3 Apr 2012

Automotive

 

Look forward to taxing times

For those of you who don't believe it's possible to get blood out of a stone, your friendly taxman has a plan...

Not only has SARS proudly announced that tax collection has increased, but to cheer us all up, the government department we all love is going to tighten its tax collection laws. Apparently the aim is to target wealthy individuals who SARS reckons are costing the country millions of rands every year through tax evasion.

Still on the finance front, Amy Johnson shows you four ways to keep up with payroll and tax law so you don't fall foul of the above-mentioned.

About your mobile phone... Fred Mitchell writes that while the only thing men will boast about as having the smallest has revolutionised the way we work and communicate, it has also become a new avenue for cybercriminals to relieve you of your cash before the taxman does. So beware...viruses are now also infecting mobile devices.

On a much happier note, for those few remaining with money to spare after a round of price increases, our tame motoring editor, Henrie Geyser, has just the vehicle to which you can attach your e-tag. It's the new Mercedes B-Class, which Henrie gives an A for being cute, cool, and connected - rather like Henrie himself, then.

Rod Baker, general manager: content

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Automotive


Renault's best in action at Simola Hillclimb
Renault has once again confirmed its position as the title sponsor of the Knysna Simola Hillclimb which is the highlight of the 2012 Knysna Speed Festival. Renault has supported the exciting growth of the festival from its first hill climb in 2009 to the world class week of events, running from 11 to 20 May 2012. Read more >>

Manufacturing


Daimler opens first Mercedes plant in E. Europe
KECSKEMET: German automaker Daimler opened its first Mercedes-Benz factory in eastern Europe here Thursday (29 March 2012), a rare sign of foreign investor confidence in a country at odds with the European Union. Read more >>

Peugeot in talks with Toyota
PARIS: French auto giant PSA Peugeot Citroen is in talks with Toyota of Japan on joint production at its Sevelnord plant as its Italian partner there Fiat pulls out, union and other sources said on Wednesday (28 March 2012). Read more >>

SA-manufactured cars more expensive here, Naamsa
The Citizen says that it is not uncommon for some luxury vehicles in South Africa to have almost half of the price paid go to government's tax coffers. Vehicles manufactured locally are perceived as more expensive in South Africa than when those same vehicles are exported and sold in international markets. Read more >>

Retail


French car sales drop 21.7% in first quarter
PARIS: French cars sales fell by 21.7% in the first quarter of 2012, figures from the Committee of French Manufacturers (CCFA) showed on Monday (2 April 2012). Read more >>

Bidvest launches finance tool
[Sure Kamhunga] Bidvest Bank is supporting its recent entry into the personal vehicle finance and leasing market by deploying a new web-based self-help tool that allows consumers to work out the optimum tax and finance deal. Read more >>

Advanced Dealer Management programmes begin
[Tania Barlow] A tight and highly competitive vehicle market, and more sophisticated and increasingly more demanding car buyers, have spurred motor dealers into finding ways to enhance the calibre of themselves and their senior staff - especially the business and finance managers. Read more >>


Government
SARS to tighten tax collection laws
The South African Revenue Service has vowed to enhance its tax collection laws in a renewed bid to target wealthy individuals who are said to be costing the country millions of rands every year through tax evasion. Read more >>

SARS announces increased tax collection
Government has once again exceeded its revenue collection target for the financial year that ended on March 31, indicating an improved performance by the South African Revenue Service (SARS). Read more >>

More Government news...


Motoring
B gets A for cute, cool, and connected
[Henrie Geyser: motoring editor] Mercedes-Benz has fed its chubby B-Class a good dose of pep tablets, sent it to the gym and then handed it over to a team of clever high-tech wizards and make-up artists who between them came up with a much rejuvenated car the German car maker calls a Compact Sport Tourer. Read more >>

Motorists warned ahead of Easter break
Transport Minister Sibusiso Ndebele has once again called on road users to exercise extra caution on the country's roads, as traffic volumes are expected to increase from today ahead of the Easter holidays. Read more >>

More Motoring news...


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