Banking on the banks
SA’s major banks show a robust recovery, delivering strong financial performance despite complex conditions. Trading conditions in South Africa began 2022 with momentum, as the first quarter GDP figure reflected an economy that returned to pre-pandemic levels. This outcome was underpinned by the lifting of lockdown restrictions, strong terms of trade, and high commodity prices. […]
Beware of scams during filing season
In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity for taxpayers’ information to be abused, subjecting taxpayers to potential financial loss. Scammers thrive on the inherent vulnerability of taxpayers during the tax season and know how to capitalise on the taxpayers’ struggles in dealing with […]