Articles

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…

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…

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…

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…

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…

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…

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.

News24 – Read Article The MPC’s decision means the monthly instalment on a new R2-million home loan at the prime rate will be almost R350 cheaper. Since the MPC started hiking rates in 2021, repayments on a R2-million bond surged by R7 000 a month. As expected, the SA Reserve Bank’s monetary policy committee (MPC) lowered…

News Article – Business Tech Absolutely! If South Africa is expecting both lower petrol prices and a potential reduction in interest rates next month, that would be positive news for many. Lower petrol prices can ease the cost of living and transportation expenses, while reduced interest rates might lower borrowing costs for consumers and businesses,…