Review applications & post-transfer realities
When contemplating the purchase of a business as a going concern, it is necessary to carry out the appropriate due diligence of the respective business.
Political instability a concern?
While South Africans are still coming to terms with the implications of junk status (so far not much), global markets are not standing still and a number of notable developments are taking place.
Municipalities advanced rate collection policy declared invalid!
In a boon for the property market, the Supreme Court of Appeal has ruled that municipalities that demand property sellers pay many months of rates, fees and charges prior to issuing a rates clearance certificate to transfer the property, may no longer do so.
More important than ever to manage finances
Two weeks have passed since political drama caused havoc in markets yet again, this time with very serious consequences for the South African economy, consumers and investors.
Downgrade – SME’s to stand firm
Small business representative organisation AHI says the news that the rating agency, Fitch, has downgraded South Africa's credit rating to sub-investment grade will lead to catastrophically lower economic growth, with some estimating billions of Rands in outflows and a doubling of our current account deficit.
Junk Status – what it means
It has happened!
For months we, as a nation, have been struggling and fighting not to be downgraded to junk status, but on Monday, 3 April 2017, following the cabinet reshuffle, it was announced that South Africa’s sovereign credit rating was cut. However, what does that mean?
S&P ratings downgrade unscheduled!
On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+.
A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.
A NEW ERA FOR SA’S TREASURY
South African President, Jacob Zuma, has decided to remove the Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas, from their posts.
TFSAS – WHEN ARE THEY APPROPRIATE?
Much has been written about Tax Free Savings and Investment Accounts (TFSAs) and there was considerable excitement when these vehicles were first launched. While...
Is a Fed rate hike a foregone conclusion?
Although markets have started pricing in a December rate hike by the US Federal Reserve (Fed) PSG Wealth believes there is a strong argument to be made that they shouldn’t.
