According to VAT Modernisation South Africa, the country is losing between 1-point-2 billion US dollars and 2-point-7 billion annually due to Value Added Tax compliance gaps, directly affecting fiscal stability and the ability to fund essential services such as healthcare and education.

As the South African Revenue Service works towards a fully digital VAT system by 2028, VAT Modernisation stresses that the need for businesses to modernize their VAT reporting systems has never been more urgent.

Thami Ngubeni spoke to CEO of VAT Modernisation Shannon Friedman.

According to VAT Modernisation South Africa, the country is losing between 1-point-2 billion US dollars and 2-point-7 billion annually due to Value Added Tax compliance gaps, directly affecting fiscal stability and the ability to fund essential services such as healthcare and education.
As the South African Revenue Service works towards a fully digital VAT system by 2028, VAT Modernisation stresses that the need for businesses to modernize their VAT reporting systems has never been more urgent.
Thami Ngubeni spoke to CEO of VAT Modernisation Shannon Friedman.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

South Africa loses about 2.7 billion dollars due to Value Added Tax compliance gaps

Thami Ngubeni and Victor Kgomoeswana, author of "Africa Is Open for Business" and "Africa Bounces Back".

He's also the Executive Director for Marketing and Communication at the University of Limpopo- discuss business stories that made headlines in the week. 

Thami Ngubeni and Victor Kgomoeswana, author of "Africa Is Open for Business" and "Africa Bounces Back".
He's also the Executive Director for Marketing and Communication at the University of Limpopo- discuss business stories that made headlines in the week.

Business round-up with Victor Kgomoeswana, author of "Africa Is Open for Business" and "Africa Bounces Back"

The Electrical Contractors Association and the South African Equity Workers Association will launch the Electricity Expo Africa in Johannesburg, South Africa tonight.

The groundbreaking initiative is set to redefine Africa's energy landscape by fostering collaboration, showcasing cutting-edge technologies, and addressing critical energy challenges through innovation and sustainability.

Thought leaders, top-tier electrical contractors, and key stakeholders are expected to engage in the future of energy in Africa.

Thami Ngubeni spoke to Mark Mfikoe Director for the Electrical Contractors Association of South Africa.

The Electrical Contractors Association and the South African Equity Workers Association will launch the Electricity Expo Africa in Johannesburg, South Africa tonight.
The groundbreaking initiative is set to redefine Africa's energy landscape by fostering collaboration, showcasing cutting-edge technologies, and addressing critical energy challenges through innovation and sustainability.
Thought leaders, top-tier electrical contractors, and key stakeholders are expected to engage in the future of energy in Africa.
Thami Ngubeni spoke to Mark Mfikoe Director for the Electrical Contractors Association of South Africa.

Electricity Expo Africa in Johannesburg, South Africa is an initiative set to redefine Africa's energy landscape

As COP29 wraps up in Baku, Azerbaijan attendees are no closer to a consensus on a climate finance bill than when it began two weeks ago.

Some economists say the COP conferences are now just meaningless rituals.

The Russian state atomic energy corporation, Rosatom has been participating in the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change.

Thami Ngubeni spoke to Alexander Kormishin, director of the Centre for International Partnerships coordinator of Impact Team 2050.

As COP29 wraps up in Baku, Azerbaijan attendees are no closer to a consensus on a climate finance bill than when it began two weeks ago.
Some economists say the COP conferences are now just meaningless rituals.
The Russian state atomic energy corporation, Rosatom has been participating in the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change.
Thami Ngubeni spoke to Alexander Kormishin, director of the Centre for International Partnerships coordinator of Impact Team 2050.

South Africa loses about 2.7 billion dollars due to Value Added Tax compliance gaps

Business Africa

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