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Snippets on SONA from Grant Thornton

13 February 2015

Key executives from Grant Thornton South Africa, provide commentary and snippets following President Jacob Zuma’s State of the Nation Address last night, Thursday 12 February 2015:

Transactions show SA economy flat but slowly positive – BankservAfrica index

11 February 2015

With consumer price inflation slowing in January 2015 as a result of huge fuel price decreases, the lower rate of inflation has helped keep the year on year BETI positive despite a very flat monthly change. Although this is certainly not the start to the year South Africa would ideally have wanted, it is at least not a declining start.

January transactions show SA economy flat but slowly positive

11 February 2015

The latest BankservAfrica Economic Transaction Index (BETI) has revealed that January had 80.7 million transactions via the BankservAfrica payments system, up 1.1% on 2014. The standardised monetary value fell below R600 billion for the first time since January last year and sits at R593.5 billion.

Budget expected to reveal short-term pain, long-term gain for SA's wealthy

29 January 2015

South Africans, and especially high net worth individuals, should brace themselves for significant tax increases across the board when Finance Minister, Nhlanhla Nene, announces the Budget for the new tax year, says Old Mutual Investment Group Senior Economist, Johann Els. But this is not altogether bad news, and should indeed be welcomed, he adds.

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