On Wednesday, 27 February, Finance Minister Pravin Gordhan delivered a safe budget with no real surprises, with R7-billion personal tax relief that is R2.5-billion less than in the previous tax year 2012/13. 

With the tax deadline looming at the end of February 2013, now is the time for South Africans to re-evaluate their contributions to their retirement annuity (RA), in order not only to ensure they are on track to achieving their retirement financial goals, but also to minimise their tax contributions by maximising the deductions available for income tax purposes.

This year marks the Iconic British sports car brand’s 100 year anniversary. The luxury brand will be marking this momentous occasion by painstakingly creating Centenary Edition specification vehicles that will be available worldwide on just 100 examples of each of the car maker’s model lines: V8 Vantage, DB9, Rapide and Vanquish.

Investors concerned about the accuracy of African economic statistics and national account figures should rely on proprietary research and an on-the-ground presence in sub-Saharan Africa.

The Tax Administration Act 28 of 2011 (the act) has expanded the information-gathering powers of the South African Revenue Service (SARS). The act allows SARS, for the purpose of administration of a tax act, to require a taxpayer or other persons to submit relevant material to SARS within a reasonable period.