Tag: economic growth

It is evident there are diverse views on the National Health Insurance (NHI) bill. The NHI will always remain a hot topic fuelled by speculation and political ambitions, but none of us can deny that, for the good of the country, the healthcare system needs to transform.

While much has been written about the need for structural reform in the economy, and the need for the government to have more investment friendly policies, it is also useful to look at where the government can cut costs to prevent South Africa falling off a fiscal cliff in the medium term.

According to the Global Peace Index for 2020 by the Institute of Economics and Peace (IEP), violence costs South Africa about 13% of its gross domestic product (GDP) per year. South Africa ranks as the 26th most costly in the world, totalling $97.4 billion, or $1,971 per capita (in PPP terms).

Unemployment rates in and around mining communities increase annually, with limited new job opportunities emerging. Enterprise and Supplier Development (ESD) is of national importance and can unlock significant organisational value.

Amendments to the Employment Tax Incentive Act, 2013 geared towards halting the abuse of employment tax incentives came into force on 1 March 2022. The Employment Tax Incentive (ETI) project was introduced in the ETI Act, 2013 to help combat the scourge of youth unemployment in South Africa.

South Africa’s Minister of Finance, Mr. Enoch Godongwana, delivered his maiden National Budget Speech to the National Assembly on Wednesday, 23 February 2022. A crucial function of the Budget Speech is to provide details of spending and make proposals about how the priorities outlined in the President’s State of the Nation Address will be funded.

A few weeks into 2022, an underlying investment theme started to emerge, that of a continued, broad-based recovery with strong economic performance across the globe. Evidence of this recovery was noted in the U.S. Federal Open Market Committee (FOMC) January 2022 statement.

Markets continued their rally into the fourth quarter of 2021, with South African (SA) equities delivering its strongest calendar year return since 2012 (up 27.1%) and global equities since 2015 (up 28.8% in Rands).

During the years of Cyril Ramaphosa’s presidency South Africans have understandably become a tad cynical when his annual State of the Nation (SONA) takes place. Typically filled with big promises, his presidency is likely to be remembered for under-delivery.

We have released a draft of South Africa’s first Compendium of Taxpayer Rights, Entitlements and Obligations, which informs taxpayers about their rights, entitlements and obligations concerning their tax affairs and engagements with the South African Revenue Service (SARS).