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20 Feb 2017

Treasury must stick to its guns in the 2017 Budget speech

By Christie Viljoen, Senior Economist at KPMG in South Africa. KPMG’s theme for Budget 2017 is “managing disruptions”. It is an apt theme for current global economic and political conditions: in a period characterised by financial market volatility, political flux, and exponential leaps in innovation and technology, businesses need to be agile, flexible and founded...
20 Feb 2017

ZAR X’S first listing kicks off new era in South African agri business

ZAR X, South Africa’s first additional stock exchange in almost 60 years, has launched its operations with the listing of Senwes and it’s holding company, Senwesbel. Senwes is one of South Africa’s largest integrated agri-businesses and one of the world’s largest providers of white maize. Its 60 silo complexes allow storage of 25% of South...
19 Feb 2017

2017 Budget Speech – Balancing the scales of uncertainty

The National Budget Speech to be delivered by Minister Pravin Gordhan on 22 February is one of the most anticipated events on the economic calendar this year. Against the backdrop of sluggish economic growth, threats of economic downgrades and increasing student protests demanding free education, employment creation and infrastructure investment are some of the most...
19 Feb 2017

Unleash the business spirit of South Africa, dear Minister!

By Lesiba Mothata, Chief Economist, Investment Solutions The Davis Tax Committee, established by the National Treasury to look into domestic tax issues, solicited work from the World Bank – work which has preoccupied the imagination of many since its publication a few weeks ago.
19 Feb 2017

How to use tax free benefits to ease possible rise in tax

Consumers are encouraged to use tax free savings vehicles to ease the possibility of increased tax burdens after the 2017 National Budget Speech. Consumers have until 28 February 2017 to make use of their R30 000 maximum tax free allocation for the current tax year.
17 Feb 2017

Budget needs to go bigger on tax and spending cuts

The upcoming Budget will be a critical one given there is no more room for the upward revision of deficit targets as seen over the last few years. As a result of the current slow growth environment, the tax increases and expenditure cuts set in October’s Medium-term Budget have to be adhered to if Treasury...
17 Feb 2017

Budget 2017: Only growth can balance the books

By Sanlam investment economist Arthur Kamp. The improvement in the Main Budget primary budget balance (revenue less non-interest spending) over the past four years to an estimated -0.4% of GDP for fiscal year 2016/17, from a deficit of -2.7% of GDP in 2012/13, is a clear statement of intent. It is also a remarkable achievement...
16 Feb 2017

Will there be relief for property owners in the Budget?

Herschel Jawitz, CEO of Jawitz Properties does not expect any direct relief for property owners or buyers in the upcoming budget. “With virtually no economic growth in 2016, Treasury will be hard pressed to offer any tax relief in the residential property sector,” says Jawitz. The two areas for tax relief are to either reduce...
16 Feb 2017

Activity in African capital markets shows significant decline in 2016

2016 marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result of the US elections cycle and the Brexit vote. African equity capital markets (ECM) broke a streak of three successive years of growth, recording a decline in overall ECM...
16 Feb 2017

Budget 2017: Greater than the sum of its parts

By Lesley Bosman, Associate Director: Tax Technical at KPMG in South Africa. Finance Minister, Pravin Gordhan and the National Treasury, have their work cut out for them in the 2017/18 financial year.

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