The South African Revenue Service (SARS) has issued a stern warning to businesses that failed to comply with the rollback of a VAT increase initially set for May 2025. Companies that charged the higher rate despite the government’s reversal may soon face penalties and audits. The controversy stems from a chaotic budget season between March
A major legal storm is brewing in South Africa’s financial sector, as the country’s biggest banks face a staggering R60 billion class action lawsuit. Thousands of former homeowners allege their properties were seized and auctioned off for a fraction of their true market value. The lawsuit, which dates back to 2017, is now inching closer
Apple fans have something new to look forward to: the much-anticipated iOS 26. Officially unveiled at the Worldwide Developers Conference (WWDC) 2025 on June 9, the next iPhone operating system promises major updates that aim to redefine the user experience. When Can You Get iOS 26? Following its announcement, Apple wasted no time making the
South Africa is bracing for a major setback in fuel prices following escalating tensions in the Middle East. The sudden conflict has shaken global oil markets and hammered the rand, potentially reversing recent gains in local fuel price recoveries. According to the Central Energy Fund (CEF), by mid-June, fuel prices were expected to decrease slightly
South African motorists might have more reasons to smile as early petrol price predictions for July 2025 show positive signs. Recent data suggests that fuel prices could see another welcome drop, continuing the trend from June. Just last week, drivers across South Africa enjoyed significant reductions in both petrol and diesel prices. The latest numbers,
South Africa’s decision to close a major tax loophole used by global e-commerce giants Shein and Temu is beginning to pay off, according to local fashion retailers Mr Price and TFG (The Foschini Group). Last year, the South African Revenue Service (SARS) ended the “de minimis” rule, which allowed overseas sellers to ship goods under
More good news for petrol prices is emerging as early data points to another round of fuel price cuts in July. South Africans may soon breathe easier at the pumps, thanks to positive trends in both global oil markets and the rand-dollar exchange. According to new figures from the Central Energy Fund (CEF), motorists are
South African motorists and businesses received welcome news in June 2025: a significant drop in petrol and diesel prices across all provinces. This reduction offers relief amid ongoing economic challenges and fluctuating global oil markets. In this article, we’ll delve into the specifics of the price cuts, explore the factors driving these changes, and discuss
The South African Social Security Agency (SASSA) has announced the approval of the R3,070 grant for June 2025, providing significant financial relief to eligible citizens. This guide offers a detailed overview of the grant, including eligibility criteria, application procedures, payment methods, and important dates. Understanding the R3,070 SASSA Grant The R3,070 grant is part of
Eastern Cape workers have been dealt another harsh blow as global tyre giant Goodyear announced plans to shut down its manufacturing plant in Kariega (formerly Uitenhage), South Africa. The company has launched a Section 189A consultation process, signalling the likely closure of its only local production facility—operational since 1947. The decision will directly affect around