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Craig Pheiffer

National Budget 2019: Hoping for a great escape

By Craig Pheiffer: Chief Investment Strategist, Absa Stockbrokers and Portfolio Management. Legendary escapologist Harry Houdini began his career escaping from handcuffs but later went on to dazzle audiences with escapes from large milk cans, his specially designed Chinese water torture cell and buried caskets. The difficulty of the escapes was often ratcheted up by binding […]

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Minister Tito Mboweni

2019 National Budget predictions: An increase in the budget deficit?

By the tax team at Norton Rose Fulbright. In the last three annual budget speeches delivered by the Minister of Finance, we have seen increases in the following taxes: an increase in the VAT rate from 14% to 15%; an increased rate of personal income tax, referred to as the new super tax bracket of 45% […]

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oilpricefeb15

Is oil as valuable as SA believes?

The recent gas discovery of approximately one billion barrels of oil equivalent in South African seas by French energy group, Total, has triggered widespread hope of a significant economic boost for the local economy. (more…)

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Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management

Budget preview: three issues that need to be addressed

By Nazmeera Moola, Deputy MD, Investec Asset Management The Medium-Term Budget Policy Statement (MTBPS) last year, much like the MTBPS in 2017, reflected the government’s inability to make difficult decisions in the wake of deteriorating economic conditions. The expectation thereafter was that with a new Minister of Finance in Tito Mboweni we would finally see […]

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Finance Minister Tito Mboweni (Image: russellrobertsphotography.com)

Dear Mister Minister, our top budgeting tips for keeping cash flowing in our economy

By Andrew Duvenage, Managing Director, NFB Private Wealth Management, Johannesburg. Over the years your predecessors have consistently increased the pressure on high net worth individuals in their annual budgets. Currently the top 2% of earners account for between 25% and 35% of South Africa’s total revenue. We understand government’s objectives to address the substantial disparities […]

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Dr B Muchara

Budget 2019 must articulate practicalities of SONA intent

Dr Binganidzo Muchara of Unisa’s Graduate School of Business Leadership President Cyril Ramaphosa’s State of the Nation Address (SONA) had the theme, “Following up on our commitments. Making your Future Work Better.” In preparing to give the address, President Ramaphosa’s objectives would have been twofold: firstly, to appeal to business and the investment community which […]

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Ben-Bierman

More realistic state of ‘Ramaphoria’ expected in 2019 Budget Speech

This time last year, following the election of President Cyril Ramaphosa, South Africa was on the cusp of a widespread optimistic rapture that has subsequently been coined “Ramaphoria”. While it is probably fair to say that not all expectations were met in the past year, it is also necessary to acknowledge that the country’s macroeconomic […]

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More realistic state of ‘Ramaphoria’ expected in 2019 Budget Speech

More realistic state of ‘Ramaphoria’ expected in 2019 Budget Speech

This time last year, following the election of President Cyril Ramaphosa, South Africa was on the cusp of a widespread optimistic rapture that has subsequently been coined “Ramaphoria”. While it is probably fair to say that not all expectations were met in the past year, it is also necessary to acknowledge that the country’s macroeconomic […]

Read full story