Highlights of the South African National Budget Speech 2015/16 delivered by Finance Minister Nhlanhla Nene to Parliament on Wednesday, Cape Town. The 2015 Budget Review documentation is structured differently, increasing transparency. There is a new section on the financial position of public sector entities and an annexure on the progress in infrastructure spending. Economic Context: […]
For all the Discovery tips and benefits click below. Discovery-Summary
Convert part of your tax bill into retirement savings (Carla Rossouw GrayIssue – Allan Gray) While the long-term benefit of saving for a secure retirement may be obvious, investors may not appreciate the extra tax boost available from saving in an approved retirement fund, such as a retirement annuity fund (RA). Contributions to an RA […]
In the first 6 weeks of 2015 the country hatched about two dozen billionaires. China’s world-best stock market rally made January the busiest month for IPOs in a year. It also created a bundle of new billionaires. In the first six weeks of 2015, the world’s second-biggest economy hatched about two dozen billionaires, many of […]
A one-percentage point increase to value added tax (VAT) would contribute in excess of R16 billion to government revenue annually, more than double the gain that would be realised from an increase to personal income tax, Standard Bank says. Were government to increase personal income tax from 40% to 45%, it would gain just R7-R8 […]
I am struggling to believe we are already at the end of January 2015, ‘time stands still for nobody’ All of us at Chalford Wealth would like to wish you all a healthy and prosperous 2015.The uncertainty/volatility on local and global markets is due to continue although there are two big positives that could […]
