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16 Feb 2015

Three things to look out for in Budget 2015

By Rob Cooper, Tax Expert, Director of Legislation Updates and Proposed Legislation at Sage VIP Payroll & HR Later this month, new Finance Minister Nhlanhla Nene, will present his first budget to parliament, and it promises to be one of the most fascinating budget presentations of recent years. During his medium term budget policy statement,...
13 Feb 2015

Eat apples but use electricity and water sparingly

Did you know – while munching your morning tea apple –The export of apples alone is projected to generate five hundred million rand in foreign exchange over three years. In the midst of whatever you care to call last night – I thought I’d take a look at the actual speech. I can no longer...
10 Feb 2015

Tax exempt savings accounts - a great start

We are starting to head into Budget season – and pretty soon the predictions will come through – followed by Minister Nene’s Budget presentation. It’s always a busy week. I am not sure if there will be big tax changes or not – subtle ones maybe but a big bang tax increase – I’m not...
02 Feb 2015

In defence of big... and small

There is a lot of talk about how much value boutique asset managers can add. When you are smaller you are more nimble, agile, can take more meaningful positions in smaller companies. This is true. (as is the case of the larger asset manager taking a meaningful position in a large company) True too is...
29 Jan 2015

Budget 2015: Short term gain, long term pain for SA's wealthy

South Africans, and especially high net worth individuals, should brace themselves for significant tax increases across the board when Finance Minister, Nhlanhla Nene, announces the Budget for the new tax year, says Old Mutual Investment Group Senior Economist, Johann Els. But this is not altogether bad news, and should indeed be welcomed, he adds. “The...
28 Jan 2015

Financial services in 2015 - FSB viewpoint

2015 will see the South African financial services sector undergo major regulatory changes that are expected to ultimately improve outcomes not only for customers, but also for financial advisers, and the financial services industry as a whole. That is the view of Jonathan Dixon, Deputy Executive Officer for Insurance at the Financial Services Board, who...
27 Jan 2015

Investors respond to ECB’s ‘shock and awe’ Quantitative Easing package

By Tom Elliott, deVere Group’s International Investment Strategist Savvy investors are now re-evaluating their portfolios after the European Central Bank unleashed its historic Quantitative Easing (QE) last week. A considerably higher-than-expected €1.1 trillion stimulus package will be pumped into the Eurozone economy between March 2015 and September 2016, revealed ECB president, Mario Draghi, as he...
23 Jan 2015

RDR corner

RDR has already generated much discussion since its publication at the end of last year. We will be publishing various comments and opinions on RDR in the coming months  – below are some papers Masthead has prepared as we ready ourselves for the new legislation Product supplier responsibility Remuneration for financial planning Remuneration for customer...
23 Jan 2015

FIA warns against knee-jerk reactions to 'work in progress' legislation

The Retail Distribution Review (RDR) discussion paper published by the Financial Services Board (FSB) on 7 November 2014 proposes far-reaching reforms to the regulatory framework for distributing retail financial products to local consumers. The proposed changes set out to address poor consumer outcomes by redefining critical concepts in the intermediated distribution space as well as...
22 Jan 2015

SONA or Budget from the armchair?

I’d take a safe(ish) bet that a lot more people know about SONA this year and what it stands for than in previous years. SONA – is the state of the nation address – and this year it happens on 12th February at 7pm. If you are in Cape Town I believe it involves some...

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