"SARS made their intentions clear by re-establishing the High Wealth Individual (HWI) Segment in 2021 to focus on the tax affairs of the wealthy, while strengthening its investigative capabilities. In September 2022, it warned that it was increasing…
“The tax benefits announced during the budget speech encourage the development of rooftop solar on residential and commercial buildings, however the regulation and practical implementation of grid feed-in schemes are still unknown at this time,”…
"In his National Budget Speech on Wednesday, South African Finance Minister Enoch Godongwana announced that from 1 March 2023, businesses will be able to reduce their taxable income by 125% of the cost of an investment in renewables," says Irene…
Following today’s National Budget Speech by Minister of Finance, Enoch Godongwana, the following is commentary regarding key outcomes from tax experts at Mazars in South Africa.
“In light of the current economic environment, it has become increasingly important for consumers to pay special attention to the National Budget Speech, as key decisions made by the Minister will have an impact on their personal financial situation…
Statistics South Africa (StasSA) has just announced that the annual consumer price inflation was 6,9% in January 2023, down from 7,2% in December 2022.
President Ramaphosa may announce a state of disaster to deal with the energy crisis, and a cabinet reshuffle also remains a possibility this week after Deputy President David Mabuza confirmed his resignation over the weekend, says the Bureau…
While this might suggest some risk that the main budget deficit this year could undershoot the MTBPS target of 4.9% of GDP, some caution is warranted given that consumption-related taxes and corporate profitability are likely to have been hard…
Ninety One Portfolio Managers Iain Cunningham and Alex Holroyd-Jones discuss the likelihood of a developed market recession and an end to ultra-loose Japanese monetary policy in 2023
"The driving force of an entrepreneur lies less in what most people think – making money – and rather in the satisfaction derived from solving real life problems. That makes South Africa an exciting place given the country has lots of problems,…
"We had projected food inflation peaked in November at 12.5% and that it would ease to 11.9% in December. While food inflation did ease for the first time in eight months, the decline was more marginal to just 12.4%," says Absa.
The Bureau for Economic Research has announced that average inflation expectations of analysts, business people and trade unions for 2022 edged up from 6.5% in the third quarter of 2022 to 6.6% in the fourth quarter.
“The welcomed improvement to the BankservAfrica Economic Transactions Index (BETI) occurred against the broader economic context that has remained fairly grim during December, with load shedding continuing, interest rates and inflation remaining…
Falling interest rates would be the payback for taming inflation and the restoration of price stability, which is so important for businesses to plan and invest sensibly, says Chief Economist & Strategist at Schroders, Keith Wade.
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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