NewsSouthern Africa

Tue,25Sep2018

Southern Africa

ITV: Paul Mashatile, Treasurer general, African National Congress, South Africa

 

J. Hoffmann/foto24/gallo images/getty imagesOne of the ANC’s top officials, Mashatile talks to The Africa Report about the need to eliminate the rot in government and corruption in the party ahead of elections planned for next year

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South Africa | Work, rest and play

SATORI AFRICA
Overberg literally means “over the mountain”, and heading to the Overberg Highlands for a yoga retreat certainly felt like a mental leap, leaving city stresses behind in the 90-minute drive from Cape Town. But, tranquil and isolated though it is, the Drift Farm Homestead is no ashram. It’s a working organic farm and winery, making it the perfect location for one of Satori Africa’s wellbeing breaks, which combine restorative practice with the good things in life – even wine, in moderation.

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China/Africa: New departures

 

China3Chinese bankers, builders and thinkers focused on Africa. African presidents, financiers and planners working with China

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South Africa may miss tax take target, says finance minister

South Africa Finance Minister Nhlanhla Nene, left, delivers the annual South Africa budget speech to Parliament in Cape Town, South Africa, Wednesday, Feb. 25, 2015. Photo: Schalk van Zuydam/AP/SIPASouth Africa's tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday.

 

 

 

 

 

The country entered recession in the second quarter for the first time since 2009.

Nene said tax avoidance and evasion would rise in any economy that was growing slowly and where taxes have been increased, and the recession would only worsen matters.

"There is now additional downside risk to the tax revenue projected at the beginning of the year because of the contraction in the economy," Nene told a tax conference.

Fixing economy is critical

"Fixing our economy to ensure that it grows faster and in a more sustainable manner is therefore critical."

Nene also cited problems experienced by the South African revenue service (SARS).

President Cyril Ramaphosa suspended its commissioner Tom Moyane in March over alleged misconduct during the previous administration of Jacob Zuma, establishing an inquiry into the allegations two months later. Moyane has denied wrongdoing.

 

South African farmers play chicken with Trump tariffs

President Donald Trump pauses while speaking during a dinner for evangelical leaders in the State Dining Room of the White House, Monday, Aug. 27, 2018, in Washington. Photo: Alex Brandon/AP/SIPAHerman Pretorius is just the kind of white South African farmer U.S. President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers".

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May wants UK to be G7's 'number one' investor in Africa

British Prime Minister Theresa May, left, meets with South African President Cyril Ramaphosa in Cape Town, South Africa, Tuesday, Aug. 28, 2018. Photo: AP/SIPABritish Prime Minister Theresa May announced a new ambition to boost investment in Africa at a news conference in Cape Town on Tuesday (August 28).

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