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Mango’s flights abruptly suspended on Wednesday morning. 15:45
Grounded. Image: Moneyweb
As many as 3 000 Mango passengers may have been affected by the temporary suspension of the low-cost airlineâs flights on Wednesday, according to Mango spokesperson Benediction Zubane.
Zubane confirmed that the airlineâs operations had been suspended by the Airports Company South Africa (Acsa) âdue to outstanding paymentsâ owed to the airport management company. This is as discussions between Mango and the Department of Public Enterprises (DPE) regarding funding for the cash-strapped South African Airways (SAA) continue.
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South Africaâs eroding income tax base: What does this mean for Sars?
By Opinion
By Jean du Toit
Over the course of lockdown, pundits have shared some harrowing statistics regarding the increase in unemployment in South Africa. In general, our unemployment rates are moving in the wrong direction and the affected households have suffered great hardship as a result, but it is important to understand what this means for our tax base and our growing budget deficit.
The statistics
The University of Cape Townâs (âUCTâ) Liberty Institute of Strategic Marketing has used the National Income Dynamics Survey (âNIDSâ) to paint a picture of the number of adults living in households by income band (âthe surveyâ). The survey uses six bands of income and compares the figures of 2017 with that of June 2020, per the below diagram: See attachment