NewsSouthern Africa

Fri,22Jun2018

Southern Africa

South Africa's cabinet considering expanding zero-rated VAT basket

01032018SouthAfricaSouth Africa's cabinet may expand the basket of zero-rated value-added tax (VAT) items after it was hiked by 1 percentage point in last week's budget, the minister of communications said on Thursday.

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Sibanye says clears most illegal miners from gold shafts

Sibanye-Stillwater's Beatrix mine near Welkom, South Africa. Photo: AP/SIPAPrecious metals producer Sibanye-Stillwater arrested nearly 1,400 illegal miners at its South African gold shafts last year in a blitz the company says has mostly ended the practice at its mines.

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Eskom says coal supplier Optimum mine starts business rescue proceedings

Monday, Nov. 21, 2011, the cooling towers at Eskom's coal-powered Lethabo power station are seen near Sasolburg, South Africa.Photo: Denis Farrell/AP/SIPASouth African power producer Eskom said on Thursday the Optimum coal mine, which is owned by the Gupta family and supplies one of the utility's power stations, had started business rescue proceedings.

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Drought-hit Cape Town cuts water useage as 'Day Zero' looms

In this Friday, Feb. 2, 2018 photo a woman throws away used water in an informal settlement near Cape Town. Photo: Bram Janssen/AP/SIPAA tough water-saving regime and the generosity of farmers have given South Africa's main tourist hub welcome respite from a severe drought and helped push back a dreaded "Day Zero" when Cape Town's taps are expected to run dry.

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South Africa to raise VAT for first time in 25 years to plug budget hole

South Africa's new President, Cyril Ramaphosa, center, arrives at parliament in Cape Town, South Africa, Friday, Feb. 16, 2018. Photo:Nasief Manie/AP/SIPASouth Africa will increase value added tax (VAT) for the first time in over two decades, the Treasury said on Wednesday, as new President Cyril Ramaphosa's government aims to cut the budget deficit and stabilise debt after years of slow economic growth.

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South Africa's tourism sector needs to try harder

Beach huts at Muizenberg, Cape Town, where hotel occupancy is relatively high - MATTES René/hemis.fr

Despite its great potential for job creation, South Africa’s tourism sector has been hard hit by short-sighted visa policies and a cash-strapped domestic market

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