On the 18th of August 2021, the Minister of Social Development, Lindiwe Zulu, published The Green Paper On Comprehensive Social Security And Retirement Reform (2021). It sets out the Government’s proposal for a mandatory, comprehensive retirement and social security system. 13 days later, on the 31st of August 2021, the Minister withdrew the controversial document without saying why.
Tag: government
The Finance Minister has spoken – extraordinary measures, monies and circumstances
The passage of time seems to be such a fractured thing right now and it isn’t going to stop being so any time soon. As a country, we are bracing ourselves for the cresting of the Corona wave.
Practical Implications of the 2012 Budget – Part 2
Our previous blog post dealt with two practical implications of the 2012 Budget, which aims to cut deficits by limiting spending and increasing government revenues through various forms of taxation. Having covered the issues of the interest rate exemption and tax thresholds, we discuss some more important implications of the Budget. Continue reading “Practical Implications of the 2012 Budget – Part 2”
Practical Implications of the 2012 Budget – Part 1
The 2012 National Budget was met with mixed responses from many investment analysts and financial advisors. While the treasury’s goal of reducing deficits gave confidence to many analysts who were concerned about the levels of government borrowing in South Africa, the annual deficit may be capped by increased tariffs and taxation. For South African investors, especially those approaching retirement, there are several practical implications of the Budget which should be noted. Continue reading “Practical Implications of the 2012 Budget – Part 1”
The National Budget
Recently, Finance Minister Pravin Gordhan made his annual budget speech at parliament. This annual event, which draws special guests from the realms of business and government as well as the media, allows the Minister to address the nation and update all of us on the government’s finances. Continue reading “The National Budget”