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12 Feb 2021

A simple way for expats to reduce their SA income tax liability

Recent amendments to South Africa’s tax legislation will require taxpayers who are working offshore to pay income tax on that portion of their overseas salary that exceeds the R1.25 million per annum threshold. The choice facing expat salary earners is clear: You can either pay over your additional dues to the revenue services or you can find a way to reduce your tax liability. One solution is to invest in an approved Section 12J investment.
12 Feb 2021

Sona 2021: A progress report and a long to-do list

President Ramaphosa struck a hopeful chord in last night’s State of the Nation Address (SONA), framing 2021 as another year “…for change, progress and rebirth”, similar to the ‘new dawn’ of previous years. There was a commitment not to make ‘new’ promises, but rather to report on the progress made towards reviving the economy.

12 Feb 2021

Momentum Global Investment Management appoints new investment director

Momentum Global Investment Management (MGIM), Momentum Investments’ international investment management division, has appointed Andrew Hardy as Director of Investment Management as the business positions itself for further growth in the UK.

12 Feb 2021

What African countries can expect from Biden: and what they should ask for

President Joe Biden delivered his first public statement on US foreign policy last week. Africa was not mentioned. Does this suggest the continent will be absent from the new administration’s considerations?
12 Feb 2021

Cryptocurrencies: The decade’s top-performing asset class or the greatest bubble?

Cryptocurrencies have been the top-performing asset classover the last decade andbreached the $1.3 trillion mark making them the world’s fifth-most valuable global asset by value. Here is why Sean Sanders, CEO and founder Revix, says cryptocurrencies are the “digital gold” of the Fourth Industrial Revolution and not just a passing fad
12 Feb 2021

Sona 2021: 'Business is here to play its part'

Business Leadership SA (BLSA) says that President Cyril Ramaphosa "got it right" with his four overriding priorities in his state of the nation address: defeat Covid; accelerate the economic recovery; accelerate economic reforms to drive inclusive growth; and fight corruption.
11 Feb 2021

Momentum Securities: Stock Pick of the Week

According to Investopedia,The VIX, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors use the VIX to measure the level of risk, fear, or stress in the market when making investment decisions.
11 Feb 2021

The future of Section 12J and the Sunset Clause

Section 12J is the fastest-growing alternative asset class in South Africa, catching the attention of many individuals, family offices and institutional investors. Section 12J not only offers attractive returns to investors, but is structured to make a positive and significant impact on the economy by providing capital to both SME’s and job creation.
11 Feb 2021

FSCA outlines current position on CBI insurance cover

The FSCA today issued a communication setting out its current position on certain aspects of CBI insurance cover as well as its expectations of non-life insurers and policyholders in respect of CBI claims, "in order to ensure that the processing of these claims is not unduly delayed and in line with the legal certainty that has been obtained in recent judgments."
11 Feb 2021

'Vaccination programme remains on track'

Government has prioritised the country’s vaccination programme to prevent the spread of COVID-19. In a statement following its virtual meeting yesterday, Cabinet reassured South Africans that this programme remains on track. The Johnson & Johnson vaccine will now be used instead of the AstraZeneca vaccine.

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