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. […]
Apart from the obvious impact of months of lockdown on business turnover and profitability, one of the biggest challenges that faced organisations during the first few months of Covid-19 was a complete lack of data. The world had never faced a situation quite like this, and given the significant dependence of businesses on data for […]
“As we collectively held our breath awaiting President Ramaphosa’s mammoth decision as to whether to release South Africa from its extended lockdown on April 30th, there are questions weighing heavily on government departments, medical institutions and the corporate world. Whilst this period has certainly had an effect on the numbers of reported cases and given […]