The announcement came after the expiry of a three month amnesty for the return of funds including export proceeds, payments for phantom imports and "funds transferred to foreign banks in cash or under spurious circumstances".
A South African civil engineering company based in Gauteng province, Isivuvu Technical Solutions, wants to expand its footprint to Ghana and Nigeria in the engineering, energy generation and transmission sectors, its managing director said this week.
South African Revenue Service (Sars) commissioner Tom Moyane on Friday denied any involvement in approving a value-added tax (VAT) refunds to Oakbay, a company linked to the controversial Gupta family, through a third party.
Africa's leaders will gather in Rwanda Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up.
South Africa’s Rand weakened against the Dollar early on Monday as caution gripped investors ahead of a Moody’s credit rating review announcement and the US Federal Reserve’s interest rates decision due later in the week.
The OECD warned Friday that countries have failed to reach a consensus on how to tax technology giants like Apple and Google, with the United States and European Union at odds as fears grow of a trade war.
Gains in technology and financial stocks lifted Wall Street on Friday but the main indexes were still on track to record losses for the week that was dominated by trade war worries and political uncertainties.