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You are here: Home / Archives for Money

Money

13 September 2024

Loadshedding Is Not Over in Cape Town’s Deep South

Location: News

Unplanned power outages plague residents and small businesses near Cape Point

Read moreLoadshedding Is Not Over in Cape Town’s Deep South
13 September 2024

Gauteng launches campaign to ensure business compliance in townships

Location: News

Gauteng launches campaign to ensure business compliance in townships

Gauteng MEC for Economic Development and Finance, Lebogang Maile, has launched the "Qondis’ Ishishini Lakho - Fix Your Business" campaign in Tembisa, Ekurhuleni.

This is part of government’s efforts to ensure business compliance in townships, informal settlements, hostels and CBDs.

A joint effort between the department, the Gauteng Provincial Treasury, the City of Ekurhuleni, SA Police Service, the Gauteng Liquor Board, the Gauteng Office of Consumer Affairs, Gauteng Gambling Board and relevant government agencies, "Qondis’ Ishishini Lakho - Fix Your Business" is primarily meant to assist business to comply with regulations that govern businesses in Gauteng, while simultaneously enforcing compliance with the same laws.

During MEC Maile’s monitoring and compliance blitz in Ivory Park, Winnie Mandela and Olifantsfontein townships, most of the businesses were closed in the neighbourhood’s high street. 

This suggested that most of them were non-compliant and shut down to evade monitoring inspections.

However, for shopping centres in the neighbourhood, it was business as usual and that is where inspections focused.

Tembisa was chosen partly because between February and September 2024, 203 cases of foodborne illnesses were reported in Gauteng - Ekurhuleni accounted for 116 of those - including 10 deaths. 

Four recent deaths were reported in Ekurhuleni and the victims were children between the ages of 03 and 13. 

As part of ongoing community outreach and strengthening engagement with learners, government assigned environmental health officials to address food safety concerns in local schools and communities.

MEC Maile said government was committed to helping emerging businesses access funding and market opportunities and pledged to soon host a funding symposium with the banks to help compliant and qualifying businesses access funding. 

He urged township businesses to consider other options, including cooperative banks and to pool resources together to fund expansion.

“The township economy is worth at least R100 billion but most of that money leaves the township. Businesses need the help of government to change that. We also need to solve the problem of the concentration of wealth in the hands of a few. Otherwise, the economy will not change,” he said.

MEC Maile undertook to attend the problem of the lack of ease of doing business, saying this was stifling the growth potential of many emerging businesses.

Also on site at the Rabasotho community hall were various government entities whose function is to register businesses and ensure their compliance. They availed their online services.

Ekurhuleni Member of the Mayoral Committee, Nomadlozi Nkosi, explained that they were providing on-the-spot assistance to small and medium enterprises in the Ivory Park, Olifantsfontein and Winnie Mandela communities. 

The initiative was a significant step towards fostering a more competitive and sustainable business environment by holding the hand and assisting with the much-needed interventions.

SAPS District Commissioner of Ekurhuleni, Major General Anna Sithole, said they had run scores of raids in line with the Operation Shanela weekly campaign on businesses in Gauteng and had confiscated 3089 of contraband and counterfeit products. 

Around Tembisa, 191 liquor outlets were inspected and 112 of those outlets were closed due to non-compliance. 

This also resulted in the confiscation of over 105 872 15 millilitres of alcohol. 

A total of 114 spaza shop-focused inspections resulted in the confiscation of 5 265 counterfeit cigarettes and a total of 880 illegal body creams.

Sithole said this would benefit communities and respond to their concerns about sub-standard goods being sold at some of the shops in the townships. 

She called for this to happen weekly in order to have the desired impact in Gauteng.

“We welcome this brilliant initiative. It is an initiative that will complement the Commissioner’s whole government approach to law enforcement.

“We as law enforcement agencies pledge 100% commitment to work with multi-sectoral agencies to ensure that communities feel safe when they purchase foods. We take this opportunity of correcting wrong with right to ensure that business owners fix their businesses. Those who don’t will not trade with peace. We urge them to do what is right,” Sithole said. – SAnews.gov.za

Edwin
Fri, 09/13/2024 - 11:23

39 views
Read moreGauteng launches campaign to ensure business compliance in townships
13 September 2024

SIU Takes Aim At Ballooning Dodgy Medical Litigation That Is Costing the Government Billions

Location: News

One law firm submitted claims of nearly R500-million against the Eastern Cape health department

Read moreSIU Takes Aim At Ballooning Dodgy Medical Litigation That Is Costing the Government Billions
12 September 2024

Occupiers Evicted From Alex Social Housing Containers

Location: News

Mayco member says removal had to take place to make way for rightful beneficiaries. But it has taken the City of Johannesburg years to place people in these containers.

