Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.
South African Revenue Service
The South African Revenue Service (SARS) has imposed a full duty refund on automotive components for heavy vehicles.
The refund, published in Government Gazette 40713, was put in place in terms of the Customs and Excise Act.
National treasury has published the reallocation of stopped conditional allocations between municipalities in Government Gazette 40707.
The reallocation was implemented in terms of the 2016 Division of Revenue Amendment Act.
National treasury has emphasised that transformation in the financial sector must be mass-based and sustainable rather than benefiting a few.
The point was made during hearings on transformation in the financial sector held recently in parliament.