Over 6-million South Africans, representing 91.5% of the country's eligible
taxpayers, submitted their income tax returns this year, the SA Revenue Service
reports. This was over seven percent higher than last year, despite a doubling of
the threshold for having to submit a return.
More and more black South Africans are entering the ranks of the middle class and
outspending their historically wealthier white counterparts, new research shows.
This bodes well for the economy, spurring demand for consumer goods and
construction, and increasing entrepreneurship.
The newly launched Buy Back SA campaign urges South African consumers and company procurement managers to combat cheap imports and support job creation by buying locally manufactured products.
President Jacob Zuma officially launched the R1-billion Spring Grove Dam in Howick, KwaZulu-Natal on Tuesday with a call on South Africans to save water, bearing in mind that they were living in one of the 30 driest countries in the world.
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