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SARS is using a new high-tech system to target taxpayers in South Africa – here’s how it works

The South African Revenue Service (SARS) is using computer algorithms, machine learning and other advanced technologies to ensure taxpayer compliance. In its annual report published on Wednesday (27 October), the revenue collector said it had reviewed its methodology to detect risk and highlight cases where non-compliance was detected. “SARS has significantly expanded the scope of […]

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Government to introduce new digital Covid-19 certificate for South Africa – what you should know

The government has commenced with the development of a digital Covid-19 vaccination certificate which will confirm that a person has been vaccinated in South Africa, says health minister Dr Joe Phaahla. Addressing media on Friday (10 September), Phaahla said that the certificate will be available through a person’s smartphone, which can then also be printed […]

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Business Tech

The cheapest and most expensive medical aid schemes in South Africa – pricing and what they offer

Update: This article has been updated to include correct product information for Discovery Health, and to clarify the group’s Flexicare positioning in the market. Dis-Chem Pharmacies and digital bank Tyme have launched insurance offerings to tap into the country’s wider and under-served segment. Dis-chem is set to offer a R431 monthly fee product, whereas TymeHealth […]

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Skilled people are leaving South Africa in droves – and government’s employment plans can’t stop it

President Cyril Ramaphosa this week published a letter from his office addressing the state of unemployment in South Africa. In the communication, Ramaphosa announced that the government has started with the second phase of the Presidential Employment Stimulus, which aims to create massive employment opportunities in the country in a short space of time. The […]

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A top management consulting firm is on a major hiring spree in South Africa – here’s what they are looking for

Management consulting firm Monocle is rapidly expanding its operations, with the firm now boasting offices in London and Amsterdam, as well as Johannesburg and Cape Town. Monocle specialises in banking and insurance, with the firm assisting most of the large banks in South Africa and several prominent local insurers by acting as a project execution […]

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Business Tech

How much tax is too much in South Africa – experts weigh in

Total government spending in 2020 was approximately R2 trillion according to Statistics SA. In a May 2021 article by BusinessTech, it was stated that the expected cost of 18 million social grants (a month) would be an annual figure of R195 billion for 2021/22. This equates to approximately 10% of all government expenditure. Put differently, […]

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Business Tech

New phone rules planned for South Africa – what you should know

The Independent Communications Authority of South Africa (Icasa) has proposed linking biometric data to SIM cards. If approved, the new regulations would require all South Africans to provide their biometric data to mobile service providers to obtain a new cellphone number or approve a SIM swap. The proposals are included alongside other draft regulations published […]

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Business Tech

Growing concerns over South Africa’s new Covid rules – as Thursday deadline approaches

The opposition Democratic Alliance has called on the government to provide clarity on the current state of South Africa’s draft Covid regulations. Public comment for the Draft Health Regulations closed on 24 April 2022, which gave health minister Dr Joe Phaahla and his department only 12 days to process and analyze more than 300,000 submissions […]

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