Read moreOccupiers Evicted From Alex Social Housing Containers
12 September 2024

SARS receives R4.1bn tax directives applied for in two pot system

Location: News

SARS receives R4.1bn tax directives applied for in two pot system

The South African Revenue Service (SARS) has received tax directives worth R4.1 billion in applications for the savings withdrawals in the two pot system.

SARS said it has received a total 161,607 tax directive applications. This includes the directives which have been cancelled.  

A total of 159 853 relates to Savings Withdrawal Benefits, which is 98.9% of the total number of applications received from 1 -10 September 2024, which means SARS received an average of 17,964 tax directive applications a day.

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 deferred to the time the person retires and then taxed at a reduced rate.

However, when an individual withdraws now, they will be taxed at their marginal tax rate.

“Applications for tax directives are submitted to SARS by the fund administrator via eFiling. The directive indicates to the fund how much tax should be withheld by the fund on behalf of SARS before payout.

“Taxpayers who owe SARS money must realise that this tax debt will be added to the tax on withdrawal from the savings benefit. But if there are payment arrangements in place to settle the debt with SARS, this debt will be deducted as per agreement between SARS and the Taxpayer. A tax debt that has been deferred will also not be deducted,” the Commissioner said on Wednesday.

He indicated that the turn-around time for SARS to complete directive applications, without any human intervention, is no more than 24 hours.

The channels used by taxpayers to get more information from SARS about the new system include the SARS Online Query System on the SARS website and the SARS WhatsApp channel – 0800 11 7277 where taxpayers can do simulated tax calculations on their two pot withdrawals.

“Applicants give three reasons why they want to make a withdrawal from the new system: a transfer due to divorce, a transfer to a retirement fund and a withdrawal by the taxpayer. As the situation is changing daily, SARS will provide periodic updates on the numbers of withdrawals,” SARS said.

READ | Pension fund members required to be registered for tax to withdraw savings

-SAnews.gov.za
 

 

nosihle
Thu, 09/12/2024 - 09:28

72 views
Read moreSARS receives R4.1bn tax directives applied for in two pot system
12 September 2024

Limpopo Teacher Scammed Out of Her Savings

Location: News

Thebe Investment Corporation warns against fraudsters using its name

Read moreLimpopo Teacher Scammed Out of Her Savings
12 September 2024

Former Lottery Boss Is Delaying Forfeiture of Assets Worth Millions of Rands

Location: News

Pretoria High Court postpones application by the National Prosecuting Authority

Read moreFormer Lottery Boss Is Delaying Forfeiture of Assets Worth Millions of Rands
11 September 2024

National Basketball Association (NBA) Africa Announces Finalists for Triple-Double Startup Accelerator Demo Day

Location: Sport

NBA Africa (www.NBA.com) today announced the 10 startup companies from seven African countries that have been selected to pitch their products to a panel of international industry leaders at a Demo Day at the NBA headquarters in New York City on Wednesday, Sept. 25 as part of “Triple-Double: NBA Africa Startup Accelerator (http://apo-opa.co/47lTICe),” which the league launched in April 2024 to support Africa's technology ecosystem and the next generation of African entrepreneurs.

The panel will then determine the four winning companies that will be awarded financial support and mentorship, including an opportunity to participate in workshops and development programs facilitated by NBA Africa or its partners.  Below are the 10 startups that will compete for the four prize-winning spots.

