Tag: Blessing Utete
VAT hike – holistic employee support vital
The South African government has concluded its 2025 budget deliberations. It announced a Value Added Tax (VAT) increase of 0.5% from May 2025. It also announced a possible further 0.5% hike by April 2026. These increases are part of measures to address the growing budget deficit.
Lessons France can learn from SA following violent pension fund reform...
As the two countries implement reforms, the local situation is unlikely to spiral out of control as it did in France. In October 2010 there were massive strikes across France against pension reform. Activist Jean-Baptiste Reddé’s slogan “Ecoutez la colère du people" (Listen to the people’s rage) became world famous as the symbol that epitomised public sentiment.
EARLY ACCESS TO PENSION SAVINGS – THE IMPACT ON THE RETIREMENT...
The new two-pot system will provide short relief for SA retirement fund members, but the trade-off will include increased complexity and possibly increased administrative costs, notes Blessing Utete, Managing Executive: Old Mutual Corporate Consultants.
