Big VAT changes on the cards for South Africa and PIC BEE deal outrage
In the Madlanga Commission of Inquiry, Crime Intelligence head Dumisani Khumalo will continue his testimony after falling ill in October.
Parliament’s investigation, which is running parallel to the official state probe, will have South Acting Minister Firoz Cachalia appear before the ad hoc committee.
Elsewhere in Parliament, the Standing Committee on Public Accounts will continue with its investigation into the alleged corruption with the Road Accident Fund.
Today, 5 November also marks the day that the fuel price cuts will take effect, with the price of petrol to be lowered by about 51 cents and diesel to drop by about 21 cents.
The rand has dropped slightly against the dollar, trading at R17.50 against the dollar on Wednesday as opposed to R17.51 at close on Tuesday.
Here are five big things happening in South Africa today:
Big VAT changes on the cards for South Africa – BusinessTech
Efficient Wealth chief economist Dawie Roodt has said that South Africa might see VAT increase in the future, as other taxes are at their limit and cutting spending is out of the question.
Deputy National Police Commissioner allegedly protected by a convicted car hijacker in Parliament – News24
According to Khumalo’s testimony before the Madlanga Commission on Tuesday, now-suspended Deputy National Police Commissioner Shadrack Sibiya’s personal protector, who accompanied him in Parliament, is a convicted car hijacker.
Eskom robot making international waves – MyBroadband
Eskom’s Powerline inspection robot has garnered the attention of power utilities in several countries worldwide and has been patented in both the United States and South Africa.
PIC BEE deal outrage – BusinessDay
The Public Investment Corporation (PIC) is outraged after paying over R400 million to its BEE partner in Acapulco Trade and Invest relating to Lanseria Airport, alleging the airport’s valuation was inflated by around R1.7 billion.
No e-voting for next local government elections – Newsday
As South Africans gear up for the 2026 local government elections, the IEC has confirmed that electronic voting will not be introduced next year.
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A VAT increase justified by the argument that spending cannot be cut is an unbelievably insane statement, though there is perhaps a difference between spending and thieving. Sadly, if the billions in unnecessary spending, as well as the billions being stolen (often one and the same) were to be eradicated, we could probably enjoy taxation decreases, not increases. It seems that the South African nation is finally waking up to the fact they are being raped by a government that has only one aspiration, that of personal gain at any cost…