Should you have a tax-free savings account or not? It seems as if it is the ideal vehicle to save in, regardless of the goal or time horizon, because the returns are tax free. However, there are a few considerations when it comes to having a tax-free account. Ester Ochse, Product Head, FNB Integrated Advice...
FNB's Anne Klein highlights the importance of ensuring that the donation you make meets all SARS requirements and ensures that the organisation you are donating to is a section 30 and 18A registered PBO.
FNB Islamic Banking has been awarded the Best Islamic Banking Window for the fifth consecutive year at the 11th annual Global Islamic Finance Awards (GIFA). The GIFA awards are a celebration of excellence in the Islamic Banking and Finance sectors. The winners were announced at an Online Awards ceremony broadcasted virtually through the GIFA social media channels, held on, 14 September 2021 to over 1 million viewers around the globe.
Having slipped from -9 to -13 index points during the second quarter of 2021, the FNB/BER Consumer Confidence Index (CCI) recovered some lost ground to -10 in the third quarter of 2021. The fact that consumer sentiment did not deteriorate further on the back of the violent protests and rampant looting that tore through KwaZulu-Natal and Gauteng during July points to a level of resilience among consumers, and by extension consumer spending, during the third quarter of 2021.
As we expected consumer inflation is up by 5.2% y/y in May 2021, after posting 4.4% y/y in April. Bloomberg consensus had pencilled in consumer inflation of 5.1%. The April and May prints are influenced by base effects created by historically low oil prices at the height of global lockdowns in 2020.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za