Tag: asset ownership
Taxi industry and the complexity of tax compliance
The South African taxi industry, a cornerstone of the nation's transport landscape, has long been under scrutiny for its apparent underpayment of taxes. However, a closer examination reveals a more complex reality. In 2021, the industry paid only R5 million in annual Corporate Income Tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90 billion.
The Uber of venture capitalism – invest now
CloudCap is an innovative new investment portal with proven returns of between 18 and 21% per annum, in full compliance with South African financial regulations. It allows you to invest in a range of start-ups and established companies in cutting edge and disruptive industries like artificial intelligence, medical technologies and fintech.
Female-led businesses are vital to close gender gap in SA
The recent economic reconstruction and recovery plan delivered by South African President Cyril Ramaphosa, emphasised the intention of Government to assist female-led businesses that have experienced hardships as a result of COVID-19.
