The Budget for 2017 has been presented to parliament and is awaiting final approval, but if all goes through as planned, here are some key issues that may affect your financial planning for the year – as well as your investment portfolio. Significant announcements New 45% tax rate for those earning more than R1.5 million […]
Category Archives: budget speech
BUDGET 2015 – HERE’S WHAT YOU NEED TO KNOW…
“Today’s budget is constrained by the need to consolidate our public finances, in the context of slower growth and rising debt.” said Minister of Finance, Nhlanhla Nene. Giving the budget speech was a far from enviable job in light of the huge government spending deficit that needs to be recovered. The speech was a short […]
IS WINTER BURNING A HOLE IN YOUR POCKET?
Winter makes saving money and keeping to your financial plan a little more difficult! All around the country temperature gauges are plummeting about as fast as the electricity meters are lighting up. If you, like many South Africans, have an electricity box that you recharge, you’ll be acutely aware of how much faster the usage […]
FUEL PRICE ADVICE
What goes up must come down… except for the fuel price! A little over a week into the new month and all drivers are already feeling the weight of the escalating petrol and diesel prices. Reaching record heights last week, petrol pumps are now set at over R14 per litre (R13.95 at the coast), and […]
#BUDGET2014 – THE SKINNY
Last week Pravin Gordhan, Finance Minister to President Jacob Zuma, delivered his final budget speech for the current administration. Financial gurus, economists, financial planners and all those money-astute, sat rapt and listened with educated ears to the updated blueprints for South Africa’s future. This blog is not written with them in mind, but rather for […]
