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agri

Limitation of land ownership is an economic disaster: Agri SA

Agri SA says it is deeply concerned by the recent comments made by the ANC Chairperson, Gwede Mantashe. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)

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agri

Agri SA questions validity of #farmlist – release is irresponsible

Agri SA says it’s questioning the status and content of the leaked list of farms said to be earmarked for expropriation without compensation (EWC). (more…)

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Tertius Troost

Treasury’s possible challenges following the VAT Panel report

The recommendations put forward by the review panel on the zero-rating of certain items for Value-Added Tax (VAT), may be challenging for Treasury to enforce. This is according to Tertius Troost, Senior Tax Consultant at Mazars, who says that while the panel, led by Professor Ingrid Woolard, has made compelling arguments for the inclusion of […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Expropriation list risks Venezuelan disaster for South Africa – IRR

Media reports of a purported list of farms that the government intends to expropriate without compensation have sharpened anxiety about the policy direction South Africa is taking, the Institute of Race Relations (IRR) says. “While we note the statement by the Department of Rural Development and Land Reform that ‘there is no truth to this […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Treasury comments on measures considered for igniting economic growth

Today, the National Treasury commented on measures being considered for igniting economic growth in South Africa. “In his statement to the nation on July 31, President Cyril Ramaphosa made it clear that the funding for measures being considered to ignite economic growth would be done in a manner that ensured that government maintained fiscal prudence. […]

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Maarten Ackerman

Emerging market storm ensnares rand

By Maarten Ackerman, Chief Economist, Citadel. Having experienced its largest one day fall in over a decade, the rand is trading at the weakest levels seen since 2008, briefly touching R15.55/$ overnight before levelling out at R14.55/$ this morning. (more…)

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Sanlam Private Wealth on financial education and inherited money

What’s happened to the rand??

The recent slide in the rand has little to do with local developments, “instead as we have maintained throughout the year, it is all about the shrinking pool of Global $-Liquidity,” Mehul Daya and Walter de Wet of Nedbank CIB say. The dollar is also stronger in its own right. US dollar strength is evident against […]

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