Author: Staff Writer
The South African Revenue Service (SARS) has received a total 161,607 tax directive applications for in two-pot system. This includes the directives which have been cancelled. 159, 853 relates to Savings Withdrawal Benefits, which is 98.9% of the total number of applications received from Sunday 1 to 10 September 2024, which means SARS received an average of 17,964 tax directive applications a day. Gross amount of the lumpsums for the applications received totals R4.1 billion. SARS Commissioner Edward Kieswetter said contributions made to a pension or retirement fund were not taxed at the time of payment to the fund but…
The uptake of electric vehicles (EVs) has taken centre stage as the most viable means to reduce greenhouse gas emissions around the world. In South Africa, the race to shrink the transport industry’s carbon footprint is no different. However, the local automotive ecosystem’s sluggish transition to low-emission alternatives means its sizable contribution to GDP hangs in the balance, says GoMetro CEO, Justin Coetzee. His view is that commercial players and government bodies can both do more to safeguard the industry. In 2023, 75.5% of vehicles produced in SA were exported to the UK and EU, according to the Automotive Business…
With the festive season fast approaching, road safety concerns are on the rise. This year, the Department of Transport reported a staggering 1,184 fatalities over the 2023/24 festive period. Aligned with its mission to challenge injustice, inDrive announced today the introduction of a new in-app call feature, alongside other innovative safety measures, aimed at ensuring a safer e-hailing experience this festive season. Expanding its reach, inDrive recently launched in seven additional cities across South Africa, bringing the total to 16, with new operations in Bloemfontein, Mahikeng, Emalahleni (Witbank), Kimberley, George, Vereeniging, and Potchefstroom. These safety upgrades come at the perfect…
During the 2024 Summit of the Forum on China-Africa Cooperation, Huawei and Standard Bank South Africa (SBSA) signed a strategic cooperation agreement, to accelerate digital transformation of the financial sector and enhance South Africa’s ability to continue growing its digital industries. Jason Cao, CEO of Huawei Digital Finance BU, gave the welcoming address which set the scene for the day’s discussions. He spoke about the established relationship between Huawei and SBSA, Africa’s largest bank, in several countries. He said, “We are signing an agreement for the future because we share a common goal of achieving excellence. Huawei’s cutting-edge technologies and…
As Apple prepares to launch the iPhone 16, cybercriminals are already exploiting the hype with scams targeting eager fans. Widely regarded as the most anticipated tech event of the year, the release has fans poised to acquire the latest high-tech gadget. However, Kaspersky researchers have discovered that threat actors are luring users with fake pre-orders, early-adopter offers, and bogus technical support — all packaged in convincing websites that lead only to financial losses and disappointment. The new iPhone 16 is set to be unveiled during the “Glowtime” event on Monday, September 9, 2024, with official invites for the event sent…
South Africa faces a stark reality: a significant literacy gap hinders the nation’s progress. With eight out of ten children unable to read proficiently by age ten, the path forward demands innovative solutions and unwavering commitment to learning. Literacy is more than just the ability to decipher words on a page; it is the bedrock upon which individuals, communities, and nations are built. It is the key that unlocks a world of opportunity, empowering people to pursue their dreams, engage critically with the world around them, and contribute meaningfully to society. The consequences of illiteracy are far-reaching and devastating. Without…
Under Armour is all in on running, pushing the limits with cutting-edge tech and athlete-driven designs to fuel performance. Firm believers in getting in the trenches with athletes, this year is no different as Under Armour is announced as 2024’s OUTsurance Gun Run technical sponsor, with the official OUTsurance Gun Run shoe being the Under Armour Infinite Elite. An athletes aim for victory depends on more than just preparation and determination, it also relies on the technology on the soles of their feet. Over the last decade, there’s been a technological revolution in running, powered by shoe technology that can…
Nasdaq-listed Align Technology has partnered with the University of Pretoria’s School of Dentistry to introduce South Africa’s first university academic programme focused on clear aligners and digital dentistry. This collaboration aims to advance dental education and equip future professionals with cutting-edge skills in orthodontic treatment and digital technology. For over 25 years, Align Technology has been at the forefront of supporting universities, students, and doctors worldwide in the orthodontics and dental fields. Align supports the development of educational resources, including dedicated events and research grants. “This collaboration with the University of Pretoria represents a major milestone for dental education in…
Telkom’s enterprise and supplier development initiative, FutureMakers, as well as the Telkom Consumer and Small Business (CSB) Retail, announced today that they have strengthened their relationship with Delivery Ka Speed. Delivery Ka Speed is a 100% black youth-owned and township-based delivery service SME, by donating bikes to 10 drivers and investing further in the SME. It is an innovative township delivery platform that connects customers with local restaurants and merchants, is a strategic partner to bolstering Telkom’s job creation mandate. Initially, Delivery Ka Speed operated the 10 delivery bikes provided by Telkom in the Hammanskraal and Pretoria areas. The bikes,…
Herbert Theledi, a property development entrepreneur with over two decades of experience, has launched a new venture called Jeqe Management, where he will serve as Group CEO. Announcing the new entity, Theledi described Jeqe Management as a significant step towards innovation and growth in the South African property sector. “I believe the time is right to establish a new structure to pursue property asset management opportunities. This is a natural move to diversify our property interests,” said Theledi. Jeqe Management provides property management services for Nthoese Development and Shenge Property Group, with plans to expand and explore additional opportunities. Currently,…