VAT fraud involving the export of illegal gold cost the South African fiscus tens of billions of rands, according to the SA Revenue Service. The details have emerged in a highly sensitive tax case that exposes a shadowy underworld of Krugerrands, scrap jewellery, illegal mining and fake invoice.
One of the country’s biggest municipalities must pay a R500 000 fine for contempt of court after bungling the implementation of an order to fix an electricity billing complaint.