The first point of reference for the analysis is direct tax, such as income, corporate and property tax, as these are imposed directly on the company in proportion to their income or assets. These taxes cannot be shifted to others and are borne solely by the taxpayer.
However, these will be additional references as these taxes are collected on behalf of the South African Revenue Service authority from customers, suppliers or employees, and not the company itself.Naspers, the largest South African company by market cap headquartered in Cape Town, operates across 31 countries, ultimately diversifying its tax payments.
The company paid a total of R2.8 billion in direct income tax, marking an increase of nearly R300 million from the previous year. Of this amount,Shoprite’s expansion has been notable, growing from 1,581 stores in 2014 to 3,543 stores in 2023, employing over 153,000 people.