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.
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”
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”
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”