Planning Topics
ALL ABOUT TRUSTSPhia van der SpuyDue to the risk that South Africa may be greylisted this year, Treasury legislated measures on December 22 last year to demonstrate that the government is working to improve shortcomings identified by the Financial Action Task Force mutual evaluation report as…
Economists have said South African Finance Minister Enoch Godongwana’s 2023 Budget speech was widely positive and gave the country a good platform to move forward. Godongwana tabled his Budget in Parliament on Wednesday, announcing no tax increases for consumers, the government’s plan to help with…
Following the news of many celebrities passing away both locally and internationally and the unexpected deaths during Covid-19, South Africans need to think about the legacy that they will be leaving for their loved ones. One of the ways that people can take care of those close to them is by…
Pretoria - Outgoing Eskom CEO André de Ruyter says there is rampant corruption engineered by top politicians from the governing party, who are interfering at the ailing power utility.De Ruyter revealed this on Tuesday during an interview with e.TV’s journalist Annika Larsen, in a show titled My…
In a bid to accommodate the increased number of recipients of the social grants, the National Treasury said on Wednesday, it has increased the expenditure on social grants, as it extends the Covid-19 social relief of distress.!function(e,t,r){let n;if(e.getElementById(r))return;const a=e.…
Finance Minister Enoch Godongwana has delivered his annual budget speech, now it's time for South Africans to get into action and start their own household budget.Tyrone Lowther, head of Budget Insurance said: “Whether you are trying to get out of debt, save some money or simply stay in the green,…
It’s true that gold was discovered over six thousand years ago - where it was immediately recognised then as it is now, to be a metal of great value. It has an allure to-die-for and millions have, when searching for it, smuggling it, and fighting for it. Gold has been used as a store of value and…
Finance Minister Enoch Godongwana did not rock the boat in his Budget Speech amid a low-growth economy and as South Africans face a cost of living crisis. So to steady the financially strained ship, he announced no major tax proposals.But providing relief was likely to impact tax revenue…
Since the 2022 Medium-Term Budget Policy Statement (MTBPS), medium-term non-tax revenue estimates have been revised up by R4.5 billion, driven by higher departmental receipts partially offset by lower mineral and petroleum royalties. Projections of National Revenue Fund receipts have been revised…
Earlier today, South Africa’s Finance Minister Enoch Godongwana tabled his Budget Speech for 2023 in Parliament. One of the major themes of his budget was the government assisting the ailing power utility, Eskom with its massive debt. The minister announced that the state will shoulder at least two…
National Treasury still intends launching a rand-denominated Islamic bond sometime in the current 2023/4 fiscal year, but the timing of the launch is uncertain. In November, 2021 the intention was to still launch it in the 2021/22 fiscal year as a way of diversifying the debt portfolio and…
South African households are under a lot of financial pressure following a rise in interest rates as well as increases in the cost of petrol and food. Financially well off households find it difficult to achieve their financial goals in tough financial times while close to 17% of financially well…
Staff ReporterThe pension fund industry could miss the proposed March 1 2024 deadline to be ready to implement the new two-pot pension fund system should the reforms not be finalised in the first half of 2023, according to commentators at Old Mutual.Retirement Reform Executive at Old Mutual,…
Ruan JoosteThe Association for Savings and Investment South Africa (Asisa) has confirmed that the Fundisa education fund will be closed by the end of March. The fund stopped taking new investments at the end of September last year; it has been closed to new investors since February 2018.Fundisa is…
BY Rentia MahoneyIn an already strained economy with interest rate hikes and inflation increases it would be greatly beneficial for any taxpayer to receive some form of tax relief. With an estimated 6.2 million taxpayers, it would seem that South Africa’s tax base is growing comfortably. However,…
The latest 25 basis point increase in the repo rate, taking the prime lending rate to 10.75%, adds an additional layer of stress onto already cash-strapped consumers. According to credit information bureau XDS, part of the technology and analytics firm Mettus, caution will need to be the watchword…
This certified financial planner was awarded the highest distinction in her profession after being crowned as the Financial Planning Institute’s (FPI) Financial Planner of the Year for 2022/23. The Award, launched in 2000, is the most prestigious accolade in the industry, where the professional…
Durban - Cash-strapped citizens are not prepared to pay more in income tax and a suggestion to the Minister of Finance is that he creates a new income source through the tourism sector. Enoch Godongwana will deliver the 2023 Medium Term Budget Policy Statement (MTBPS) on Wednesday and the Chartered…
By Stian de WittInterest rates are up again, which means we’re spending even more on our bond and car payments. The price of food and fuel keeps rising. It’s tough to make that budget sing at the end of every month. Maybe we can just cut back on insurance until things get better. After all, a…
By Mariska Comins, Head of Technical Support at PSG WealthThe risk of outliving one’s savings – also called longevity risk – is increasing. People live longer mainly due to better healthcare and improved medical technology, and according to the United Nations, South Africans’ life expectancy is on…