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Southern Cape Business News

Gordhan explains why he did not increase the VAT rate
Gordhan explains why he did not increase the VAT rate
2017-02-24 09:43:02 AM
BUSINESS NEWS - Finance Minister Pravin Gordhan says the South African tax system has to be redistributive if the country is to usher in radical socio-economic transformation.The Minister said this...
SolaHart geysers can last 30 years
SolaHart geysers can last 30 years
2017-02-23 01:39:02 PM
SOUTHERN CAPE BUSINESS NEWS - A Solar geyser is not a solar geyser if you can't switch off your power on the system completely.   SolaHart prides itself on being the world leader in quality...
Mantashe says SA must support poverty reduction efforts
Mantashe says SA must support poverty reduction efforts
2017-02-23 09:08:58 AM
BUSINESS NEWS - African National Congress (ANC) Secretary-General Gwede Mantashe has highlighted the importance of South Africans supporting government's poverty reduction efforts.In his budget speech...
Budget 2017: Gordhan expected to stay on cost saving path
Budget 2017: Gordhan expected to stay on cost saving path
2017-02-22 09:25:19 AM
BUSINESS NEWS - Finance Minister Pravin Gordhan is expected to focus on ensuring government is getting bang for its buck when he delivers the budget speech on Wednesday afternoon.Some experts are...
ZARX receives 'overwhelmingly positive' feedback
ZARX receives 'overwhelmingly positive' feedback
2017-02-21 09:19:02 AM
BUSINESS NEWS - Newly launched stock exchange ZARX concluded its first trade in just 10 seconds.ZARX was launched on Monday, providing the first competition for Africa’s oldest stock exchange,...
Will SA traders implicated face prosecution?
Will SA traders implicated face prosecution?
2017-02-20 09:17:30 AM
BUSINESS NEWS - Clarity is now needed on whether South African traders implicated in currency manipulation will face prosecution.The Competition Commission revealed last week local and international...
Banks accused of price fixing likely settle matter out of court
Banks accused of price fixing likely settle matter out of court
2017-02-17 09:23:56 AM
BUSINESS NEWS - Two of the three local banks implicated in allegations of price fixing say they will now wait on the Competition Tribunal to approach them and further explain the nature of its...
'People buying rand would have been affected by bank collusion'
'People buying rand would have been affected by bank collusion'
2017-02-16 09:36:50 AM
BUSINESS NEWS - The Competition Commission says people buying the rand would have been affected by the actions of 17 banks that have now been referred to the Competition Tribunal for manipulating its...
Not even fatigue can slow her down
Not even fatigue can slow her down
2017-02-16 07:00:00 AM
GEORGE BUSINESS NEWS - Misty Schultz from Misty's Avon has reached her goal of being the top seller of Avon beauty products in the country for 2016.  In the process, she has also become the first...
Barron corporate and sportswear at CB House
Barron corporate and sportswear at CB House
2017-02-16 07:00:00 AM
GEORGE BUSINESS NEWS - The renowned Barron clothing range, best known for its exclusive sportswear and corporate branding on apparel, gifts and workwear, is now available in George at CB House, 88...

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Voting Poll
Finance minister Pravin Gordan says they considered a VAT increase for the 2017 budget, but that an increase should be fine-tuned so that poor people do not have to pay more. Are you willing to pay increased VAT on so-called ‘sin-items’ (alcohol, cigarettes, chocolates, confectionary, certain cuts of prime beef etc) and luxury goods so that basic items can be exempt or remain at 14%?
Yes, the privileged has a responsibility to pay for the poor.
George Herald 37%
No, everyone, regardless of income, should contribute to the state coffers. There’s no such thing as a free lunch.
George Herald 8%
Not as long as our taxes are disappearing down a bottomless pit without recourse.
George Herald 55%
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