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Newsroom

SARS Adjusts Policies Following VAT Increase Withdrawal

SARS Adjusts Policies Following VAT Increase Withdrawal

The South African Revenue Service (SARS) has announced comprehensive measures to accommodate the withdrawal of the 0.5% VAT increase. This decision, introduced by Finance Minister Enoch Godongwana through the Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates…

Kusile Unit 6 Gives South Africa Hope Boost

Kusile Unit 6 Energizes Hope for South Africa

There is something to be happy about in a milestone of victory for South Africans because Eskom put the sixth unit of the Kusile Power Station on the country’s national grid on Sunday at 4:45 pm. The victory is taking…

ICC Tribunal Orders Cominière to Pay $42M Penalty

ICC Tribunal Orders Cominière to Pay $42M Penalty

In a decisive ruling, the International Chamber of Commerce (ICC) tribunal has ordered La Congolaise d’Exploitation Minière (Cominière), a state-owned mining company, to pay a penalty of $42,290,000 plus interest for non-compliance with emergency orders. This ruling, dated March 10,…

South Africa’s 2025 Budget: Mining Sector Hit Hard

South Africa's 2025 Budget: Mining Sector Hit Hard

The Minerals Council South Africa (MCSA) has expressed concerns following the tabling of the 2025 National Budget, which highlighted urgent fiscal measures amidst sluggish economic growth. Finance Minister Enoch Godongwana announced significant tax hikes and fiscal adjustments aimed at stabilizing…