South African President Cyril Ramaphosa appointed Edward Kieswetter, as head of the South African Revenue Service with the primary task of rebuilding skills and trust in the tax authority after a commission of inquiry found the previous permanent commissioner had effectively “dismantled” the institution through mismanagement and alleged corruption. He starts at SARS on May 1.
Kieswetter was appointed after a committee named by Ramaphosa shortlisted six candidates, including Deloitte LPP’s head of tax in Africa, Nazrien Kader, and Mark Kingon, who took over as acting commissioner following the suspension and later dismissal of Tom Moyane. “Kieswetter emerged as the strongest candidate, based on his past experience as deputy commissioner for SARS between 2004 and 2009,” the Treasury said in an emailed statement Wednesday.
During his time at Alexander Forbes, Kieswetter oversaw the company’s return to the Johannesburg Stock Exchange in 2014. He was also a senior general manager at Eskom Holdings SOC Ltd., the state-owned power utility, from 1992 until 2000.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MAVERICK BUSINESS ANALYSIS: South Africa’s enterprise sector critically illThe parlous state of the enterprise sector in SA can be seen in dismal company income tax receipts over the past five years, which are declining and very heavily weighted in favour of large companies. The decline in profitability means 74% of all companies pay no tax at all and the vast majority of company tax receipts come from just 0.09% of SA’s corporates.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business: Economists Split on South Africa Avoiding Moody’s Negative CutSouth Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt.
Source: dailymaverick - 🏆 3. / 84 Read more »
Meet South Africa, the business destinationSPONSORED | SA_NCB Beyond the tourism-worthy features, the hosts of business events and the millions of delegates who have visited SA over the years have experienced another aspect – its appeal as a business destination. Read more.
Source: BDliveSA - 🏆 12. / 63 Read more »
Business DayBusiness Day, Johannesburg. 104.741 beğenme · 6.646 kişi bunun hakkında konuşuyor. BDlive is the digital identity of Business Day, South Africa's premier daily business newspaper.
Source: BDliveSA - 🏆 12. / 63 Read more »
MAVERICK BUSINESS: Rating agencies are likely looking for changes larger than South Africa’s political system can deliverThe language of rating agencies is often obscure; publicly Moody’s talks about ‘persistent structural challenges’ and the risk of ‘fiscal slippages in the face of both slower growth and increasing political pressures’. What this means is that they are looking for some substantial and fast policy changes, probably larger than SA’s political system can manage.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Rating agencies are likely looking for changes larger than South Africa’s political system can deliverThe language of rating agencies is often obscure; publicly Moody’s talks about ‘persistent structural challenges’ and the risk of ‘fiscal slippages in the face of both slower growth and increasing political pressures’. What this means is that they are looking for some substantial and fast policy changes, probably larger than SA’s political system can manage.
Source: dailymaverick - 🏆 3. / 84 Read more »
Big explosion hits Somalia's Mogadishu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Big explosion hits Somalia’s Mogadishu A big explosion was heard in the heart of Somalia’s capital Mogadishu on Saturday, with a plume of smoke seen above the scene of blast, a Reuters witness reported. Oh men; that's so sad
Source: SABC News Online - 🏆 32. / 51 Read more »