Tax revolt in South Africa around TV licence fees

The SABC is facing an uphill battle to increase TV licence compliance rates, as it faces a tax revolt against corruption and mismanagement at the state broadcaster. SABC CFO Yolande van Biljon recently revealed that only 2.5 million of 9.5 million TV licence holders...

Liberty loses out under pandemic pressures

By Roxanne Henderson (Bloomberg) – Liberty Holdings expects to report a loss for the year ended in December after the Covid-19 pandemic hammered its insurance operations in South Africa. The company created what it called a pandemic reserve of about R3bn ($207m) to...