  • Backrest (Rwanda) provides a wearable technology solution called WristWrist for venues and event organizers to facilitate cashless payments at event venues.  WristWrist provides a payment system whereby attendees can load money onto wristbands before an event and spend it at the event venue through seamless, quick transactions.
  • Buzza (Nigeria) helps sports organizations improve their operations through digital solutions, including enabling organizations to transition from paper-based to digital management, setting up websites, collecting payment, and growing revenue.  Athletes can also sign up for the platform to track their matches and scores and build their profiles to become more prominent sports figures and influencers across Africa.
  • Festival Coins (Nigeria) is an event technology company that offers a customizable, no-code event registration and ticketing platform called Tix Africa for events in Nigeria and Ghana.  It enables event organizers to sell tickets online, process payments, and handle on-site registrations.
  • Gara (Côte d'Ivoire) is a pan-African video gaming and comics platform that encourages and facilitates the distribution of digital entertainment experiences on the continent.  Through culturally relevant products, including games featuring local celebrities and adaptable payment systems for local currencies, Gara aims to facilitate greater reach and monetization of the creative and cultural industries on the continent.
  • HustleSasa (Kenya) provides live event services that support payment processing, attendee check-in, merchandise sales, customer data management, influencer tracking, and more.
  • Naemo Global (Nigeria) aims to revolutionize sports scouting on the African continent through its proprietary scouting software Afriskaut, which utilizes data analytics and AI.  The Afriskaut platform processes football match videos and extracts critical data, which it makes available to clients via a platform and application programming interface (API) to support scouting the next generation of elite talent.
  • Power to Girls Foundation (Ghana) provides a social connection and mentorship platform called My Power App dedicated to empowering and supporting girls and women ages 13-20.  The platform provides educational resources, connects users with mentors, offers a confidential helpline, and fosters a supportive community of like-minded girls, addressing critical growth areas such as education, mental health, and personal development.
  • Salubata (Nigeria) creates modular shoes repurposed from plastic waste.  With a global patent and two design rights for its innovation, the company aims to reduce the global carbon footprint through its environmentally friendly products.
  • UBR VR (Egypt) delivers state-of-the-art, fully immersive, in-person virtual reality (VR) experiences across Egypt.  Its rich historical and fantasy VR worlds are culturally relevant and localized, allowing players to roam freely in enclosed spaces and interact with each other in a designated play area.  These VR experiences are unparalleled in the country and foster a sense of connection to both the local community and fellow players.
  • Vambo Technologies (South Africa) provides a digital language technology platform that leverages AI to provide real-time translation, content creation, and language learning technology.  Not only does Vambo AI offer widely spoken languages such as Amharic, Yoruba, French and Portuguese, it also offers more niche languages spoken across Africa to facilitate true digital inclusion on the continent.

“We have been inspired by the level of talent and creativity from all of the applicants, and we congratulate the 10 deserving finalists who will showcase their innovative solutions at Demo Day later this month,” said NBA Africa CEO Clare Akamanzi.  “NBA Africa is committed to supporting the continued growth of startups on the continent, including the four prize-winners whose innovative solutions will further elevate the sport and creative industries in Africa for years to come.”

Operated by ALX Ventures, “Triple-Double: NBA Africa Startup Accelerator” was open to early-stage startups in Africa that develop solutions in event management and ticketing, youth development, AI, and digital marketing.  The initiative will support Africa's tech ecosystem and the next generation of African tech entrepreneurs by providing them with access to mentorship and capital that will help drive growth in the sports and creative industries.

The four prize-winning startups will be announced at Demo Day.

Video (http://apo-opa.co/4d2bY4w): Triple-Double: NBA Africa Startup Accelerator Reveals 10 Finalists for Demo Day

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contact:
Pawel Weszka
NBA Africa Communications
pweszka@nba.com
+27 10 0072666

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more. 

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015.  The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024.  Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube

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Read moreNational Basketball Association (NBA) Africa Announces Finalists for Triple-Double Startup Accelerator Demo Day
10 September 2024

Boxer Super Run Durban Announces an Impressive r147K Prize Purse in 2024!

Location: MyPR

The organisers of South Africa’s most social 5km run, the Boxer Super Run, are thrilled to announce an impressive R147 200.00 prize purse in 2024. “The Boxer Super Run has redefined the standard for 5km events, and we’re proud to raise the bar even higher this year with an unprecedented R147 200.00 prize purse,” says …

Read moreBoxer Super Run Durban Announces an Impressive r147K Prize Purse in 2024!
10 September 2024

Tinywow AI – How Does It Stack Up?

