As new banks with radically different cost structures enter the market, the question is whether South Africa’s large banks are well placed to respond to the digital onslaught.
Author: Inge Lamprecht
The proliferation of digital financial service providers may see a more streamlined Fica process in future, though this may give rise to privacy concerns.
Despite widespread calls that data prices must fall to broaden Internet access, government and business remain at loggerheads on the subject. Telecommunication has been earmarked as a sector that can promote
On the surface, locally listed media and Internet behemoth Naspers doesn’t have much in common with US electric vehicle producer Tesla. But scratch below the surface and the companies have more in common
The South African Revenue Service’s announcement that it considers cryptocurrencies to be intangible assets and not currencies has brought an end to widespread speculation about the nature of cryptocurrencies
The South African Revenue Service will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their
Government has proposed a one percentage point increase in the value-added tax rate to 15%. The increase was widely anticipated in tax circles as it is arguably the most effective way of raising significant amounts of
For the first time in its 18-year existence, the Ombud for Banking Services has received more Internet banking than ATM complaints. The trend is indicative of a move towards technology in the banking sector and that more
As bitcoin continues its roller-coaster ride, taxpayers need to brace themselves for heightened scrutiny of their declarations in relation to cryptocurrency gains. The South African Revenue Service has confirmed that it will clarify
The South African Revenue Service is in discussions with some of the top technology companies in the world to enable it to track cryptocurrency trades more efficiently. Interest in cryptocurrencies, like bitcoin, has risen significantly