December, 2016

 

Taxpayers warned to be on scam alert

The SA Revenue Service (Sars) warned taxpayers, including corporate organisations, to be on the lookout for scams and fraudulent activities during the festive period.   Sars said in a statement on Tuesday that it has noted several scams, including the issuing of fake Third Party Appointment (AA88) notices to companies, the unauthorised use of its logo as well as individuals posing as Sars staff.     In most cases, these scams require the individual and corporate taxpayer to make a payment and may also request personal details, including banking details. 


Grandparents shot while babysitting in North West home invasion

Grandparents babysitting their grandchildren were shot during what is believed to be a house robbery in Umgeni Road in Lethabong, North West province early on Wednesday morning. ER24 spokesperson Chitra Bodasing said paramedics rushed to the scene and found a wounded woman seated at the back of a vehicle and a man limping nearby. The couple, in their 50s, are understood to have been babysitting their grandchildren at the time of the incident. “Upon assessment of the woman, it was found that she was in a critical condition. She hadRead More


Corrupt traffic officials fuelling rising road death toll‚ says Peters

Corrupt officials are a contributing factor to the growing number of fatalities on South African roads‚ Transport Minister Dipou Peters said on Tuesday. She was addressing members of the media at the Protea Hotel in Midrand on Tuesday‚ where she was delivering a progress report on the state of the Festive Season Road Safety Campaign which was launched at Eldorado Park‚ Soweto‚ at the beginning of December. “This is a big challenge that we have. In October‚ there was a sting operation in Benoni by the Hawks where several ofRead More


Speedster’s R40‚000 fine is not punishment enough‚ says traffic law enforcers

A KwaZulu-Natal motorist has been fined R40‚000 for speeding at 223km/hour‚ the Road Traffic Management Corporation says. The RTMC‚ which helps coordinate and promote improved road safety initiatives‚ would have liked a stiffer penalty for the Merc C63 driver. “We are calling for tougher sentences for speeding and negligent drivers. “His driving licence should have been cancelled‚” the agency said. story


East London business owner in hot water for using ‘free’ electricity

 A wealthy Eastern Cape businessman has allegedly been using “Izinyoka”‚ illegal electricity connections‚ to light up three of his East London businesses. Buffalo City Municipality (BCM) spokesman Sibusiso Cindi said Michael Osner‚ who owns a pizza store and two popular pub and grub businesses in Nahoon and Abbotsford‚ had allegedly been stealing electricity from the metro for the past two years. Osner‚ who is the director of the Kat Leisure Hotel Group‚ denied on Monday that he had illegal electricity connections at any of the businesses‚ saying he suspected thatRead More


IMF chief Lagarde found guilty over French tycoon payment

A French court on Monday found IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but spared her a fine or prison sentence. The Court of Justice of the Republic found against Lagarde over her handling of a dispute between the state and flamboyant businessman Bernard Tapie, which ended in a 404-million-euro ($422 million) award for Tapie. In a blow to her otherwise stellar career, the court rapped Lagarde for failing to contest the massive payment.


More than 3000 motorists arrested in first 16 days of festive season

A total of 3078 motorists have been arrested on South African roads in the first 16 days of the festive period for drunken driving‚ speeding‚ reckless and negligent driving‚ and the possession of false documents‚ the Road Traffic Management Corporation (RTMC) announced on Monday. The highest number of arrests for driving under the influence of alcohol was recorded in Gauteng‚ where 1639 motorists were arrested. Meanwhile‚ the Free State recorded the highest number of arrests for speeding with 113 motorists nabbed.


Alleged crystal meth kingpin instructed hand himself over to cops

The alleged kingpin of an underground “crystal meth” operation in Pomona has been instructed to hand himself over to the police within 24 hours‚ the Hawks said on Tuesday. The priority crimes unit also said that the four men arrested when the “clandestine laboratory” was raided last week are due to appear in the Benoni Magistrates Court on Wednesday.


Competition watchdog probes R10-billion school uniform monopoly

The Competition Commission is poised to get tough on South Africa’s school uniform monopolies, which force parents to cough up thousands of rands for new school kit even though similar items can usually be bought elsewhere at a fraction of the cost. At the heart of the commission’s proposed investigation into the R10-billion school uniform industry are long-standing “exclusive supplier” arrangements entered into between school governing bodies, principals and retailers and manufacturers. The commission’s warning comes as parents start shelling out thousands of rands for new uniforms for the 2017Read More


Hawks rescue 26 women and girls from Klerksdorp brothel

The Hawks rescued 26 women and girls from a suspected brothel in Klerksdorp in North-West province on Friday morning after a tip-off‚ the elite crime-busting squad confirmed. It said the ages of the women and girls ranged from 14 to 37 years. Nineteen men‚ including a Nigerian national‚ were also found by on the property and are currently being questioned by the Hawks.


Fat fine for Absa

The South African Reserve Bank (Sarb) slapped Absa Bank [JSE:BGA] and Société Générale with a collective R12m fine, it said in a statement on Thursday. “This was after the Sarb conducted inspections in terms of the Financial Intelligence Centre Act (FIC Act) and found weaknesses in Société Générale’s and Absa’s anti-money laundering and combating the financing of terrorism control measures.” The FIC Act mandates the Sarb to ensure that banks have adequate controls in place to combat acts of money laundering and the financing of terrorism.


Standard Bank affidavit proves corruption‚ says legal expert

The fact that Standard Bank has filed an affidavit seeking protection from political interference proves corruption and raises the question about to what extent the country’s institutions have been captured and abused‚ according to a legal expert. David Loxton‚ partner at Dentons law firm in Johannesburg‚ specialising in corporate investigations and compliance‚ says all South Africans should be concerned by the whole saga. On Friday it was revealed that Standard Bank had filed an explosive affidavit in the High Court in Pretoria appealing for protection against executive interference in theRead More


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