There are financial and administrative reasons why Sars hasn’t extended the diesel levy refund beyond food manufacturers. But that offers little comfort for South Africa’s food retail sector.
If the country’s three largest food retailers are determined to get some tax relief on their hefty diesel bills, they may have to go to court to fight for the same relief the South African Revenue Service has just provided for food manufacturers. Alternatively, they may prefer to take the easier option and increase food prices to compensate for their diesel expenses.
In his budget speech last week, finance minister Enoch Godongwana announced that the diesel levy refund would be extended to food manufacturers. Food retailers, however, were left out in the cold...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SARS is making South Africa more like SwitzerlandConsistent work at the tax authority is starting to pay off.
Read more »
SARS is coming after these property owners in South AfricaAs SARS continues to increase its efficiency, property owners are unlikely to fly under the radar anymore.
Read more »
South Africa: Rising Food Prices, Ongoing Energy Crisis Place South Africa At RiskSouth Africa's almost record level food price inflation, load shedding, rising energy costs, and further fuel and interest rate hike forecast have eroded workers' disposable incomes and further disadvantaging the poor - leaving analysts predicting that the country was at heightened risk, including civil unrest.
Read more »
South Africa: God and Politics in South Africa - the Ruling ANC's Winning StrategyAnalysis - Religion shapes some of the most controversial decisions that governments need to make: access to abortion, same-sex marriage, the death penalty and the legal status of sex work. Indeed, it is likely that most voters across the world consider religion to be essential to their lives.
Read more »
South Africa: Sex Work in South Africa - Why Both Buying and Selling Should Be LegalAnalysis - It is illegal to buy or sell sex in South Africa. But this may soon be a thing of the past if a recently published draft bill to decriminalise sex work is passed. Researchers and activists Marlise Richter and Monique Huysamen set out what's in the new law, what's good about it and what still needs work.
Read more »