Rolf Prima opens Factory Team applications

first_img Related Rolf Prima, the high-end, US based wheel manufacturer is currently accepting applications for its Factory Team. Current members of the Rolf Prima Factory Team ride and compete in triathlon, road, MBK and cyclocross events across the US.“Our mission with the team is to support athletes of all abilities, from the first timer to the elite level,” said Brooke Stehley, Rolf Prima’s Marketing Manager. “We are not a team that is only about winning; we’re open to all levels because it’s more about the personal journey. Having great training partners and a race-day boost from teammates is really what keeps us excited.”Interested athletes can read more about the Rolf Prima Factory Team at www.rolfprima.com/factory-team, or send inquires to factoryteam[at][rolfprima.com.Applications will be accepted through to the end of the year.www.rolfprima.comlast_img read more

South Africa’s opposition, civil society fight against increase in VAT

first_imgFinance Minister Malusi Gigaba delivers his budget address at Parliament in Cape Town, South Africa February 21, 2018. REUTERS/Mike Hutchings Finance Minister Malusi Gigaba delivers his budget address at Parliament in Cape Town, South Africa February 21, 2018. REUTERS/Mike HutchingsSouth Africa’s opposition parties and civil society organisations are gearing up to fight the proposed increase in Value Added Tax (VAT).Former Finance Minister Malusi Gigaba announced last week that the country’s VAT would increase by one percentage point from 14 to 15 percent.The VAT, which is charged on all goods and services in the country is expected to increase will generate around $2 billion, which is set to go towards filling the $4 billion hole in the fiscus.The Treasury had been debating increased taxes for years, trying to find ways to lift declining revenues.  But opposition parties, unions and civil society groups argue that this tax will hurt the poor.“Up to 6 million of those South Africans actually take care of families. So, you have families whose livelihoods have now been compromised, that cheque that used to take of up to four people has just been depleted by this increase in VAT. Water, electricity, books, school uniforms and all food items should be zero rated.” Sizwe Pamla, the National spokesperson of Congress of South African Trade Unions said.There are just 19 items in the food basket that are zero-rated.It’s little comfort for South African consumers that spend 70% of their household income to feed their families.Other items that are exempt from VAT include fuel and education.  But petrol has several other taxes attached to it that make up third of the actual price one pays at the pump.“I think that was perceived to be the only option to raise a significant chunk of money in the short term. Even if you are basically homeless and surviving on tips you’re still getting some money and spending it in the shops.” Billy Joubert, the Director Tax Transfer pricing at Deloitte said.The Treasury also announced that social grants will increase by just over $2 this year, and it believes this will cushion the blow.  But taxes on fuel will also go up, which will push up food and transport costs.Some of the citizens interviewed by CGTN’s Sumitra Nydoo had this to say;“We don’t benefit from that VAT. You go to municipal offices, you have a problem. You go to housing, you’ve got a problem. Everywhere we go, there is a problem.”“The reason why there’s this increase, they wanted to recover the money that was eaten by these corrupt politicians. So, now we have to suffer.”The DA and several other bodies have launched a petition to stop the increase in VAT.  Some experts believe there are other ways to lift revenues without taking from the poor.“There’s no doubt further tweaking can be done. But the more you do that, the more you actually undermine the extra revenue being collected through the 1 per cent increase. Joubert said.Middle income earners who are highly indebted will also feel the pinch.“It means those people they are going to continue to struggle to keep up with their debt payments. At the same time they have nothing left to participate in the economy.”Pamla said.If protests are unsuccessful, come 1 April South Africans will not only have to deal with paying more VAT but will also have to deal with increased taxes on other goods and services including fuel, electricity, sugar, tobacco and alcohol.last_img read more