Tag: Edward Kieswetter
Edward Kieswetter, Commissioner of the South African Revenue Service charged with the job of collecting the country's dwindling tax in the teeth of the COVID-19 pandemic. How much are we missing, how much did the ban on alcohol and cigarettes cost the county's coffers? What can be done about it? He joins CNBC Africa for more.
At a time when the South African government plans to pour billions into reviving the economy the tax people say it will have less to play with in future. SARS Commissioner Edward Kieswetter told the press this afternoon that tax collection was likely to have lost at least R285 billion so far through the COVID-19 lock-down and was likely to lose between 15 and 20 per cent of the annual tax take. He joins CNBC Africa for more.
Despite a weak economy, SARS as of midnight last night, managed to collect R1.4trn in tax revenue - growth of 5.3% for the 2019/2020 year.
SARS Large Business Centre has reopened. The business unit, aimed at encouraging tax compliance from ultra-high net worth individuals and large companies, was dismantled in 2015 but has opened again with renewed purpose. CNBC Africa spoke to Commissioner Edward Kieswetter on the back of the launch.
With just over 30 days in office, SARS Commissioner Edward Kieswetter has been clear about cleaning up the nation’s tax collection agency. CNBC Afria's Kopano Gumbi spoke to him about what to expect from SARS.
Yesterday the country received an announcement from National Treasury about the official appointment of the new SARS boss. Edward Kieswetter will take over as commissioner effective from May 1st. Kieswetter served as SARS’ deputy commissioner between 2004 and 2009, he now returns with high expectations for the role. He joins CNBC Africa for more.
Transnet CEO, Siyabong Gama, remains fired. The company board made the move whilst a process of arbitration was expected to take place as ordered by labour court last Friday. To get more details about this move and where to for Transnet, CNBC Africa is joined by board member Prof. Edward Kieswetter.