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Industry News

22 Mar 2018

Expectations of Moody’s ratings announcement

If Moody’s do keep its foreign and domestic currency debt at investment grade, it will be seen by the investment community as a thumbs up for South African President Cyril Ramaphosa. The rand and the stock market are likely to rally; it will be a positive message.
22 Mar 2018

What to consider when choosing an executor in your Will

One of the most important aspects to consider when drafting your last Will and Testament is the nomination of an executor who will handle the administration and management of your estate upon your death.
22 Mar 2018

Naspers announces its intention to sell up to 190 million Tencent shares

Naspers has announced its intention to sell up to 190 million Tencent Holdings Limited (Tencent) shares, equal to 2% of Tencent’s total issued share capital (the Tencent Sale Shares), reducing its stake in Tencent from 33,2% to 31,2% (the Transaction).  This is according to a notification published on SENS this morning.
22 Mar 2018

Very few people have their estate planning in order

It’s human nature not to want to think about death – your own or that of a loved one. But the consequence of not preparing for this inevitable part of life can be devastating for those left behind when a family member passes away.  “Very few people have their estate planning in order or the...
21 Mar 2018

Sasfin impacted by challenging SME credit environment

Sasfin posted a 41.39% drop in headline earnings to R50.491 million, primarily due to a significant credit event and an increase in once-off tax expenses, largely arising from a change in tax legislation. Earnings growth would have otherwise been positive as total assets grew by 13.78% to R13.152 billion on the back of growth in...
20 Mar 2018

South Africa’s new dawn starts with good governance

South Africa is currently riding the high of significantly improved sentiment following Jacob Zuma’s recent resignation and the election of market friendly Cyril Ramaphosa as president of the country. This has buoyed confidence for the country, reflected by the strong rand per dollar exchange rate, and further compounded by the recent Budget Speech, which announced...
20 Mar 2018

Become your own compliance champion

Compliance officers have the opportunity to position themselves as the essential business asset that they are, anchored not only by a strategic understanding of their business and its regulatory obligations, but also qualities such as adaptability and openness. This is especially necessary in our constantly changing regulatory environment, according to regulatory compliance author, Karmil Govender,...
20 Mar 2018

 5 factors to drive this month’s interest rate decision   

By Maura Feddersen, Economist at PwC, Strategy&. The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) meets on 26 – 28 March 2018 to deliberate an interest rate stance that anchors inflation to the middle of the 3 – 6% target rate. To gauge the risks to the inflation outlook, the MPC...
20 Mar 2018

Acting SARS Commissioner appointed

Mr Mark Kingon has been appointed as Acting Commissioner for the South African Revenue Service (SARS) following the suspension of Mr Thomas Moyane, the Commissioner of SARS by the President. This is according to a statement from the National Treasury issued this morning. Mr Kingon is currently the Acting Chief Officer: Business and Individual Taxes,...
20 Mar 2018

How the VAT increase will affect your next braai

The South African braai – a pastime for all seasons. In our diverse nation, this is truly an activity all can relate to. As we edge closer to 1 April 2018 it seems that this delightful pastime will come at an increased cost. 

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