National Treasury praised for consultative process on expat tax
Tax Consulting SA Administrator’s Managing Partner Jerry Botha says it is encouraging that National Treasury has been actively engaging with taxpayers and appears to be seeking a well measured middle ground. He was referring to the proposed repeal of the tax law exemption on foreign employment income for South African expatriates working... Read more
New investment app reaches 12,000 users in less than 5 months
Investment App – Stash by Liberty has proven to be a major hit amongst young South Africans – with an impressive 12 000 users since this year’s Android launch in April. On 15 October, the only app to invest your spare change will be available on Apple’s iOS. Stash... Read more
NCR warns of illegal credit providers
The National Credit Regulator (NCR) has urged consumers not to enter into loans with credit providers that retain bank cards as a method of debt collection. “Consumers are warned not to enter into loans with credit providers that use unlawful collection methods such as the retention of bank and... Read more
Black industrialists to gain access to finance
A pledge that will improve access to finance for black industrialists has been signed between the Department of Trade and Industry (dti) and First National Bank (FNB). The pledge will improve access to finance for black industrialists to fast-track accelerated economic transformation. “By committing to this agreement, we undertake... Read more
Knives and gunfights in service delivery
A common frustration for today’s customer is that they know too much. They may not even know that they know too much, however their expectations are high, their preferences are rapidly evolving and companies will almost certainly fall behind in providing the kind of service customers expect if they... Read more
Finance Minister receives SAA’s CEO submission
Finance Minister Malusi Gigaba has received the South African Airways (SAA) submission on who should be its next Chief Executive Officer. “Having followed due process the SAA board has made a submission to me and stated their preferred candidate,” Minister Gigaba said on Thursday. This as the Minister briefed... Read more
Action plan to reignite confidence in economy
Finance Minister Malusi Gigaba on Thursday unveiled details of an inclusive economic growth action plan, which is set to inspire confidence in the country. “The programme we are presenting today is drawn from our engagements with the rating agencies, domestic and international investors, the technical... Read more
Bold decisions needed for SA to achieve 6% growth
If South Africa is to achieve 6% growth, extraordinary bold decisions that change the economy must be made, says Finance Minister Malusi Gigaba. “If we must rebound from a low growth trajectory into which we currently are in; if we must grow our economy at 6% on a sustainable... Read more
Finance ministry: Make smart money decisions
The KwaZulu-Natal Ministry of Finance has urged citizens to make smart decisions with their money and grow the culture of saving and investing. “We live under difficult times and we must remind each other to save the money that we have. Financial planning, budgeting and saving should be the... Read more
Finance Minister to take Public Protector report on review
Finance Minister Malusi Gigaba is to take the Public Protector’s report relating to Absa and the Reserve Bank on review. “The Minister of Finance, Malusi Gigaba, has instructed counsel to institute review proceedings for the review and setting aside of the findings, remedial action and the entire report of... Read more