Business Day TV talks to Kabelo Khumalo, Business Day companies and markets editor
15 August 2023 - 16:46
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Amid a prolonged legal battle, Capitec’s bid to deduct the VAT that is tied to its loans and insurance policies is still under the SA Revenue Service’s (Sars’) scrutiny.
The bank warns that the Constitutional Court’s possible verdict favouring Sars could ripple through the banking sector, affecting credit availability and consumers.
Kabelo Khumalo, Business Day companies and markets editor, unpacked this in greater detail with Business Day TV.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: Behind Capitec’s dispute with Sars
Business Day TV talks to Kabelo Khumalo, Business Day companies and markets editor
Amid a prolonged legal battle, Capitec’s bid to deduct the VAT that is tied to its loans and insurance policies is still under the SA Revenue Service’s (Sars’) scrutiny.
The bank warns that the Constitutional Court’s possible verdict favouring Sars could ripple through the banking sector, affecting credit availability and consumers.
Kabelo Khumalo, Business Day companies and markets editor, unpacked this in greater detail with Business Day TV.
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