SARS

Instant EFT: Stitch steps up security compliance

The South African Reserve Bank (SARB) has unveiled a draft directive designed to establish robust compliance measures for entities involved in Instant EFT payments….

Luno welcomes SARB green light for crypto exchanges

Global cryptocurrency investment app Luno has welcomed a guidance note issued by the South African Reserve Bank’s (SARB) prudential authority which confirms that banks…

Three tips to make your business Tax Compliant

Becoming tax compliant can be an unclear path to navigate. Non-compliance can lead to steep South African Revenue Service (SARS) penalties, which lead to…

What to do if your business owes SARS money

Filing taxes can be stressful and time-consuming at the best of times, and this year small businesses are already in a tough spot. Individuals…

Global‌ ‌fintech‌ ‌Xero‌ ‌releases‌ ‌VAT‌ ‌tools‌ ‌for‌ ‌SA‌ ‌SMMEs‌ ‌

Leading accounting SaaS company Xero has announced the release of new VAT eFiling tools as part of Xero’s existing suite of cloud offerings, making…

EXPLORE Insights offers 24-hour data analytics services for SMEs

SA-based EXPLORE Group, home of world-leading data science training institution Explore Data Science Academy (EDSA) is launching a data analytics services division called EXPLORE…

SARS should give crypto investors more carrot and less stick [Opinion]

It has been more than three years since SARS’s media statement on cryptocurrencies. In this statement, SARS said that it would apply “normal income…

How the launch of three new VAT tools will assist SMEs

With the aim to resolve the tedious and traditionally costly process of processing VAT (value-added tax) for businesses, global cloud accounting software provider, Xero has announced…

Covid-19 and African tech startups roundup [01/04/2020]

SA biotech start-up AzarGen announced yesterday that it is developing a drug that has the potential to help patients suffering from one of the…

Covid-19: Tax relief proposed by the President for SA SMEs

The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs)…

Smaller Section 12J funds will struggle to raise investor capital with new changes [Opinion]

National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment…

SA’s Biz Portal to cut company registrations to one day

The SA government has launched the pilot phase of Biz Portal, a new business portal, led by the Companies and Intellectual Property Commission (CIPC)….

Is spike in energy deals evidence that Section 12J funds are driving VC boom in SA?

Is a massive spike in energy deals last year evidence that a 2008 venture capital (VC) tax incentive is behind South Africa’s 31% increase…

A fail-safe way to moving IP offshore: Part 2 [Opinion]

In my previous article I summarised the goal of a company seeking to grow internationally by locating its intellectual property (IP) offshore. This second…

A fail-safe way to moving IP offshore: Part 1 [Opinion]

At some point those at SA tech companies will ask — how do we move our intellectual property (IP) to an offshore company, one…

‘Only 4% of Section 12J funds went to VC in last tax year’

A mere four percent or R120-million of the estimated over R3-billion raised by Section 12J venture capital companies (VCCs) in the 2019 tax year…

Sars Section 12J VC companies – hype versus substance [Opinion]

There are many legal ways for South African taxpayers to reduce their tax burden, and investing in a SA Revenue Service (Sars) approved Section…

New Vinny Lingham linked R500m VC fund currently mulling 15 investments [Updated]

Silicon Valley based SA entrepreneur Vinny Lingham is partnering with an investment house in South Africa in a new R500-million venture capital (VC) fund,…

What startups should know about tax, when setting up an overseas company

No matter how small the world is becoming or how much of a global village we live in, each country’s tax authorities need to…

SARB calls on the public to comment on consultation paper on crypto assets

Members of the public have until 15 February to comment on a consultation paper on crypto assets released by the South African Reserve Bank and other members of the Intergovernmental Fintech Working Group on Tuesday

Section 12J VC incentive a good start, but government can do more [Opinion]

The world of startups is a risky choice for an investor. But there is a clever way you can reduce that risk, and that…

Investors use loophole in VC tax incentive to invest in own companies – Sars

Investors are using a loophole in a SA venture capital (VC) tax incentive to invest in companies connected to them and benefit from a…

State must close door on those that misuse VC tax incentive [Opinion]

This week saw an outcry from South Africa’s venture capital (VC) and private equity sector over amendments the National Treasury plans to make to the…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West

eActros 300 and Zimi Charge creates EV win for Bakers