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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Smartphone system measures clotting time of users’ blood samples
People who are using blood-thinning medications regularly have to check if their dosage needs adjusting. And while doing so currently involves lab tests or expensive home systems, a simple smartphone-based setup may soon be able to perform the task. Because of a patient’s ongoing physiological changes, what was initially an ideal dosage of a medication […]
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New retirement system to double savings in South Africa: analysts
The new two-pot retirement system proposed by the National Treasury is likely to have a significant impact on South African householding savings, say analysts at financial services firm Alexander Forbes. The proposal, which is is currently open for public comment envisages a ‘two-pot’ system under which members would be allowed to access up to a […]
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