Elle-Sarah Rossato, a partner and head of tax and dispute resolution at PwC South Africa, discusses the Constitutional Court's ruling that second-hand gold does not qualify for a zero rate under the VAT Act.

Tanzania's Finance Bill 2026, introduced by Finance Minister Ambassador Khamis Mussa Omar on 24 June 2026, will take effect on 1 July 2026 and amends 26 laws to implement the 2026/27 budget tax measures. Key changes include the removal of a proposed 1% withholding tax on agricultural produce, a reduction in SME presumptive tax to 4%, and softened excise duties on imported used vehicles, among other adjustments.

Spot gold prices decreased by 0.5%, reaching $3,980.63 an ounce as of 10:50 a.m. in Singapore. This decline is attributed to a stronger U.S. dollar and the outlook on interest rates, which are impacting gold's value in the market.

Nigeria's manufacturing sector reported a record remittance of N329.59 billion in Value Added Tax (VAT) for the first quarter of 2026, marking the highest quarterly contribution in four years, according to Punch.

A businessman has surrendered to police regarding a case involving the alleged theft of R15 million worth of precious metals. Two individuals are set to appear in court in connection with this incident, which dates back to 2023, according to SABC News.

South Africans have a limited time to submit their feedback on the proposed tax changes outlined in the 2026 draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill. The deadline for public input is approaching, emphasizing the importance of citizen engagement in the legislative process.