South Africa’s governing party, the African National Congress, is adopting a dangerous political approach used in failing states like Algeria, Zimbabwe and Venezuela. Its aim is to deflect attention from its policy failures and from numerous scandals surrounding President Jacob Zuma, his family and the politically connected #Gupta network. Read full article
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Time is running out for non-executive company directors to register for and charge Value Added Tax (#VAT) for any fees they earn after June this year. South African Revenue Service (SARS) issued a binding general VAT ruling early this month (May), which clarifies the activities considered to fall within the definition of “enterprise” requiring VAT registration….
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Snap Inc. shares plunged after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. Read full article
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