Things that are going right for South Africa

News Article – Business Tect > Read More Despite a turbulent global landscape marked by Donald Trump’s return to the US presidency and escalating geopolitical tensions, South Africa’s economy is showing signs of resilience and potential for growth in 2025. Several factors are contributing to this cautiously optimistic outlook, including the fading impact of load…

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Global economic outlook: Steady growth with persistent challenges

News Article – Moneyweb > Read More The World Bank projects that the global economy will maintain a steady growth rate of 2.7% in 2025 and 2026, consistent with the previous two years. While this stability is noteworthy, the growth rate remains insufficient to significantly alleviate global poverty, particularly in developing economies where sluggish investment,…

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Multiple interest rate cuts still on the table for South Africa

News Article – BUSINESS TECH > Read More Increasing oil prices and the weak rand are bad news for South Africa, but the South African Reserve Bank still has scope to cut interest rates later this month and again in March. The Bureau for Economic Research (BER) said that it was encouraging that Israel and…

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Great news for take-home pay in South Africa

News Article – BUSINESS TECH > Read More Take-home pay in South Africa has reached its highest point in record time, with the latest BankservAfrica Take-home Pay Index (BTPI) hitting over R17,000 for the first time since inception. This is a result of continued upward momentum in pay this year, with the average disposable income…

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Sarb, climate shocks and the economy

News Article – Moneyweb > READ MORE Climate change poses economic and social risks that can affect the workings of the financial system – the complex interaction of financial institutions and markets. Central banks, as the custodians of stable financial systems and stable prices (low, stable, and predictable inflation), have a responsibility to ensure that…

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Big tax hikes coming for businesses in South Africa

News Article – BUSINESS TECH > Read Article Carbon taxes in South Africa are set to rise by over 140% by 2030. Coupled with the phasing out of tax allowances, some industries may see an overwhelming 340% increase. This increase threatens to raise electricity costs significantly and impact exports.  However, Deputy Minister of Electricity and Energy Samantha…

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2025 Medical scheme contribution hikes: What’s driving the surge and what does this mean for you?

News Article – Bizcommunity > Read Article In recent announcements regarding medical-scheme contribution increases for 2025, questions around the level of the increases and sustainability of the industry have begun to emerge. Among the top five open medical schemes, Bestmed and Medihelp have reported the highest average increase of 12.75% and 10.8% respectively. Following closely…

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Consequences of an Interest-Free Loan to a Director in South Africa.

News Artical – Accounting Weekly > READ MORE In South Africa, the question of whether a company can give an interest-free loan to a director is a common one, especially for smaller businesses or companies with close relationships between directors and management. The answer requires an understanding of both the Companies Act and South Africa’s…

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Dark clouds for remote workers and offshore investors in South Africa

News Article – Businesstech > Read Article The International Fiscal Association (IFA) has warned that remote workers—so-called ‘digital nomads’—and high-net-worth individuals with investments in different tax jurisdictions should expect increasing scrutiny from tax authorities. According to Professor Jennifer Roeleveld, international taxation expert and President of IFA South Africa, countries across the globe are seeing an…

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SA ranks top 3 for fiscal transparency

News Article – Bizcommunity > Read Article The International Monetary Fund’s Fiscal Transparency Evaluation Report has ranked South Africa in the top three globally for fiscal transparency, welcomed by National Treasury. According to the International Budget Partnership, South Africa has a strong record of fiscal transparency and consistently ranks among the top three countries worldwide for transparency.

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