CAPE TOWN - The South African Revenue Service announced that it has placed three executives on precautionary suspension and extended the suspension of another executive on Wednesday pending the finalisation of a disciplinary process in respect of serious allegations of misconduct.
According to Sars, the reason for the suspension is due to ongoing comprehensive review of the whole Sars leadership by the commissioner in terms of good governance in response to the report on the Commission of Inquiry into Tax Administration and Governance by SARS, the “Nugent Report”. Sars said in a statement: "It must be re-iterated, that these suspensions are precautionary in nature and as such do not amount to findings of any wrongdoing on their part. A determination in this regard will only be made on the finalization of the process."
"Sars requests that the privacy of the individuals concerned and the confidentiality of the employer–employee relationship be respected. Sars will not comment further on the matter until its concluded."
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:
Are they Black
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.
SA unemployment rate rises to 29% in second quarter | IOL Business ReportSouth Africa's unemployment rate rose to 29 percent of the labour force in the second quarter of 2019 from 27.6 percent in the first three months of the year, the statistics agency said.
Source: IOL - 🏆 46. / 51 Read more »
Eskom reports R20.7bn loss due to ongoing challenges | IOL Business ReportEskom chief Jabu Mabuza said the losses for this financial year were not a reflection of the outgoing chief executive Phakamani Hadebe's performance.
Source: IOL - 🏆 46. / 51 Read more »
Saica chief Freeman Nomvalo appointed Eskom chief restructuring officer | IOL Business ReportGordhan said some of Nomvula's tasks would be to interrogate Eskom's debt and various proposals to resolve its burden.
Source: IOL - 🏆 46. / 51 Read more »
Joburg court orders Old Mutual to reinstate former chief Peter Moyo | IOL Business ReportPeter Moyo sought the assistance of the courts after the insurer first suspended and fired him in May over alleged conflict of interest.
Source: IOL - 🏆 46. / 51 Read more »
Zambia economy to benefit from China bilateral cooperation: expert | IOL Business ReportChingola Chamber of Commerce President Fred Musonda said Zambia was benefiting from China in ways such as improved trade with the Asian nation. Dont sell the whole of Zambia to China.
Source: IOL - 🏆 46. / 51 Read more »
SA economy recorded a trade surplus of R4.42bn in June | IOL Business ReportA sense of optimism temporarily washed over the South African economy this afternoon after the nation recorded a trade surplus ... InuWolfie what does this mean? Filling a bucket with holes with an eyedropper. cc MthuliNcube MoeChanda GGuvamatanga InfoMinZW nickmangwana
Source: IOL - 🏆 46. / 51 Read more »