News

The greatest risk to an investor’s money is often their own behaviour. History has shown that often investors obtain lower returns than the funds they have invested in, as they buy and sell at inopportune times, in an attempt to time the market,

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SARS is in the process of setting up processes to deal with HNWIs and the DTC has been asked for their input in this regard. Whilst the bulk of the report deals with the how and the why, we would like to detail some key points of interest.

The large degree of uncertainty and lack of common understanding of how the NHI will be implemented and operate is of concern, given the magnitude of the proposed reform. At this stage a few pertinent observations can be made based on the draft

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In principle, the DTC has confirmed that a blanket free higher education (including the wealthy) is not economically financially possible. The following key issues were noted:

  • 1 in 8 children get to university, 1 in 17
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The Davis Tax Committee was established in 2013 to review what role the tax system can play in addressing the following key issues amongst others:

  • Economic growth
  • Unemployment, poverty and inequality
  • Small
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South African investors find themselves faced with the decision of how much to diversify offshore.  This certainly makes sense given that South Africa contributes less than 1% towards the Global Economy and investments can be subjected to

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To offset revenue shortfalls and reduce borrowing, government has had to reduce its reserves. This leaves government with little room to maneuver should risks to the expenditure ceiling materialise.

To anchor a sustainable budget, structural increases in expenditure must be matched by structural increases in revenue. As stated in the 2015 MTBPS, the expenditure ceiling can be adjusted to accommodate new spending priorities when a permanent

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There was not much good news, with revenue shortfalls projected in 2017/18 to be R50 billion, R69 billion in 2018/19 and R89 billion in 2019/20. So, a collective shortfall over the next three years of over R200 billion, with limited detail on

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There has been plenty written about poor governance in South Africa. Ranging from corrupt government officials to unethical behaviour from reputable international service providers to the state.