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SARS WANTS IN ON CRYPTOCURRENCIES

The South African Revenue Service recently stated that it will not treat cryptocurrencies such as Bitcoin and Ethereum as currencies for tax purposes. Instead, tax principles will apply to cryptocurrencies as if they are intangible assets. Despite (because of?) the statement, uncertainty remains regarding the tax consequences of a cryptocurrency gain. The Money Show’s Bruce Whitfield interviewed […]
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VAT HIKE: THE GOOD, BAD, AND UGLY

The good news about the VAT hike is the government decision to exempt 19 food items from VAT, to ease the burden on the poor, says Jonathan Hurvitz, financial director at Teljoy and retail industry expert. These are maize, rice, brown bread, vegetables, dried beans, fruit, samp, vegetables oils, maize rice, legumes, pilchards, eggs, dried […]
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AIRBNB DATA HIGHLIGHTS THE IMPACT OF HOME SHARING

Cape Town – Despite criticisms and clampdowns by cities of listings on Airbnb, their new data for 2017 appear to show positive impacts on local communities and getting tourists off the beaten track. Currently the house sharing website has 4.85 million listings in over 191 countries around the world, citing that 79% of travellers prefer […]
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DEMAND FROM INVESTORS FOR NEW AMDEC DEVELOPMENTS

New developments by the Amdec Group are seeing a boom in demand from early property investors who are buying into two major new developments in Cape Town – The Yacht Club, and Harbour Arch – and One On Whiteley in Joburg. According to the group, the Yatch Club in particular has enjoyed a significant return […]
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ARE ROBOTS COMING FOR YOUR JOB?

The possibility of Artificial Intelligence (AI) outperforming humans on a range of tasks might seem like the stuff science-fiction is made of, but the truth is it’s very real. The rise of AI is growing much faster than people might expect. This is according to Chairman of the Red and Yellow Creative School of Business […]