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Government must do more to support small business
This year's budget from Finance Minister Nhlanhla Nene showed some support for the country's SMEs by giving further tax relief to the smallest enterprises; yet it could have done more to help local businesses prosper... read more>>



Finance
Finance minister produces pragmatic Budget

Sanisha Packirisamy and Herman van Papendorp

In our view, Finance Minister Nene produced a pragmatic budget for FY15/16 against the challenging backdrop of simultaneously having to contain government spending to protect the sovereign's credit status while at the same time being confronted with a weak revenue base resulting from a frail growth outlook. read more>>
Path to fiscal sustainability remains onerous and long

Arthur Kamp

There was nothing too exciting in this year's Budget, other than confirmation that a prudent fiscal path will be followed in order to stabilise government's debt ratio... read more>>
Budget 2015: in numbers
Finance minister Nhlanhla Nene's budget speech has received mixed reactions. While income tax is being raised for the first time in 20 years, small to medium sized businesses set to benefit by the doubling of the turnover tax threshold. (infographic) read more>>
South Africa's Budget 2015: the full text
Read the full text of South African Finance Minister Nhlanhla Nene's inaugural national Budget speech, the fifth in the country's democratic Parliament, delivered on 25 February 2015... read more>>
Actuarial & Insurance
Hollard Insurance signs agreement with Tokio Marine
Hollard Insurance has signed a business relationship agreement with Tokio Marine & Nichido Fire Insurance, Japan's oldest insurance company... read more>>
Banking
African Bank collapse 'tested' banking industry: Nedbank
Nedbank has admitted that the collapse of African Bank, the country's largest unsecured lender, "tested" the SA banking industry... read more>>
Education & Training
Sanlam to release 'One Rand man' to schools
Launched on 26 February, the 20-minute 'One Rand Man' documentary, will now be made available to schools, as well as financial advisers who want to educate their clients. read more>>
Universities get bulk of higher education spending

Paul Vecchiatto

Transfers to universities for subsidies and infrastructure make up 42% of the R200bn allocated to post-school education and training in the medium term‚ said the Treasury in its 2015-16 Budget Review... read more>>
Financial Services
Financial sector update by the deputy minister of the DTI

Issued by Retail World

Join Deputy Minister Mzwandile Masina as he welcomes you to the fifth annual Retail World Africa 2015, to be held at the Sandton Convention Centre in Johannesburg... read more>>
Markets & Investment
GDP increases by 4.1% in fourth quarter of 2014
South Africa's gross domestic product (GDP) increased by 4.1% in the fourth quarter of 2014, Statistics South Africa (Stats SA) said on Tuesday, 24 February... read more>>
[Budget 2015] Implementation will be the proverbial proof in the pudding
The minister's repeated reference to the National Development Plan (NDP) in his budget speech provides some level of policy direction as it appears that the NDP, previously declared as the cornerstone of government policy, appears to have lost some traction in recent times... read more>>
Taxation & Regulation
SA employers under pressure to prepare payrolls for 2015/6 budget

Madelein van der Watt

South African employers must act quickly to prepare their payroll systems and processes for the new tax brackets and calculations... read more>>
Tax relief for small businesses a positive incentive
Ethel Nyembe, head of Small Enterprise at Standard Bank, says small businesses in South Africa can breathe a sigh of relief following Finance Minister, Nhlanhla Nene's, announcement that businesses with turnovers of below R1m a year will have their tax rates reduced from 6% to 3%... read more>>
Cliffe Dekker Hofmeyr summarises 2015 Budget
The Minister of Finance, Nhlanhla Nene, delivered the 2015 Budget speech which contains a number of tax proposals that will impact businesses and individuals alike. Cliffe Dekker Hofmeyr has provided a summarised version of certain key tax proposals... read more>>
Transfer duty and the 2015 budget

David Warmback

Commentary from David Warmback of Shepstone & Wylie on some interesting changes proposed to the transfer duty rates and brackets announced in the 2015 Budget Speech... read more>>
PwC tax comment on the 2015 Budget Review
PwC has provided comment on Finance Minister Nene's 2015 Budget Review yesterday... read more>>
Budget 2015: Read the fine print
Although Budget 2015 has delivered some good news for small business, the South African Institute for Professional Accountants (SAIPA) says it's not all good news... read more>>
SARS awaits comments on changes to deferment scheme

Virusha Subban

Currently, if an importer applied for and is accepted into the SARS deferment scheme, the payment of import duty and import VAT may be deferred or suspended for up to 30 days... read more>>
Various options using VAT to raise revenue

Ferdie Schneider

The Finance Minister has various options at his disposal concerning how he could use VAT as a fiscal instrument to raise revenue and reduce the budget deficit that has occupied the brain trust in government... read more>>
Debt reduction and mining assets

Heinrich Louw

On 18 February 2015, the South African Revenue Service (SARS) released Binding Private Ruling 187, which dealt with the waiver of a loan subsequent to the implementation of an intra-group transaction... read more>>
International
British American Tobacco confirms possible offer for Souza Cruz minorities
More International
Africa
Vodacom and Tigo agree on mobile money interoperability
DAR ES SALAAM, TANZANIA: Millions of M-Pesa and Tigo Pesa customers in Tanzania will soon be able to send and receive money directly into each other's wallets. This follows the recent signing of a mobile money interoperability agreement between Tigo and Vodacom... read more>>
More Africa
Jobs offered


New events to diarise
Success through business planning - GrowthCLUB
ActionCOACH Kempton Park - 18 Mar 2015, Midrand

Insurance Law Conference 2015
Alpha Omega Events - 18 Mar 2015, Johannesburg

What's your money story
19 Mar 2015, Johannesburg

Upcoming events
Contactless Payments Conference 2015
Trade Conferences International - 4 Mar 2015 to 5 Mar 2015, Johannesburg

Contactless Payments Conference
Trade Conferences International - 4 Mar 2015 to 5 Mar 2015, Johannesburg

Ready Set Retire
Alexander Forbes - 5 Mar 2015 to 17 Mar 2015, Countrywide

Alexander Forbes Conference
Alexander Forbes - 5 Mar 2015, Port Elizabeth | 9 Mar 2015, Cape Town | 11 Mar 2015, Johannesburg | 17 Mar 2015, Durban

Excel Dashboards - for sound business decisions
Silver Solutions Events - 9 Mar 2015 to 10 Mar 2015, Cape Town

Essential financial skills
PRISA - 9 Mar 2015 to 10 Mar 2015, Randburg

Cards and Payments Africa 2015
Terrapinn Ltd - 10 Mar 2015 to 11 Mar 2015, Johannesburg

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