Archive | February, 2015

Budget Speech 2015 summary

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: […]

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Calls to increase VAT over income tax

 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 […]

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2015 @ Chalford Wealth

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 […]

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