Beplanning onderwerpe
By: Dani van Vuuren Investment analysts say that South Africans should not pin their hopes on the local stock market, as the big growth themes are all to be found abroad. But, moving your investments offshore and gaining foreign residency aren’t DIY endeavours. There are numerous pitfalls that can…
By: Duann CronjeFeeling the pinch financially? You're not alone. Many struggle to reconcile desires with their actual financial capacity. But fear not! Taking control of your finances starts with understanding your financial means and learning to live within them. This article equips you with the…
During the apartheid era, Piet Koornhof served as a Cabinet minister under prime minister PW Botha and president F.W. de Klerk. Koornhof held various ministerial positions, including minister of cooperation and development (1979-1984) and minister of mineral and energy affairs (1984-1989). He soon…
Tribunal conditionally approves Life Healthcare Group and Fresenius Medical Care South Africa mergerThe Competition Tribunal has announced that it has approved, subject to conditions, the merger in which Life Healthcare Group intends to acquire the dialysis services business of Fresenius Medical…
Magdeleen Cornelissen, Wealth Adviser at PSG Wealth, Menlyn:My daughter is five years old, and I’m eager to begin setting aside funds for her university education. What initial steps should I consider to kick-start this savings journey? There are several factors to give thought to when setting up…
The passing of the Revenue Laws Amendment Bill by the National Assembly on Tuesday was a significant step towards ushering in a new era of retirement financial security for more South Africans. This is according to Michelle Acton, retirement reform executive at Old Mutual.The Revenue Laws Amendment…
Finance Minister Enoch Godongwana has confirmed that tax revenue for 2023/24 is R56.1 billion lower than estimated in the 2023 budget, according to Yolandi Esterhuizen, director of Global Compliance: Product Management, Sage, and registered tax practitioner.Godongwana tabled his Budget speech this…
With the 2024 budget set to be tabled this month, speculation is beginning to mount. We have valuable clues from November’s Medium-Term Budget Policy Statement, which showed lacklustre economic growth and a gross revenue gap of R56.8 billion.The two are closely interlinked—if the economy is…
JUST SA’s weekly jargon buster aims to give simple, plain English explanations of typical words and phrases used in the financial industry, in particular words relating to guaranteed life annuities and living annuities. This week, we look at the letter: DDDependantIf you die and have dependants who…
The premiere of the 10-episode limited series will include the first two episodes, followed by a new episode each week.Watch the official trailer below:“Shōgun,” an original adaptation of James Clavell’s bestselling novel, is set in Japan in the year 1600 at the dawn of a century-defining civil war…
By Michelle AustinAs fresh-faced financial graduates step into the bustling world of finance, armed with degrees and ambition, they are poised at the edge of a thrilling, yet challenging journey. In an era marked by digital disruption and unprecedented market volatility, the expectations from…
By: Mathapelo SipamlaThe National Treasury’s 2024 Budget speech can be a complex blend of figures and forecasts that many South Africans struggle to decipher. I want to unpack how the government’s Budget will impact everyday South Africans’ lives. I’ve focused specifically on areas of interest for…
By Mark AllewellIN SOUTH Africa, there are an estimated 5.3 million people aged 60 or older, representing just over 9.2% of the overall South African population. These figures offer a sizeable estimate from Stats SA, and indicate that population ageing is taking place in our country, increasing…
By Yolandi EsterhuizenIn a challenging economic landscape compounded by high inequality and an impending election year, policymakers are tasked with balancing revenue generation and economic growth in South Africa. Ahead of finance minister Enoch Godongwana’s budget speech for the 2024/5 tax year,…
The rand rose by 0.5% to a two-week high of R18.80 to the US dollar yesterday after Finance Minister Enoch Godongwana delivered a fiscally responsible election budget, which will see the government lessening its borrowing requirements this year through a R150 billion draw-down from the contingency…
THE business industry has given a mixed reaction to Finance Minister Enoch Godongwana’s 2024 Budget Speech, especially the taxes on business, though the policy on electric vehicles was seen as a positive move that could drive up investment.Godongwana tabled a fiscally prudent Budget yesterday by…
South Africa’s credit ratings status will come under serious scrutiny in the weeks ahead on the back of fiscal slippage as the government borrowing continues to exceed tax revenue collected by the end of the 2023/24 financial year.According to the 2024 Budget Review tabled in Parliament yesterday,…
In discussions with Treasury officials during the lock up in Pretoria, the Treasury said it did not anticipate issuing either rand-denominated or US dollar-denominated Islamic bonds in the near future.In discussions at the time of the Medium-Term Budget Policy Statement on November 1, 2023, the…
FROM September 1, 2024, contributions to retirement funds will be split, with one-third going into a “savings component” pot and two-thirds going into a “retirement component” pot.The two-pot retirement reform allows pre-retirement access to a portion of one’s retirement assets in times of personal…
South Africa’s Finance Minister, Enoch Godongwana, delivered his budget speech to the nation in parliament on Wednesday.The minister announced that the weak performance of the country’s economy, resulted in a sharp deterioration in tax revenue collection for 2023/24.“At R1.73 trillion, tax revenue…