OPINION | The SA taxi industry is worth billions. Why is it paying so little tax?

Loading player...
GUEST - Mbavhalelo Mabogo is CEO and Founder, Quickloc8

The South African taxi industry, a cornerstone of the nation's transport landscape, has long been under scrutiny for its apparent underpayment of taxes. However, a closer examination reveals a more complex reality. In 2021, the industry paid only R5 million in annual Corporate Income Tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90 billion. Yet it is crucial to understand the intricacies that lead to this apparent disparity.
20 Sep 2023 4PM English South Africa Business News · Investing

Other recent episodes

Legal framework guiding return-to-office decisions

As working from the office has gained momentum after the rise of many South African employers are reconsidering their workplace policies and requiring employees to return to the office. This raises an important legal question - can companies in South Africa require employees who work remotely to return to working…
24 Apr 12PM 15 min

Managing public finances remains one of the most challenging political deployments in most societies”

According to an academic, accountant and activist Khaya Sithole, Managing public finances remains one of the most challenging political deployments in most societies. Balancing an ever-increasing set of demands through various economic cycles requires political horse-trading that leaves everyone accepting some concessions and the occasional tough medicine when their demands…
24 Apr 12PM 14 min

Impact of Tanzania’s Import Threat on South African Agriculture and Economy

Tanzania has threatened to block South African agricultural imports, creating the potential to disrupt trade and negatively impact South African farmers, including exporters who rely on Tanzanian markets for their produce. Dr Sifiso Ntombela, Agricultural Economist with a strong background in Business Development, International Trade, Economic Policy, and Governance discusses…
23 Apr 1PM 21 min