SARS confirms 81 South Africans in Panama Papers linked to 79 offshore accounts

SARS (South African Revenue Services) has confirmed 81 out of 1700 South Africans in the Panama Papers with links to 79 offshore accounts.

702's John Robbie spoke to Vlok Symington, who is the SARS Executive of Product Oversight, Legal and Policy Division, who explained the current state of their investigation based on the information they have gathered so far.

Symingotn urged these people to come forward immediately to sign a voluntary disclosure agreement.

Listen to the interview below:

It is the end result of these offshore companies that allow our residents to avoid and evade South African tax liability.

Vlok Symington, SARS executive

We have started to match the 1700 names with our database. At the moment, we have confirmed 81 names and we were able to link them to 79 offshore accounts.

Vlok Symington, SARS executive

We have the names of the intermediaries who helped them assist set up the accounts...The next step is to give them an oportunity to explain themselves.

Vlok Symington, SARS executive
Read More
"We Clean It All" wins Datsun GO+ panel van in live lucky draw

"We Clean It All" wins Datsun GO+ panel van in live lucky draw

Christopher Kapanga's small business offers innovative cleaning solutions to clients based in northern Joburg and Pretoria.

Parks Tau sets his sights on 257 municipalities at SALGA

Parks Tau sets his sights on 257 municipalities at SALGA

Tau emphasised the importance of representing the interests of the country's municipalities as SALGA chairperson.

Rhulani Baloyi: November Lead SA Hero and tutor in Alexandra

Rhulani Baloyi: November Lead SA Hero and tutor in Alexandra

Baloyi stands a chance of being named Lead SA Hero of the Year in recognition of his commitment to making a difference.

702 partnership sees podcasts opening conversations about HIV/Aids

702 partnership sees podcasts opening conversations about HIV/Aids

Partnership with not-for-profit The Moth is aimed at raising awareness about stigmas and lack of education around the subject.

Prasa racks up R14 billion in irregular, fruitless and wasteful expenditure

Prasa racks up R14 billion in irregular, fruitless and wasteful expenditure

Prasa said former CEO, Lucky Montana, must account for the R24 billion being probed over contracts under his watch.

What does the updated Integrated Resource Plan mean for SA's future in energy?

What does the updated Integrated Resource Plan mean for SA's future in energy?

Dr O'Connor caustioned against SA going nuclear and highlighted the reducing cost of renewable energy in recent years.