Tag: foreign exchange

South Africa takes on the presidency of the Group of 20 (G20) in 2025 with six headline priorities. These include debt sustainability for low-income countries, mobilising finance for a just energy transition, food security, disaster resilience and digital infrastructure. Among these, payment reform is the one that businesses in the country will feel most directly.

As a business traveller, you carry more than just your laptop and a positive attitude. Between your tech, your corporate credit cards, and that nice watch you wear to impress clients, you could be toting around R50,000 to R200,000 in value. That's quite the tempting target for those with less-than-honest intentions.

Cryptocurrency traders in South Africa are focused on understanding the tax implications of their transactions. These transactions are relative to the Income Tax Act. This has been challenging, as SARS has only stated that "the normal rules apply." They have not provided authoritative guidance on cryptocurrency-related transactions or when profits are considered capital or income.

Unless you have a peculiar fondness for queues, chances are you prefer doing as many day-to-day tasks that fall under the “life admin” category as possible online. Whether it’s grocery shopping, renewing your car license disc, or paying your rates bill, most of us prefer doing them from the comfort of our desks or homes. It’s faster, more convenient, and saves a lot of hassle. 

It’s no secret that the Rand is incredibly volatile. Anyone who listens to the currency reports at the end of a news bulletin knows how big the swings (mostly in the wrong direction) any time there’s a major economic event at home and abroad.

The shortcomings of the Value Added Tax (VAT) apportionment formula set out in 2011, have been addressed in a new formula which applies with effect from all financial years commencing on or after 1 January 2024. We highlight important adjustments to the formula which is laid out new Binding General ruling, BGR 16 (Issue 3).

The employment trends in the metals and engineering sector are an important indicator for the underlying structural constraints that have plagued the sector for the last decade and a half. The sector currently employs 362,871 people, which is a significant drop from the 577,507 people employed in 2008.

In a world that's becoming increasingly interconnected, investing beyond the borders of your home country is not just an option, it’s a valuable and prudent strategy for anyone seeking to enhance their wealth. Thanks to advancements in technology, international investments are now more accessible than ever, allowing individuals to build and manage global portfolios from anywhere in the world.

In the vast expanses of the African continent, a beacon of entrepreneurship and innovation shines brightly. Nestled at its southernmost tip, South Africa is not just a country, it's a dynamic marketplace brimming with potential. Yet, it's not just the sprawling savannahs or the captivating cultural heritage that make this nation remarkable.

Some of South Africa’s foremost investment thinkers have long advised that people living in the country hold as much of their wealth offshore as possible. Understandably so too. Over the past decade or so, the S&P 500 has outperformed the JSE All-Share Index by a significant margin.