Say goodbye to SARS as you know it

SARS plans to modernise its systems under new commissioner Dr Johnstone Makhubu through major digital upgrades and a VAT overhaul aimed at improving taxpayer experience, boosting compliance, and increasing revenue. View online Tuesday, 12 May 2026 Your daily update Say goodbye to SARS as you know it SARS plans to modernise its systems under new commissioner Dr Johnstone Makhubu through major digital upgrades and a VAT overhaul aimed at improving taxpayer experience, boosting compliance, and increasing revenue. New BEE rules will drive investors away from South Africa Uncertainty around proposed BEE amendments could drive investment away from South Africa's manufacturing sector. From 21.1 cents to R26.52 for a litre of petrol The price of petrol has skyrocketed in South Africa, particularly after the hikes seen in April and May 2026. Woolworths versus Beyers – The battle that pushed an iconic South African chocolate producer into liquidation The battle between Woolworths and Beyers Chocolates, founded in 1987 by Kees Beyers, has led to the manufacturer entering liquidation. Business and Technology News The man who put a big smile on Johann Rupert’s face Vodacom's annual results for the year ended 31 March 2026 reveal why Remgro was happy with its R12.6 billion Maziv deal. Government dumping 801 unused properties in South Africa The Department of Public Works and Infrastructure has identified 1,348 non-essential state properties for disposal—801 of which have been approved for the next steps in the process. Must read Cape Town spent R1 billion on consultants in one year – a 758% increase in a decade The City of Cape Town spent R1.002 billion on consultants in the 2025 financial year, an increase of 785% in a decade. MultiChoice under siege as R4 billion penalty looms MultiChoice could face full-blown prosecution in South Africa over a 2014 agreement signed with the company that manufactured many of its decoders. R300 billion in tax revenue disappears every year SARS estimates that South Africa’s illicit economy now accounts for up to 15% of GDP and costs the fiscus as much as R300 billion in lost annual tax revenue. Calm before the storm for critical South African industry South Africa's manufacturing sector saw slight signs of growth in April, but the long-term sustainability of this expansion is being questioned. More stories

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