Location: MyPR

With the plethora of AI tools available – each of them promising to make your life easier, richer and more fun we at MyPR have to say that we are still on the fence as to which one is our favourite. Of course if you show us one that is for free that is the …

Read moreTinywow AI – How Does It Stack Up?
10 September 2024

Cars Destroyed by Fire in Free State Government Pound

Location: News

Owners find their cars burned to cinders

Read moreCars Destroyed by Fire in Free State Government Pound
10 September 2024

DPWI rejects report on Sarah Baartman Centre of Remembrance

Location: News

DPWI rejects report on Sarah Baartman Centre of Remembrance

Public Works and Infrastructure Minister Dean Macpherson has rejected a joint report by the Department of Public Works and Infrastructure and the Department of Sports, Arts and Culture on the completion of the Sarah Baartman Centre of Remembrance in Hankey, Eastern Cape.

The report was presented to the Portfolio Committee on Sport, Arts and Culture on Tuesday morning. 

According to the department, Macpherson will soon be meeting with Sports, Arts and Culture Minister Gayton McKenzie to establish a way forward. 

The Sarah Baartman Centre of Remembrance has been plagued by delays since a tender for its construction was issued in April 2014, and to date millions have been spent on the project, but construction remains 37% completed. 

“In my discussions with Minister McKenzie, we both agree that the progress which has been achieved in the centre remains wholly inadequate and that serious action needs to be taken to limit any further wastage of taxpayer money.

“Not only have both departments failed to brief the Ministers on the report presented to Parliament, but it furthermore is simply unacceptable that despite three contractors being involved in the project over a period of 10 years, construction has not even been halfway completed with further delays expected,” Macpherson said.

He said the life of Sarah Baartman “remains an important reminder of our painful past, and it is therefore imperative that we give her the respect and dignity she deserves”. 

“However, the work which has been done at the Remembrance Centre thus far fails to honour her memory and has instead become a problem which continues to cost taxpayers millions. This simply must end,” the Minister said.

Macpherson emphasised that a meeting with Minister McKenzie will help to resolve any concerns while developing a joint vision of how the construction of the project can be completed in the shortest timeframe possible, thereby possibly providing solutions that can be replicated at other memorial projects across South Africa. 

“For too long, the South African State and the Department of Public Works and Infrastructure as implementing agents have spent millions on memorial projects just for the projects to remain incomplete or fall into a state of disrepair. 

“This era of this fruitless expenditure has to come to an end, and I know that both Minister McKenzie and I are committed to achieving this goal. Let us Build South Africa,” the Minister said. – SAnews.gov.za

Edwin
Tue, 09/10/2024 - 11:36

179 views
Read moreDPWI rejects report on Sarah Baartman Centre of Remembrance
10 September 2024

Online vehicle renewals shows “phenomenal” growth

Location: News

Online vehicle renewals shows "phenomenal" growth

Vehicle owners are increasingly abandoning the long queues at vehicle licensing centres and opting to renew their vehicle licences online to save time.

An analysis of the Road Traffic Management Corporation (RTMC) online platform, online.natis, shows that more than 2.5 million vehicle owners have opted for the convenience of the online platform since its launch in 2022.

“Monthly average online renewals on the natis platform have increased from 44 802 in August 2022 to 222 606 last month with an average daily renewal of 7 181.

“To access the service which offers motorists the convenience of renewing the vehicle licence from the comfort of their homes or offices, vehicle owners must register their profile on online.natis.gov.za. This will enable them to update their contact details namely cellphone numbers and email address.

“Registered vehicle owners are entitled to receive renewal notices and can pay AARTO enforcement orders online while renewing their vehicle licences. More than five million vehicle licence renewal notices have been sent out since the beginning of the year,” RTMC said on Monday.

The service is now also available through participating banks such as First National Bank, Capitec and Nedbank.

The RTMC is also able to assist fleet owners who wish to renew vehicle licences in bulk to save time and money.

“Scores of fleet owners have taken the convenience offered by the bulk renewals service and are reaping the benefits. The RTMC strives to deliver vehicle licences with three to five days and has been able to achieve this target 97% of the time,” RTMC said. - SAnews.gov.za

nosihle
Tue, 09/10/2024 - 09:36

113 views
Read moreOnline vehicle renewals shows “phenomenal” growth
10 September 2024

At Least 116 Children Died From Malnutrition in the Eastern Cape in One Year

Location: News

Conference on hunger hears there’s more than enough food. Policy failures by both government and corporations are causing hunger.

