after acting commissioner Mark Kingon had held the fort for a while. This followed the firing of the head, Tom Moyane. Notably, though, this is not the first time Kieswetter is at SARS. During his first period at SARS, Kieswetter launched the Large Business Centre and High Net Worth Individual Unit, leading to the enhancement of revenue collection and compliance.
Kieswetter will assume his duties from 1 May 2019 on the backdrop of the report of Nugent Commission of Inquiry into SARS. Due to lacklustre systems introduced by Moyane, SARS was also losing over R7-billion per year due to illicit trade, particularly on cigarette illicit trade. When an institution through which over R1-trillion is processed per annum malfunctions, it follows without any doubt that the country’s economy will also suffer. Business also suffered a lot during his tenure as unprincipled agents ran unhindered within SARS in pursuit of their corrupt intentions.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: South Africa Names Ex-Alexander Forbes CEO to Rebuild Tax AgencSouth African President Cyril Ramaphosa appointed Edward Kieswetter, a former chief executive office of insurer Alexander Forbes Group Holdings Ltd., as the head of the nation’s tax agency.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: South Africa Holds Key Rate as It Cuts GDP GrowthHigher power, food and fuel prices will likely crimp household spending and limit prospects for stronger economic growth, resulting in the South African Reserve Bank having to hold the nation’s key interest rate for the rest of the year.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: South Africa Extends Probe Into Africa’s Biggest Money ManagerPresident Cyril Ramaphosa granted a judicial commission an extra three months to finish its investigation into allegations of wrongdoing at the government workers’ pension-fund manager.
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 »
Motsepe urges business to help counter effects of natural disasters in AfricaPatrice Motsepe and his wife Precious Moloi-Motsepe carried cheques for R30 million, R15 million each for Mozambique and Zimbabwe when they joined the humanitarian caravan to Beira and Harare on Thursday.
Source: ewnupdates - 🏆 30. / 53 Read more »