insert_link Business / Economics NamRA Warns Importers Over Unpaid VAT The Namibia Revenue Agency has cautioned that importers who fail to settle outstanding deferred VAT balances may have their accounts suspended. NamRA’s Tonateni Shidhudhu, manager of strategic communications and stakeholder engagements, said affected importers must pay VAT upfront at customs and clear any arrears to avoid disruptions. today23 December, 2025
insert_link South Africa SA Finance Minister Urges Global Action on Tax Reforms S.A Finance minister says much more work still needs to be done to ensure all countries implement international tax reforms. Enoch Godongwana was speaking on the sidelines of the G20 Finance Ministers’ and Central Bank Governors’ meeting in Cape Town on Wednesday. today27 February, 2025
insert_link South Africa Cosatu Applauds SA’s Progress on FATF Grey List Removal In South Africa, Cosatu has commended the government’s progress towards removing the country from the Financial Action Task Force grey list. South Africa was grey listed in February 2023, for not complying with international standards that relate to money laundering and addressing illicit financial flows. National Treasury has addressed 20 out of the 22 action items outlined in its action plan. Cosatu’s spokesperson, Matthew Parks, says the government must ensure […] today26 February, 2025
insert_link Business / Economics South Africa nears compliance with the Financial Action Task Force’s financial crime requirements South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed: today31 October, 2024
insert_link South Africa Swiss national receives R500 Million from SA’s Road Accident Fund South Africa's Road Accident Fund has raised concerns about foreign nationals benefiting from its social schemes. CEO Collins Letsoalo informed Parliament’s standing committee that the fund’s largest payout, over 500 million rand, went to a Swiss national. Letsoalo said that some claimants should not be allowed to benefit from the system. today17 October, 2024
insert_link Business / Economics Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds. He also revealed that the Consumer Credit Bill will be tabled by Parliament next year. today26 September, 2024
