How the forces shaping the Budget affect your portfolio

The upcoming 2014/15 Budget Day speech – to be presented before Parliament on 26 February 2014 – is essentially about four specific areas for South African investors, namely, how much the government expects in tax revenue, how much it plans to spend, how it will divide its spending between competing priority areas and how much […]

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Budget 2014: Treasury will hope their efforts are enough

By Nazmeera Moola, economist and strategist at Investec Asset Management In a year when the economy desperately needs decisive leadership on its finances, the sad reality is that circumstances will probably leave the Treasury with very little manoeuvring room and rather reliant on hoping that whatever they do is enough. The global environment has changed […]

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Don’t expect earth-shattering changes from this year’s Budget – it’s an election year

This year’s National Budget is unlikely to contain any dramatic surprises and probably won’t include any changes to VAT or Capital Gains Tax rates. Significant changes seem to be limited to non-election years. Think e-tolls, which were hurried in just before the end of last year. That’s the view of Eugene du Plessis, head of […]

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Greater policy certainty needed to counter SA’s rising unemployment crisis

South Africa’s unemployment rate remains both a risk and a challenge, especially considering the current unemployment rate of around 25% and youth unemployment of around 50%. This is according to Old Mutual Investment Group’s Chief Economist, Rian le Roux, who believes that the solution to South Africa’s economic woes will require greater policy certainty, a […]

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Budget expected to put savings firmly on 2014 financial agenda

Given the emphasis Finance Minister Pravin Gordhan placed on the country’s low savings rate in the 2013 October medium term budget last year, the 2014 Budget is expected to bring clarity to how government intends to improve these levels, especially in the face of rising interest rates and inflation. This is according to Craig Aitchison, […]

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Taxation of trusts should be referred to Davis Tax Committee

Last year it was announced by Finance Minister Pravin Gordhan in his national Budget speech that new regulations governing the taxation of trusts would be instated. However, with little communication from Treasury throughout the year, much confusion ensued as to whether the legislation will form part of the SA tax reform, as undertaken by the […]

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Insurance cover for cycling fanatics

Cycling is taking South Africa by storm with enthusiasts taking to the streets and participating in events that are growing in popularity such as the Cape Argus Cycle Tour (35 000 participants) and the 94.7 Cycle Challenge (30 000 participants). Many cyclists however underestimate the financial implications of having to replace lost or damaged peddle […]

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A stock pickers’ market emerging in 2014

Selloffs can be sudden and scary, especially when they seem to come from out of the blue. Such has been the case with the bout of volatility in global equity markets that followed Argentina’s surprise devaluation of its currency, combined with longer-term investor worries about China’s growth and the impact of a shift in US […]

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A new normal – what does it mean for global markets?

By David Crosoer: Executive: Research and Investments at PPS Investments Five years after the unprecedentedly loose monetary policy put in place after the global financial crisis, the global economy is slowly adjusting to a more normalised world. Although economic conditions are beginning to improve in developed markets, for investors the starting point of exceptionally low […]

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2014: Where should your investment money go?

In the face of volatile global equity markets and structural economic challenges, there is much debate around what investors can expect going forward. It is times like this that it worth remembering that investment has always been about taking risk in the face of uncertainty and thus diversification is the cornerstone of a sound investment […]

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