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The week that was: Fin24's top 5 stories

, here is the week that was...

1. Higher refunds at SARS result in R14.6bn deficit

The SA Revenue Service announced on Monday afternoon that it had collected R1 287.6bn in tax for the financial year ended March 31 2019, some R14.6bn less than what was estimated in the revised Budget.

Over the next decade, the global travel and tourism sector is expected to generate an additional 100 million jobs - or 1 in 4 new jobs created, according to Gloria Guevara, president and CEO of the World Travel and Tourism Council.

"It should be noted that these are preliminary results, which will be subject to detailed financial reconciliation and a final audit." the agency said in a statement.

Sars acting head Mark Kingon


2. SA Tourism CEO Sisa Ntshona suspended pending investigation

The CEO of South African Tourism, Sisa Ntshona, has been suspended, the board said in a statement on Tuesday afternoon.

The board is investigating allegations received against Ntshona via its anonymous tip-offs reporting mechanism, the statement said. It did not elaborate on what the allegations were.

It said the investigations would be conducted in the "best interest of all parties".

3. From load shedding to winter prep, here's what you need to know about Gordhan's latest Eskom briefing

From load shedding to Eskom's winter plan, Public Enterprises Minister Pravin Gordhan along with Eskom board chairman Jabu Mabuza and several other Eskom executives briefed the media on the status of the country's electricity supply.

Gordhan could also not say then when load shedding would be a thing of the past, saying that the technical review team needed some 10 - 14 days to assess the various power plants.

electricity,eskom,energy,power lines

4. 'The whole country is counting on us': What Eskom boss told staff when stage 4 hit

"The whole country is counting on every one of us to do the right thing". 

This is what Eskom's Chief Operations Officer, Jan Oberholzer, wrote to staff in a memo mid-March when the power utility was implementing stage 4 load shedding to keep the lights on. 

In the letter, which Fin24 has seen, he said the implementation of stage 4 rotational power cuts was a "dark day" for Eskom and the country.

JOHANNESBURG, SOUTH AFRICA â?? January 30: Eskom c

5. Back to the future: Here's what the travel industry might look like in just a few years

Over the next decade, the global travel and tourism sector is expected to generate an additional 100 million jobs - or 1 in 4 new jobs created, according to Gloria Guevara, president and CEO of the World Travel and Tourism Council.

More than 1 500 global leaders are attending the event, which has the theme this year of "changemakers".

"If we don't work on our future, the growth predictions could fail to materialise, impacting millions of jobs and progress towards the sustainable development goals," Guevara added.

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