Category: Government

In terms of the amendment to section 72 of the Value-added Tax Act 89 of 1991 (the VAT Act), which came into operation on 21 July 2019, Binding General Ruling No. 12 (Issue 3) dated 16 March 2020 (BGR 12) will cease to apply on 1 January 2022. BGR 12 contains a decision made under section 72 of the VAT Act, which expires on 31 December 2021 (the Decision). The…

General disclaimer These tutorial videos are provided to help taxpayers understand their obligations and entitlements under the tax Acts administered by the Commissioner for SARS. They provide general assistance, are simply expressed and may provide step by step guidance that does not cover all possibilities. Generally, they do not address a taxpayer’s specific circumstances. For…

A presentation from SEFA (Small Enterprise Finance Agency) on funding models and criteria eligibility for accessing funding. Their contact details appear on the last slide of the presentation.

Government has launched a Business Loss Registration Portal for the registration of businesses that were affected by the unrest which took place during 9-19 July 2021 in KwaZulu-Natal, Gauteng and other affected areas in the country. Attached below are the press release and fact sheet with further details on the portal. This Portal aims to…

South Africa’s gross domestic product (GDP) increased by 1,2% in the second quarter of 20211. The transport, storage and communication industry increased by 6,9% in the second quarter, and made the largest contribution to GDP growth, namely 0,5 percentage points. Increased economic activity was reported for land transport and communication services. The personal services industry…

Employment and Labour minister Thulas Nexsi has established a temporary relief scheme aimed at giving relief to vulnerable workers impacted by the recent looting and unrest. In a government gazette published on Tuesday (10 August), Nxesi said that the relief will be given to those who are unable to work because of the closure of…

The Department of Small Business Development is calling on all small enterprises and informal traders whose businesses were looted or vandalised during the July 2021 unrest to apply for the Business Recovery Support Packages. Business Recovery Programme Uninsured small enterprises impacted by the unrest. Small enterprises which require funding for working capital, equipment, and furniture….

Parliament, Sunday, 6 June 2021 – Questions to President Cyril Ramaphosa, a debate on youth day and policy debates on budget votes are among agenda items featuring in the programme of the National Council of Province (NCOP) this week. The NCOP is the only House which will be continuing with its programme as the National Assembly…

 Parliament, Friday 4 June 2021 – The National Assembly has at its hybrid plenary sitting this afternoon adopted the Special Appropriation Bill and Appropriation Bill.  The Appropriation Bill officially allocates money from the National Revenue Fund (NRF) to provide for requirements of the state for the 2021/22 financial year as required by Section 213 of the Constitution and section…

Trade and Industry minister Ebrahim Patel says that more needs to be done to promote black industrialists and small businesses in South Africa. Presenting his departmental budget speech on Tuesday (18 May), Patel said that government will now look at reviewing and enforcing Black Economic Empowerment (BEE) regulations to improve outcomes. “Though we have made…