5 important things happening in South Africa today
·9 Apr 2019
Here’s what is happening in and affecting South Africa today:
- SARS’ new boss is seeking to come down hard on tax evaders while he tries to clean up the mess left in the wake of his predecessor. The new tax head said SARS will put those who’ve flown under the radar in the spotlight, get past and present taxes out of them, and prosecute them without fear or favour. [City Press]
- Estimates of how many South Africans have left the country for better prospects elsewhere range between 900,000 and 2.7 million – however the Homecoming Revolution notes that as many as 400,000 skilled professionals have returned. [702]
- ANC elections head Fikile Mbalula says the party’s election list is not set in stone, and can be changed. He said it is now up to the party’s ethics committee to determine which names, if any, need to be taken off the list – and the recommendations would be implemented. [ENCA]
- South Africa’s lagging economy is one of the major reasons for the World Bank cutting its growth prospects for Southern Africa as a whole from 3.3% to 2.8% for 2019. The regions other big economies, being Nigeria and Angola, are also suffering slowdowns, the bank said. [Reuters]
- South Africa’s rand weakened slightly on Monday, struggling to regain the momentum that lifted it to a five-week best as traders opted for caution with key local economic indicators due later in the week and offshore risks still uncertain. On Tuesday the rand was at R14.13 to the dollar R18.47 to the pound and R15.92 to the euro.
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