Tag Archives: tax

The Current SA Tax base and economic climate pose risks and opportunities for government finance.

Currently, the South African government gets a huge proportion of its revenue from taxes. For example, in the 2014/2015 financial year, 87% of the 1, 2 trillion government revenue came from taxes alone. The economy is in a technical recession and unemployment is at its highest levels since the 2008/09 downturn with over 9,5million people unemployed. Indications from SARS are […]

» Read more

Nene’s Gift to Investors 

By Vivian Atud Johannesburg —Sunburst Africa–Investors sat on their hands awaiting the Minister of Finance’s budget speech at 2:00pm yesterday. Indeed he entered parliament like Father Christmas giving presents to all investors. You may be wondering where I am heading to with this. You may not even agree with me. Make no mistake, if you are an investor or a […]

» Read more

Should You Worry About the Rates and Monetary Amounts and Amendment of the Revenue Laws Bill, 2014?

By Trisha Dhanasar Introduction Johannesburg – Sunburst Africa – In South Africa, fiscal statues are reviewed on an annual basis. Every year the Minister of Finance expounds an annual budget in February, in which the following year’s government expenditure and proposed amendments to tax legislation are announced. Following the budget speech, one or more Money Bills are planned by the […]

» Read more