Budget 2017

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MTBPS - Gigaba does not impress

26 October 2017

All eyes were focused on Cape Town yesterday as Finance Minister Malusi Gigaba delivered his maiden Medium Term Budget Policy Statement (MTBPS). FAnews received the release below from Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management which gives some insight into the problematic MTBPS.

VAT : Adding more fuel to the fire for consumers

27 February 2017

As part of the 2017 Budget, Government has put forward a proposal for scrapping the zero-rating on fuel to expand the VAT base in 2018/2019. What does this mean for consumers?

Trevor Manuel and Judge Dennis Davis talk tough post Budget 2017

27 February 2017

Two days after Finance Minister, Pravin Gordhan, delivered his 2017/18 Budget Speech, KPMG in South Africa hosted a budget breakfast to unpack – among other things – the tax proposals that were delivered by National Treasury. The breakfast discussion had an esteemed panel of progressive thinkers such as former Minister of Finance, Trevor Manuel and Judge Dennis Davis, who is the Chair of the Davis Tax Committee.

Read beyond the Budget headlines: Bracket creep hits low to middle income earners

24 February 2017

The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But the silent tax increase is the one to worry about.

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“I don’t need your financial or risk advice, I am quite capable of doing this myself”. How do you respond to this boast by a prospective client?

Answer

Challenge them to produce a plan Counter with a real-world example Offer a free financial / risk check Shrug and move on

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