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02 Nov 2015

‘Let’s each do our bit in tracing beneficiaries’

Olefile Moea, Consultant, Fairheads Benefit Services, says the beneficiary fund administrator was shocked by the Financial Services Board (FSB)’s announcement that the pool of unclaimed benefits from retirement funds sits at around R20 billion.
02 Nov 2015

Deadline looms for non-provisional taxpayers

Time is running out to file your 2015 tax return with SARS.  Here are a few tips from Yolandi Esterhuizen, Legislation Manager at Sage HR & Payroll, VIP Division to help you streamline this process.
29 Oct 2015

Estate planning and divorce

David Knott of Private Client Trust, (the fiduciary services division of Private Client Holdings), and a member of the Fiduciary Institute of South Africa, explains why divorce has a significant impact on estate planning
28 Oct 2015

FSR Bill tabled in Parliament

National Treasury says the Financial Sector Regulation (FSR) Bill was tabled in Parliament on the 27th of October 2015 by the Minister of Finance.  This came after Minister Nene had taken account comments received on the Bill published in December 2014.
22 Oct 2015

MTBPS – Comment: SA’s finances ‘in good hands’

The Medium Term Budget Policy Statement that Finance Minister Nene delivered in Parliament on Wednesday, held promise that SA’s finances are “in good hands”. This is according to the President of the South African chamber of Commerce and Industry (SACCI), Vusi Khumalo. SACCI welcomed: The recognition that the energy constraints being experienced and the structural...
21 Oct 2015

MTBPS - NHI and financial sector reform

In his Medium Term Budget Policy Statement (MTBPS) speech to parliament, Finance Minister Nhlanhla Nene mentioned both National Health Insurance (NHI) as well as financial sector reform. NHI Nene said under Minister of Health Aaron Motsoaledi’s guidance, NHI will be phased in, “drawing on the lessons of the district pilot projects.” NHI is intended to...
21 Oct 2015

MTBPS – Treasury downgrades growth forecasts

South Africa’s National Treasury released its Medium Term Budget Policy Statement (MTBPS) today. The MTBPS communicates to Parliament and the country the economic context in which the forthcoming budget will be presented in February next year, along with fiscal policy objectives and spending priorities over the three-year expenditure period.
21 Oct 2015

'where Is Blade?’

Last Friday evening, I watched the ENCA channel in both shock and awe, as Wits Vice-Chancellor Adam Habib and chairperson of the Wits Council, Dr Randall Carolissen sat amongst protesting students in the Senate House concourse of the university.  I was, at some stages, concerned about the safety of Prof Habib and his colleague as...
21 Oct 2015

Public-sector wage deal creates shortfall

The 2015 public-sector wage deal has created a funding shortfall in the current year and the two subsequent years, according to Finance Minister Nhlanhla Nene.
21 Oct 2015

MTBPS – Disruption of learning ‘not constructive’

In his Medium Term Budget Policy Statement (MTBPS) speech to Parliament, Minister of Finance, Nhlanhla Nene, mentioned the ongoing and countrywide student protests against an increase in university fees.

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