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In September Moody’s, a credit agency, cut South Africa’s sovereign rating, citing the declining quality of the government, growing social stresses and worsening conditions for investment. Meanwhile, South Africa’s leaders have floundered. The ANC’s leadership is up for re-election at a party conference in December.
Transfer pricing has become a critical issue for African tax administrators who are facing increased levels of inward investment and, South Africa, long-regarded as a natural home for onward investment into the African continent, is in danger of lagging behind other countries in Africa
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Apr 23, 2014· They have broken through a slab of concrete covering the entrance to the shaft, one of 6,000 abandoned mines, many around Johannesburg, known as “eGoli,” or “City of Gold” in Zulu. At least 40 unlawful prospectors have died in South Africa this year as mines collapse, workers succumb to poisonous gases and gangs wage turf wars …
South Africa is now the sixth-largest gold producer, behind Russia, China and Australia, among others, but gold still makes up 60% of the country's exports. Hard time for investors Investors in gold shares had a hard time last year with the JSE gold index closing down 54.6%, after losing 18.4% in 2012, although Major said there is still a lot …
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