TAX WARNING WHEN PURCHASING AIRTIME VOUCHERS
Confusion persists over how airtime vouchers are processed for value-added tax (VAT) in South Africa, with attempts by mobile operator MTN to clear things up with the South African Revenue Service (SARS) falling flat. The issue was highlighted by consultancy firm PwC in a recent report, which laid out how airtime vouchers in the country […]
AMAZON LOSES 1 TRILLION IN VALUE
Amazon, one of the first companies to join the prestigious $1 trillion dollar valuation club, just passed another, admittedly less desirable milestone. This week, Jeff Bezos’ Everything Store became the first publicly traded company to lose $1 tillion in market valuation. The mind boggling figures, first noted by Bloomberg, are the results of a worsening economy, repeatedly dour earnings […]
RUSSIA ORDERD IT’S TROOPS TO WITHDRAW FROM THE CITY KHERSON
Russia has ordered its forces to withdraw from the Ukrainian city of Kherson, the only regional capital seized by President Vladimir Putin’s troops since the war began. The announcement on Wednesday followed weeks of Ukrainian advances towards the city and signalled a potentially huge blow to Russia’s military campaign in Ukraine, which it invaded in […]
BINANCE BACKED OUT AFTER REVEIWING FTX’S STRUCTURE
The world’s largest crypto exchange by volume, Binance, said it would walk away from a deal with the third largest crypto exchange by volume, FTX. On Tuesday, Binance signed a letter of intent to purchase its troubled competitor, FTX, in what appeared to be a potential bailout of the latter amid a liquidity crunch. But […]
