Latest news with #SARS
IOL News
11 hours ago
- Business
- IOL News
SA bleeds R3. 6 billion a year to fuel smuggling and tampering, says SARS
South Africa is losing around R3.6 billion every year because of illegal fuel Image: File South Africa is losing around R3.6 billion every year because of illegal fuel smuggling and tampering, according to the South African Revenue Service (SARS). According to the Revenue Service criminals are importing fuel without paying the correct taxes and mixing diesel with cheaper products like paraffin. "Over the past decade, countries along the Maputo Corridor (South Africa, Swaziland, and Mozambique) have become primary targets of the illicit fuel trade, which is driven by organised criminal networks that smuggle and illegally adulterate fuel," SARS said. "SARS has established that some importers declare fuel amounting to 40 000 litres or less, whereas investigation reveals that up to 60 000 litres of fuel are actually imported. This is called under-declaration, and documents are falsified to perpetuate this fraudulent activity," SARS also reported a national trend involving fuel storage and distribution depots in the illegal mixing of diesel with paraffin, a practice contributing heavily to revenue losses. "SARS has also detected a national trend where many of the fuel-storage and distribution depots are involved in the adulteration of all fuel products, especially through illegal mixing of diesel with paraffin. Fuel adulteration costs the fiscus approximately R3.6 billion per year according to statistics by the International Trade Administration Commission" Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Sars added that government agencies are working together more closely to detect, prevent, and combat fuel adulteration and enforce the Customs and Excise Act. "The intelligence-driven joint-enforcement interventions included search-and-seizure operations targeting certain fuel-storage facilities and depots as well as random sampling of tanker transport to test the fuel viscosity and composition. In some cases, adulterated diesel analysed by in these investigations had up to 68% paraffin content" In a recent operation, SARS and SAPS targeted 23 sites in Gauteng, Mpumalanga, and KwaZulu-Natal and seized over 950,000 litres of contaminated diesel, shut down six illegal fuel depots, and confiscated assets worth R367 million. 'The criminal syndicates engaged in these brazen acts have become emboldened to act callously with no restraint in pursuit of their rapacious and criminal gains," SARS Commissioner Edward Kieswetter said. 'These syndicates can only underestimate our resolve to eradicate this criminality at their peril. These acts threaten the very foundation of our society. Our message is clear: we will spare no efforts to crush them'. IOL Business Get your news on the go, click here to join the IOL News WhatsApp channel
The Citizen
13 hours ago
- Automotive
- The Citizen
Mkhize's luxury cars to go under the hammer
Mkhize's luxury cars to go under the hammer A TOTAL of 13 luxury cars and a tour bus belonging to Shauwn Mkhize will go on auction next week from June 27 to July 2. Mkhize, who was the owner of Royal AM Football Club, was investigated by SARS. Her La Lucia home was searched in August last year, after SARS was granted a preservation order by the Durban High Court. She allegedly owes the revenue services R37m in taxes. Related story: SARS confirms raid of La Lucia businesswoman's home Among the vehicles set to go under the hammer on Bidder's Choice are a 2020 Bentley Continental GTC, five BMWs, four Mercedes-Benz, two Toyota Hilux, a Nissan Hardbody and a Volkswagen Crafter. One of the Mercedes-Benz is a Maybach S680 limited edition – only 100 were made in the world – retailing at about R5m according to The football club is also back on the market after a deal between Global Investments and SARS fell through after the company failed to meet the three-day payment deadline. The reserve is R50 000 and the vehicles can be viewed in Johannesburg. For more from Northglen News, follow us on Facebook , X or Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Click to subscribe to our newsletter – here At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The South African
2 days ago
- Sport
- The South African
