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Brace for change as government works to protect the local economy. 00:01
SA has entered the realm of export taxes. Image: Simon Dawson, Bloomberg
South Africaâs business community should brace itself for several changes to the current guidelines and regulations in the customs and excise policy framework.
It is expected that SA will see more ‘lobby-type’ anti-dumping and tariff investigations as government becomes more supportive of protecting the local economy, says Caroline Rheeder, associate director at Cova Advisory & Associates.
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You’ll now pay R313 tax every time you fill up with petrol
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South Africans can expect to pay significantly more at the petrol pumps from Wednesday (7 April), with fuel price increases and new taxes taking effect.
A large portion of South Africa’s petrol price is made up of levies, with the General Fuel Levy (GFL) and the Road Accident Fund Levy (RAF) taking up the biggest chunks.
Increases to these taxes were announced by Finance minister Tito Mboweni in his February Budget speech, with the levies charged on every litre of petrol sold.
With effect from 7 April 2021, the Fuel Levy in the price structure of petrol and diesel will therefore amount to 393.0 c/l and 379.0 c/l respectively.
India back to positive growth but Covid-19 still poses a downside risk, says IMF s Gita Gopinath | Exclusive
India has returned to positive growth but Covid-19 still poses a downside risk, IMF s Chief Economist Gita Gopinath tells India Today TV and AajTak News Director Rahul Kanwal in an exclusive interview.
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UPDATED: April 8, 2021 10:06 IST
IMF Chief Economist Gita Gopinath speaks in her office during the Spring Meetings of the World Bank Group and IMF in Washington, US. (File photo: Reuters)
The International Monetary Fund (IMF) has
India Today TV and AajTak News Director Rahul Kanwal spoke to IMF s Chief Economist Gita Gopinath over the basis of the projection, what lies ahead and many other relevant issues, especially when a second Covid-19 wave is sweeping across the country. Excerpts from the interview:
Historical debt refers to the outstanding tuition fees that students owe to universities.
A sectoral analysis from 2019 found students owed universities almost R10-billion, calculated after the Department of Higher Education and Training had paid almost R1-billion to settle debts incurred by more than 50,000 students funded by the National Student Financial Aid Scheme (NSFAS).
Students have called for this debt to be waived or put on ice.
At the University of Cape Town (UCT), more than 1,600 students owe R88-million. About 8,000 University of Witwatersrand (Wits) students reportedly owe more than R1-billion. The University of the Western Cape (UWC) has more than R400-million in historical debt and the University of Free State (UFS) about R300-million.
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