Minister of Finance Tito Mboweni recently reported that despite generating an annual revenue of about R90-billion, the SA Revenue Service only manages to collect a minuscule R5-million in annual corporate income tax from the taxi operators. Tax authorities should be mindful of not treating the.
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Government’s plan to ‘formalise’ and regulate taxis in South Africa
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Transport minister Fikile Mbalula has established a national relief fund for taxi and e-hailing operators, to offer support after the impact of the Covid-19 pandemic. But to qualify, operators will need to subject themselves to tighter regulation.
First
announcedin June 2020, the relief fund is not compensation for loss of revenue due to lockdown restrictions, but rather forms part of general government assistance.
However, the directive also aims to effectively
formalise the taxi sector, with applicants having to meet a number of strict conditions before they qualify for funding.
HETN proposes innovative solutions to SAâs higher education funding crisis
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The Higher Education Transformation Network (HETN) has come up with proposals on how government and the private sector could help solve the higher education funding crisis.
HETN said it supported the demands made by the South African Union of Students (SAUS) and various students organisations on matters that needed to be addressed within the higher education sector.
The SAUS has more than 15 demands among those is the demand for free quality education for the poor and the missing middle, and the suspension of academic exclusion for the 2021 academic year because of the impact of Covid-19.
NEARLY 1,000 registered businesses closed shop last year in Arusha Region alone, causing unemployment and loss of billions of shillings in government revenues.