Author Archives: Prenisha Govender

South Africa: The South African revenue service joins the global rise of crypto-wars

By Prenisha Govender, Associate and Keketso Kgomosotho, Candidate Attorney, Tax Practice, Baker McKenzie Johannesburg. The growing popularity of cryptocurrencies worldwide, which is increasingly leading to its stronger footing in international business, has awakened tax authorities everywhere to a possible new revenue stream from unreported gains. Over recent years, we’ve seen a marked increase in crackdowns […]

New Export Tax on Chrome Ore Intended to Resurrect the Ferrochrome Industry, but challenges prevail

By Prenisha Govender, Associate, Tax, and Angelo Tzarevski, Senior Associate, Competition & Antitrust, Baker McKenzie Johannesburg  The South African Government recently approved a tax on South Africa’s exported chrome, although the tax percentage and further details are still to be announced. The ferrochrome ore industry has been severely threatened in recent years, mostly due to […]