The most important requirement when you reach retirement is to ensure that you don’t run out of your retirement savings before you die. Longevity risk is the risk of outliving your retirement savings and having to rely on your children or the state to make ends meet. This risk has also been made worse by […]
Most people go through life not thinking or preparing for the unfortunate eventualities that may suddenly befall them or a loved one. The truth is, once you have accepted that eventualities do happen and that it could happen to you, you start to consider what you are going to do with the limited time that […]
A home for the Hustler Lacklustre economic growth over the past decade has seen many companies forgo bonuses and salary increases. As a result of Covid, we are now experiencing wide-spread unemployment and salary cuts, this while the cost of living goes up. It should come as no surprise that South Africa has a youth […]
Taxpayers were listening very closely as Tito Mboweni delivered his annual budget speech. Taxpayers can however breathe a sigh of relief as no increases in tax rates will be incurred despite a year of national lockdown and the roll out of the vaccine. South African Corporate tax rates have been decreased by 1% to 27% […]
When I was elected to the position of President of South Africa, I said that building an efficient, capable and ethical state free from corruption was among my foremost priorities. Only a capable, efficient, ethical and development-oriented state can deliver on the commitment to improve the lives of the people of this country. This means […]
Treasury projects a significant main budget revenue overshoot of R102.8 billion in the current fiscal year (2020/21) from the Medium Term Budget Policy Statement (MTBPS) total main revenue projection of R1.09 trillion. This implies that the government’s main budget revenue will decline by a less severe 10.8% instead of the 18.4% envisaged at the MTBPS. […]
During the last year alone, we have seen several organisations become the latest victims of targeted cyber-attacks and large-scale data breaches, ultimately bringing business to their knees. Even with the latest and top of the market cyber security defences in place, there is no guarantee that your business is safe. And if the statistics are anything to […]
Tax-free savings accounts (TFSAs) were introduced by National Treasury to create a savings culture in South Africa. This account allows people to save without having to pay tax on the returns earned, making it a perfect long-term investment strategy. Those who have not exceeded their R36 000 annual contribution allowance to a TFSA have an opportunity […]
27 January 2021 – 2020 will be remembered as the year where the Covid-19 pandemic swept across the world taking the lives of many. This human tragedy was accompanied by an economic crisis as global economies shut down in an attempt to slow down the spread of the disease. And finally, Politicians in the developed world also […]
Consumer price inflation surprised marginally; we were expecting a 3% y/y print, while inflation rose 3.1% in December from 3.2% in November. Food and non-alcoholic beverages, housing utilities as well as miscellaneous goods and services were the main contributors to the December print. Transport detracted from headline inflation as a result of the decline in the petrol price. […]