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03 Apr 2017

Sars announces preliminary outcome of revenue collections 2016/17

For the second year in a row, SARS broke the Trillion Rand mark collecting, in gross terms, R1.367 trillion. The preliminary outcome for the 2016/17 financial year, net of refunds of R222.4 billion, is therefore R1.144 trillion.  This outcome is fractionally (only R300 000) above the revised estimate as announced in the 2017 Budget.
03 Apr 2017

Battling with debt? Here's a guide to managing it

If you find yourself relying on debt and not your income to survive every month, it is a sign that you need to evaluate your finances to get financial stability.
03 Apr 2017

Ashburton’s Energy Fund wins prestigious award

Ashburton Investments’ Jersey-domiciled Global Energy Fund has been recognised for outstanding performance with a Thomson Reuters Lipper® Fund Award in an event held in the City of London.
01 Apr 2017

'Axing of Finance Minister a huge set back for country’s economy'

The Association for Savings and Investment South Africa (ASISA) has described the axing of Finance Minister Pravin Gordhan and his deputy as extremely disappointing and ill timed.
31 Mar 2017

What the ANC thinks about the cabinet reshuffle

This afternoon, the African National Congress (ANC) issued a statement about last night’s cabinet reshuffle. 
31 Mar 2017

Ashburton Investments comments on cabinet reshuffle

By Mark Appleton, SA Head of Multi Asset & Strategy. Finance minister Pravin Gordhan and his deputy have been removed in a broad based cabinet reshuffle. They will be replaced by Malusi Gigaba the incumbent home affairs minister, and Sfiso Buthelezi who currently serves on the joint portfolio committee on finance. Mr Gigaba has a...
31 Mar 2017

Reshuffle heightens policy uncertainty

Political changes at the National Treasury as a result of the cabinet reshuffle this week, heightens policy uncertainty.  This is according to Professor Raymond Parsons, NWU School of Business and Governence Economist.
31 Mar 2017

A new era for South Africa’s Treasury

by Lesiba Mothata, Chief Economist at Investment Solutions. South African President, Jacob Zuma, has decided to remove the Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas, from their posts.
31 Mar 2017

Zuma replaces Gordhan with Gigaba

The most important change is that Malusi Gigaba has replaced Pravin Gordhan as Minister of Finance while Sfiso Buthelezi has been appointed as the Deputy Minister of Finance, the Institute of Race Relations (IRR) says, following last night’s cabinet reshuffle.
30 Mar 2017

SARB leaves repo rate unchanged: Comment

Following the South African Reserve Bank’s decision earlier today to keep interest unchanged, FNB confirms that it will maintain its prime lending rate at 10,5% and will review its position after the next SARB MPC meeting in May.

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