Kaizer Chiefs transfers: Matlou, Mdu, Sirino scandal
Today's Kaizer Chiefs transfer wrap includes mixed news on Mdu Shabalala and George Matlou. Meanwhile, Gaston Sirino is in hot water. Mduduzi Shabalala has drawn criticism from some quarters of the fanbase. Matlou, meanwhile, will be on the plane to the Netherlands, but Gaston Sirino has a bone to pick with SARS. 'Mayele will only come to South Africa for a holiday and Amapiano' Chiefs to sign Bafana veteran? 34-year-old Uruguayan Kaizer Chiefs midfielder Gaston Sirino has ignored a request from SARS to pay R6 million in unpaid taxes. That's according to Sunday World . Click for the story Talented midfield player George Matlou will join the squad on their pre-season tour to the Netherlands. That could be seen as a surprise, given his relatively fringe status. Click for the story Speaking of favourites, Mduduzi Shabalala also has plenty to prove at this level. At the start of 2024-2025, Mdu was a critical cog in the Chiefs side, operating from the number 10 role. His output was healthy, too. However, that has dwindled dramatically. After 27 league appearances, he's only got four goals and an assist. His decision-making can also be questioned Click for the story Will Matlou feature prominently for Kaizer Chiefs next season? Let us know by leaving a comment below or sending a WhatsApp to 060 011 0211. Also, subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
2 days ago
- Sport
- The South African
TRANSFER TWIST: Kaizer Chiefs outcast travels to the Netherlands
Kaizer Chiefs depart for the Netherlands soon for their pre-season tour. There will be some surprise names on the flight. George Matlou has hardly featured for the club in recent seasons. Much-loved by fans, 26-year-old Matlou faces an uncertain future at the club. Mama Joy in the news, star owes SARS R6 million 'Mayele will only come to South Africa for a holiday and Amapiano' Talented midfield player George Matlou will join the squad on their pre-season tour to the Netherlands. That could be seen as a surprise, given his relatively fringe status. The 26-year-old Soweto-born star has 40 appearances for the club in total, and only 10 of those came in the league last term. Lebogang Phiri, a versatile central midfielder, has spent his entire senior career in Europe. He left the Bidvest Wits junior setup in 2013 for Denmark's Brondby and never looked back. Phiri has six caps for Bafana Bafana. Click for the story 34-year-old Uruguayan Kaizer Chiefs midfielder Gaston Sirino has ignored a request from SARS to pay R6 million in unpaid taxes. That's according to Sunday World . Click for the story Gaston Sirino in action for Kaizer Chiefs against Stellenbosch FC. Image: Goal Is Matlou still a valued member of the Chiefs squad? Let us know by leaving a comment below or sending a WhatsApp to 060 011 0211. Also, subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
2 days ago
- Sport
- The South African
Kaizer Chiefs rumours: Mama Joy in the news, star owes SARS R6 million
This morning's Kaizer Chiefs news wrap has a nice little Mama Joy anecdote and a huge SARS bill for a star midfielder. Gaston Sirino is in hot water with the South African Revenue Services. Monnapule Saleng is a forgotten figure but Pirates need to find a buyer. Mayele will only come to South Africa for 'Amapiano and a holiday' Nobody has ever questioned the loyalty of Kaizer Chiefs fans. Just look at the continuous disappointments they have faced, and they just keep getting back up off the ground. Could Mama Joy become the latest Chiefs 'Super Fan' to keep morale in the stadium up? We've seen this suggestion more than once this week in our comments sections. Mama Joy doing what she does best. Image: SNL 24 After Pirates hesitated to sell Monnapule Saleng, and with all possible suitors knowing he's unhappy at the club, that will certainly drive his price down. Pirates' bargaining position is significantly weakened. Can they still sell the mercurial winger to a South African side? Click for the story 34-year-old Uruguayan Kaizer Chiefs midfielder Gaston Sirino has ignored a request from SARS to pay R6 million in unpaid taxes. That's according to Sunday World . Click for the story Let us know by leaving a comment below or sending a WhatsApp to 060 011 0211. Also, subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
