Condia Insider: Walmart rolls out the mat in South Africa

We have prepared context and insights about this week’s leading news. The stories are:

• South Africa introduces a new tax for social media influencers
• Walmart to set up shop in South Africa
• Bolt is #1 on the App Store, but drivers aren’t riding along

South Africa introduces a new tax for social media influencers

South Africa’s influencers are about to find out that while likes don’t pay the bills, they can add to your tax bill.

The South African Revenue Service (SARS) has ruled that all influencer income, including cash, affiliate links, sponsored posts, free trips, and even gifted products, counts as taxable earnings. In short: if you got paid in money, merch, or “exposure,” it needs to be declared. (Wahala loading)