We have seen a substantial increase in SARS compliance monitoring through their audit department and a requirement to submit an IT14SD.

The IT14SD requires the preparation and submission to SARS of a supplementary declaration (hence the “SD”) to the ITR14 Income Tax return, which includes the following: 

Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could "fix their minds upon one object and go mad in its pursuit". Millions of people, he wrote, "become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first".

A new year has dawned, and with it an ever-increasing pressure to be “better”. Be fitter, healthier and richer. Own the latest car on the market and the most recent technology. The list goes on, and the standards by which we measure our lives get higher. It is easy to become despondent when one is bombarded by the constant pressures portrayed by the media to attain the “perfect life”. Perhaps we should start looking at things from a different angle.