[ad_1] The cute tycoon Edwin Sodi. (Photo: Gallo Images / Luba Lesolle) Bid mogul Edwin Sodi returned to the State Capture investigation on Tuesday, September 29, to explain a large number of payments to politicians over six years. Multi-million dollar transfers include references to ministers, vice ministers, and the ANC. …
Read More »Super Rugby teams in, Cheetahs out of PRO Rugby
[ad_1] South Africa’s four Vodacom Super Rugby franchises are set to join an expanded PRO14 competition, while the Cheetahs could enter a recently proposed Super 8 tournament, he writes CRAIG LEWIS. For all intents and purposes, the future of the Cheetahs was one of the items on the agenda when …
Read More »State capture investigation: businessman defends payments to ANC and other government officials
[ad_1] Blackhead Consulting Director Edwin Sodi testifies in the commission of inquiry into the state capture. Photo by Gallo Images / Luba Lesolle A director at Blackhead Consulting has explained the payments he made to the ANC and other government officials between March 2013 and March 2019. Edwin Sodi appeared …
Read More »Plan to cut taxes on new cars will increase sales by 28,000 vehicles, manufacturers argue
[ad_1] The new Renault TRIBER The National Association of Automobile Manufacturers of South Africa has submitted a proposal to the government, arguing for a reduction of taxes on new vehicles. He wants the carbon tax to be suspended and the ad valorem tax reduced. Lowering the tax rate to 35% …
Read More »SAA suspends all operations with immediate effect
[ad_1] South African Airways Business Rescue Practitioners (BRP) say they have made the decision to suspend all airline operations with immediate effect, while awaiting the outcome of the group’s funding problems. Administrators said on Tuesday (September 29) that while progress has been made in securing funding for the group’s rescue …
Read More »SA’s New ‘Clearly Crazy’ Official Unemployment Number: What You Need to Know
[ad_1] (Getty) South Africa’s official unemployment rate fell from 30% to 23% in the second quarter of 2020. This is mainly due to how being “unemployed” is defined. Those who were unable to find work during the confinement were not counted as unemployed. Furthermore, the sample size for the employment …
Read More »R3.5m paid to ANC in donations was not corruption
[ad_1] The company made a profit of R200 million from a R255 million contract for auditing and removal of asbestos in the Free State, and another R100 million in Gauteng. A YouTube screenshot of Edwin Sodi, director of Blackhead Consulting, testifying before the state capture commission in Johannesburg on September …
Read More »Donald Trump’s reported tax methods would be part of the course for the wealthy, experts say
[ad_1] By Reuters 13h ago Share this article: SharecheepShareShareShareEmailShare Tom bergin Washington – President Donald Trump has denied a New York Times complaint saying he did not pay income taxes for most of the past two decades, but experts said the methods he reportedly employed to lower his bill They …
Read More »ONLY IN | SAA ‘suspended’ while government still looking for money
[ad_1] A view of SAA aircraft at Cape Town International Airport on February 18, 2020. Gallo Images / Jacques Stander The airline’s business rescue professionals are effectively “stabbing” while they wait for the government to raise funds. The completion of SAA’s business rescue process will be postponed for another week. …
Read More »The rich are leaving South Africa, and this country is expected to be a major destination
[ad_1] AfrAsia Bank and New World Wealth have released the latest Global Wealth Migration Review 2020, which looks at recent wealth migration trends, while also commenting on the potential impact of the coronavirus outbreak on future wealth migration. Wealth migration figures are a very important indicator of the health of …
Read More »