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25 Feb 2021

Budget 2021 - Tito surprises South Africans

Leading up the 2021 Budget speech South Africans could be forgiven for not being too optimistic about the prospects, especially when considering the Medium-Term Budget Policy Statement shared in October 2020. That concern was arguably not fully justified as the finance minister announced a budget that addressed some major concerns and a path to improvements on the debt to GDP ratio and the budget shortfall.
25 Feb 2021

Optimistic budget masks a number of key risks

Finance Minister Tito Mboweni’s budget has been received very positively, as demonstrated by the reaction from markets. SA Inc companies have rallied, the rand initially strengthened, and even the bond market is acting positively. However, while there are notes of hope, this budget also demonstrates a number of key risks, overly optimistic assumptions and potential weaknesses, pointing to an extremely challenging path ahead for the country.
24 Feb 2021

Budget 2021 signals hope for SA taxpayers

Today the Minister of Finance tabled the 2021 Budget, which, according to tax experts at Allan Gray, was more optimistic than expected. “It is important to understand the context,” says Sandy McGregor, portfolio manager at Allan Gray. “South Africa is benefiting from commodity price boom.

24 Feb 2021

Section 12J did not sufficiently achieve its objectives, says NT

The sunset date for the venture capital company (VCC) incentive - Section 12J - which was initiated in 2009 to encourage retail investments in smaller businesses, will not be extended beyond 30 June 2021.

24 Feb 2021

No additional tax revenue raised in Budget

Government will not raise any additional tax revenue in this Budget. It has noted that substantial tax increases in previous years have raised less revenue than anticipated due to their impact on taxpayer behaviour and growth.

24 Feb 2021

An excellent budget with plans to reduce issuance extremely positive signal

After a very difficult year, the National Treasury has produced an excellent budget. There was always a concern that given the growing evidence of higher than forecast revenues, expenditure would slip a lot in the coming years from the October Medium-Term Budget Policy Statement (MTBPS) forecasts.

24 Feb 2021

Retirement planning is about the long term

With 30% of South Africans without retirement savings and many contending with retrenchments and rising debt, the picture looks bleak. Planning for retirement should ideally start with your first salary; however, it is never too late to start where you are.

24 Feb 2021

Refinitiv partners with NSE to enhance Fixed Income price discovery

Refinitiv has partnered with the Nairobi Stock Exchange (NSE) to enhance Fixed Income (FI) price discovery and raise market transparency in Kenya.
24 Feb 2021

Maximising purchasing power from your health cover

While South Africans are impatient to kickstart our country’s trajectory towards prosperity, many face the challenge of ensuring their family’s health needs are properly provided for, often on diminished household budgets.
24 Feb 2021

The real cost of our emotions

It’s 2021 and we’re all sitting here wondering just what the heck happened last year. None of us could have ever expected 2020 to go the way it did. It was an intense ride of emotions ranging from fear and anger, to confusion to sadness – and round and round the carousel we went.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za