Oil and gas bill published; Further loadshedding; Trade surplus widens; Rand lifts; R50bn lost in Tax Gap
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In today's business headlines:
- A long-anticipated draft of oil and gas legislation has been published in the Government Gazette that is aimed at increasing the development of the industry;
- Further loadshedding may occur this week as Eskom says that the systems is still “severely constrained;
- South Africa’s trade surplus widened in November as the value of imports of equipment components and chemical products decreased;
- The rand rose to a new five-month high at the end of last week as investors globally looked to take on risk, targeting emerging markets for their higher yields; and
- The Davis tax committee has estimated that the annual tax gap in South Africa is at least R50bn.
- A long-anticipated draft of oil and gas legislation has been published in the Government Gazette that is aimed at increasing the development of the industry;
- Further loadshedding may occur this week as Eskom says that the systems is still “severely constrained;
- South Africa’s trade surplus widened in November as the value of imports of equipment components and chemical products decreased;
- The rand rose to a new five-month high at the end of last week as investors globally looked to take on risk, targeting emerging markets for their higher yields; and
- The Davis tax committee has estimated that the annual tax gap in South Africa is at least R50bn.
