SARS shares in the load shedding blues; Joburg is facing a debt spiral; Vodacom fined over unethical contract cancellations; and medical aids score a win at the ConCourt.
South African Revenue Service Commissioner Edward Kieswetter said they kissed up to R150 billion goodbye because of load-shedding. Load-shedding hampers economic growth and eats into productivity and company profits. This, in turn, affects corporate tax collections. “We estimated last year that revenue lost to load-shedding was about R60 billion but could easily be as high as R150 billion,” Kieswetter said.
[Vodacom has been found guilty of contravening sections of the Consumer Protection Act with its contract cancellation penalty fee, landing a R1 million administrative fine from the National Consumer Tribunal. The NCC found that Vodacom’s conduct was “unethical by imposing terms and conditions that negated the consumers’ right to cancel their fixed-term contracts”.
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