Insights

A recent court case ruled that Citibank's South African branch (Citibank SA) must pay VAT for seconded employees from its offshore related parties, as their services were considered "imported services" under VAT purposes.

Our Tax Focus - Jan/Feb Edition 2024 is now available!

In today’s rapidly changing business landscape, innovation has become an indispensable driver of success.

The kingdom has unveiled a generous tax incentive programme to attract foreign companies to establish their regional headquarters within its borders.

In the dynamic world of business, small businesses are constantly seeking innovative ways to streamline operations, enhance efficiency, and gain a competitive edge.

Have you ever experienced suspicious financial reports or unusual payment transactions in your business?

Findings concerning constraints on business growth in H1 2023 reflect a fairly positive picture.

A boost to economic growth would be forthcoming if the government's planned infrastructure investments were realised.

H1 2023 GDP growth exceeded expectations due to a continued increase in gross fixed capital formation (GFCF), which had declined for almost a decade until late 2021.

70% of South African businesses expect increased profitability in the next 12 months, leading to greater interest in staff skills and new buildings. However, investment in plant and machinery has decreased.

What impact has the decline in inflation from levels above 7% to below 5% had on the current economic resilience of the economy?

Why have higher interest rates over the past two years adversely impacted consumer spending?

H1 2023 outlook into South Africa's GDP Growth from a post-COVID Recovery.

A Closer Look at SA's Economic Impact on Local Mid-Market Businesses

How integrating cybersecurity awareness into the innovation strategy can significantly benefit professional services firms.

This comprehensive guide provides valuable information on the country's financial plans and outlines the government's priorities for the upcoming year.