slashes Value Of European Property Portfolio
Steinhoff has announced that the true value of real estate interests owned by one of its European subsidiaries may be €1.1bn (about R16bn) less than previously calculated. The Stellenbosch-headquartered conglomerate said in a market announcement on Tuesday evening that commercial real estate advisory group CBRE had valued the real estate portfolio of its subsidiary Hemisphere International Properties at “approximately €1.1bn”. This is half the company’s previous estimate of €2.2bn.
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