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31 Mar 2018

Tax-free investments: what's holding South Africans back?

In 2015 the National Treasury looked to incentivise South Africans to save more by providing a rebate on a variety of Tax-Free Savings vehicles. A study by Finscope, a research tool used to assess the utilisation of financial services around the world, revealed that 69% of South Africans had access to formal financial services in...
31 Mar 2018

Trevor Manuel: The state of ethical and moral leadership in corporate SA

Trevor Manuel, Chairman of Old Mutual Group Holdings, led a debate at the Unisa Graduate School of Business Leadership (SBL) on 22 March titled, “The state of ethical and moral leadership in corporate South Africa’. Part of the business school’s contribution to Unisa’s 7th annual Research and Innovation (R&I) week in March 2018 under the broader...
30 Mar 2018

Panel to be set up to review list of VAT zero-rated food items

The increase in the Value-Added Tax (VAT) rate from 14 to 15% will take effect on Sunday, 01 April 2018 as announced in the 2018 Budget, and all VAT vendors are therefore expected to charge the higher rate of 15% from this date. The National Treasury says that in order to ensure that VAT is...
30 Mar 2018

Using education to change lives for generations to come

Have you ever met a person who’s going to change the world? Sanlam has met 71 693 of them. Believing that the best way to build a better tomorrow is to start investing in today, the Sanlam Blue Ladder Schools project has empowered 71 693 learners to date. The project aims to help children learn...
29 Mar 2018

New twin peaks regulators established

On 1 April 2018, South Africa’s financial regulatory system will fundamentally change, as two new regulators come into operation – the Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA). This implements a new Twin Peaks model of financial sector regulation in South Africa. National Treasury said in a statement today that the Minister...
29 Mar 2018

Delayed Day Zero doesn’t mean ditching water saving efforts

  By Bertus Visser, Chief Executive of Distribution, PSG Insure. The crippling drought that has hit the Western Cape, extending to the Eastern and Northern Cape has yet to loosen its grip. While the threat of running out of water isn’t facing the entire country, South Africans have become more conscious of their water usage....
29 Mar 2018

New draft insurance premium collection legislation: comment

By Patrick Bracher, director of Norton Rose Fulbright The National Treasury has published draft regulations for comment by 23 April 2018 regarding the collection of premiums by intermediaries (short-term and long-term premiums). The draft regulations require detailed premium collection authorisations by insurers to intermediaries. The proposed regulations also require a separate bank account for premiums received and...
29 Mar 2018

SA’s corruption perception worsens

The perception of corruption in South Africa has deepened over the past two decades.
29 Mar 2018

Be prepared, keep safe for the road ahead

Holidays are here again! Many families will be taking the well-deserved break.
28 Mar 2018

FNB confirms that it will reduce its prime lending rate to 10%

Following the South African Reserve Bank’s decision to cut interest rates by 0.25%, FNB confirms that it will reduce its prime lending rate to 10%. The new rate will be applied to all prime-linked loans from Thursday, 29 March.

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