Money-Marketing

One of the much anticipated elements of this week’s National Budget speech is how the government plans to fund its National Health Insurance initiative, particularly with this year’s allocation already showing a shortfall from what was originally announced. This is according to Clayton Samsodien, Managing Director of Genesis Capital Group’s health care subsidiary – Genesis [...]

• Wealth tax – possible • Increased excise taxes – almost definitely • Hiked fuel levy – yes • Increased VAT and company tax – unlikely • Increased electricity levy – likely • Very little fiscal drag relief for individuals (tax cuts)   Johann Els, senior economist at OMIGSA doesn’t think there will be any [...]

In the face of credit rating agencies threatening to downgrade South Africa’s debt ratings, it is incredibly important for the government to commit to a prudent and disciplined Budget in 2012. This is one of the most critical priorities for a Budget that seeks to be sustainable, says AJ Jansen van Nieuwenhuizen, Head of Tax [...]

By Rowan Burger: Head of investments strategy from Liberty Retail SA We do not expect any formal changes to the taxation system on retirement savings. The reasons for this are; the complications in dealing with the implementation of a national social security system and, the unintended consequences this may create. The one change that may [...]

By Tendani Mantshimuli, Consumer Economist at Liberty Retail SA Last October Finance minister Pravin Gordhan announced the Medium Term Budget Policy Statement against the backdrop of a somewhat optimistic economic outlook. The South Africa’s GDP was expected to increase by 3.1% for 2011 and 3.4% for 2012. The projection for 2011 is still realistic but [...]