South African taxpayers are struggling with a new fact as SARS ramps up its use of artificial intelligence (AI) to enforce tax compliance with unparalleled precision. "SARS isn’t just using AI to become more automated or efficient, but to crack open the private financial affairs of taxpayers with startling efficiency," says Thomas Lobban, Legal
Friday, July 19, 2024The Special Investigating Unit (SIU) has signed Acknowledgement of Debt (AoD) agreements with 421 students who did not qualify to be funded by the National Student Financial Aid Scheme (NSFAS).SIU Spokesperson, Kaizer Kganyago, said the total value of the AoD amounts to R112 174 825,97.“In addition to the AoDs, the SIU has ma
The African Development Bank Group has approved a R18.85 billion ($1 billion) corporate loan to Transnet for its recovery and growth plans.Transnet has faced operational challenges mainly in the critical rail and port businesses resulting from underinvestment in infrastructure and equipment, theft and vandalism, and external shocks such as floods a
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