Sars changes cheque payment rules
As part of ongoing efforts to limit the opportunities for fraudulent activities, as well as decrease possible losses due to similar account names, the South African Revenue Service will from April onwards require that cheques used for payment contain the organisation's entire name and not just "Sars".
Marcus slams SARB 'profit-seekers'
Profit-making should never be a motive for holding shares in the South African Reserve Bank, governor Gill Marcus said in a letter to shareholders, adding that the role of private shareholders was not to determine the Bank's purpose of conduct, but to play a limited role in its governance.
SA banks to use fingerprint verification
The South African Banking Risk Information Centre has entered into a partnership with the Department of Home Affairs that will allow banks in South Africa to conduct online fingerprint verification of bank clients.
Airlines deny World Cup price-fixing
South African Airways and SA Express have denied allegations of price-fixing around the 2010 Fifa World Cup, saying higher prices were due to the number of seats already sold to tour operators, as well as to recover the additional costs of multiple flights to host cities.
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