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In terms of VAT, Meiring says that R80bn was raised last year, and the rate has been constant for 10 years – a significant achievement – and 6.5% of GDP, and a VAT reduction is not on the cards. Meiring is the business environment manager at OMAM SA.
The Nedcor Economic Unit reports that the rand was weaker against major currencies earlier in the week, but rebounded following the Reserve Bank’s decision to leave interest rates unchanged on Thursday.
Reserve Bank governor Mboweni said that the MPC meeting has been concluded and that while the world outlook remains positive, with widespread growth the order of the day, the major risks have not changed since their last meeting.
Charles de Kock, head of asset allocation and strategy at OMAM says that there are some structural trends in the country.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?