TGS South Africa News

August 30, 2019

Be Ready For SARS Employee Audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous pressure on the South African economy. […]
August 30, 2019

Communicate with Candour – the “Oracle of Omaha” Speaks

“The CEO who misleads others in public may eventually mislead himself in private” (Warren Buffett) Companies that are sustainable in the long term are honest with […]
August 30, 2019

Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their shares, how shareholder disputes are settled and the […]
August 30, 2019

Spying On Employees Is Becoming A Big Industry

Note: As always, our employment laws being complex and the penalties for getting them wrong severe, take specific professional advice in any doubt! In a recent […]
August 30, 2019

Your Tax Deadlines for September, and an Update on Tax Season 2018/19

Your third provisional payment for the 2018/2019 tax year is due on or by 30 September 2019. This payment is voluntary, and you only need to […]
July 30, 2019

Don’t Let a Death or Disablement Destroy Your Business

The greatest need in many small businesses is for cash flow. Picture this scenario:  Three people start a business and after a few years it is […]
July 30, 2019

The Big Mac Index Says the Rand is Way Undervalued

“Our results indicate that the Big Mac Index is surprisingly accurate in tracking exchange rates over the long-term, which is consistent with previous PPP research findings” […]
July 30, 2019

If Artificial Intelligence Is Not That Intelligent, Should We Be Worried About Our Jobs?

“Real stupidity beats artificial intelligence every time” (Terry Pratchett) Artificial Intelligence (AI) is being rolled out in many guises throughout business. One instance of this is […]
July 30, 2019

SARS: Changes to the Employer Statement of Account

This form is designed so that employers can easily reconcile their payroll taxes (PAYE, UIF and SDL). These taxes have proved difficult to reconcile and this […]
July 30, 2019

Your Tax Deadlines for August 2019

Individual provisional taxpayers need to submit their first provisional form and payment by or on 30 August.  Companies with year ends in either February or August […]
June 28, 2019

How Tax Returns Will Be Easier This Year, and Should You File if You Earn Under R500,000?

“Death and taxes may be inevitable but they shouldn’t be related” (J.C. Watts Jr)” Tax season 2019 begins on 1 August (1 July for taxpayers who […]
June 28, 2019

Business Rescue Options: Going the Informal Route v the Companies Act Route

The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a […]
June 28, 2019

How Many Days Did You Work For The Taxman In 2019?

“Tax Freedom Day is calculated by dividing general government revenue by GDP at market prices, then multiplying the result by the number of days in a […]
June 28, 2019

Youth Employment Tax Incentive Extended for Ten Years

There is chronic unemployment in the country and it is especially felt by the youth where up to 50% cannot find a job. The Employment Tax […]
June 28, 2019

Your Tax Deadlines for July 2019

There are only run-of-the-mill deadlines for July – 5 July – PAYE submissions and payments 25 July – VAT manual submissions and payments 30 July – […]
June 13, 2019

Mauritius

AXA Africa Specialty Risks AXA Group, a worldwide leader in insurance and asset management, launched an  event in Mauritius for its new venture named AXA Africa […]
June 13, 2019

Tunisia

GEFCO launches commercial flights The global supply chain services provider and European leader in automotive logistics GEFCO has launched regular commercial flights from Turkey to Morocco […]
June 13, 2019

Kenya

MPharma buys Haltons MPharma, the six-year old Ghanaian startup that manages prescription drug inventory for pharmacies and their suppliers, is buying Kenya’s second-largest pharmacy chain, Haltons, […]
June 13, 2019

Nigeria

Rise in innovative technology “Lagos, like other major cities such as Nairobi and Accra, is at the height of this exciting expansion in innovation across tech, […]
June 13, 2019

South Africa

Equity crowd funding Crowdfunding is having a moment in South Africa. Besides the R500 000 raised for a service station attendant who came to the aid […]
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