Read moreAt Least 116 Children Died From Malnutrition in the Eastern Cape in One Year
9 September 2024

Proudly South African Teams up With FNB, Orapeleng Modutle, Jessica Jane Molebatsi, Mzukisi Mbane, and Ole Ledimo to Search for Local Fashion Supporters

Location: MyPR

Proudly South African is back on the fashion scene with the relaunch of the Local Fashion Police, a consumer-powered campaign championing homegrown talent. This local fashion movement in its 4th year, now in partnership with FNB, is in support of the Retail, Clothing, Textile, Footwear, and Leather (R-CTFL) sector highlighting its significance in creating jobs …

Read moreProudly South African Teams up With FNB, Orapeleng Modutle, Jessica Jane Molebatsi, Mzukisi Mbane, and Ole Ledimo to Search for Local Fashion Supporters
9 September 2024

(Re-) Discover the Timeless Allure of Twin-Tub Washing Machines

Location: MyPR

Choose LG’s twin-tub washing machines for a timeless laundry solution that fits all households With the computing power of modern washing machines rivalling that of smart phones and laptops, the steadfast presence of the twin-tub in our laundry rooms stands as a symbol of reliability and tradition. Amidst a myriad of laundry options available today, …

Read more(Re-) Discover the Timeless Allure of Twin-Tub Washing Machines
9 September 2024

South Africa’s Positive Momentum Bodes Well for Property on the Kzn South Coast

Location: MyPR

The country’s peaceful transition to a Government of National Unity has sparked optimistic sentiment among investors, with interest in KZN South Coast properties one of the positive spinoffs of this economic upturn. Coupled with the unique natural beauty, affordable prices, and idyllic coastal location, interest in KZN South Coast properties is only set to grow. …

Read moreSouth Africa’s Positive Momentum Bodes Well for Property on the Kzn South Coast
7 September 2024

Activists Organise to Oppose Teacher Retrenchments

Location: News

Over 2,400 posts to be lost by 1 January

Read moreActivists Organise to Oppose Teacher Retrenchments
5 September 2024

Ster-Kinekor Launches Capegate Kids’ Cinema

Location: Entertainment, MyPR

Ster-Kinekor invites kids and their families to the new Kids’ Cinema at Capegate Shopping Centre in Brackenfell, designed exclusively for children and their families. This exciting addition offers a unique, immersive movie experience that combines the magic of cinema with playful features that children will love. A Cinema Tailored for Kids The new Capegate Kids’ …

Read moreSter-Kinekor Launches Capegate Kids’ Cinema
5 September 2024

CapeGate Champions Announced in Penultimate Round of HYPROP MTN SHIFT Gaming Experience!

Location: Entertainment, MyPR

R200k in prize money, eight qualifiers nationwide, culminating in one epic gaming showdown… this is the MTN SHIFT Gaming Experience 2024! Cape Town, South Africa – August 26, 2024 – The penultimate round of the highly anticipated HYPROP MTN SHIFT Gaming Experience 2024 came to an exhilarating close at CapeGate Shopping Centre over the weekend, …

Read moreCapeGate Champions Announced in Penultimate Round of HYPROP MTN SHIFT Gaming Experience!
5 September 2024

Durban Flood Victims Told to Vacate Emergency Housing

Location: News

eThekwini Municipality says its planning to rehouse the affected families but can’t assist those who had previously benefitted from RDP projects

Read moreDurban Flood Victims Told to Vacate Emergency Housing
5 September 2024

Aussie-Owned West Coast Mining Company in Trouble

Location: News

Owner of controversial Tormin mine is in business rescue

Read moreAussie-Owned West Coast Mining Company in Trouble
4 September 2024

Comprehensive Auto Repair Services You Can Rely On

Location: MyPR

Finding a trustworthy auto mechanic can be challenging, especially when your vehicle requires urgent attention. Whether it’s time for routine maintenance or you’re facing more serious car repairs, a reliable auto repair shop can save you both time and money. At RS Service Centre, we pride ourselves on providing a wide range of car services …

Read moreComprehensive Auto Repair Services You Can Rely On
4 September 2024

The Three Businessmen and the Gauteng Social Development Department’s Millions

Location: News

The department says the Hawks are investigating the sustainable livelihoods programme but will not provide details

Read moreThe Three Businessmen and the Gauteng Social Development Department’s Millions
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