Tag: Malusi Gigaba
Land expropriation may cause banking crisis
The South African Parliament agreed on 27 February 2018 to review section 25 of the Constitution with a view to amending the Constitution to allow for the expropriation of land without compensation as tabled by the Economic Freedom Front. This was met with surprise and consternation from banks, the agricultural industry and the international investor community.
Land expropriation without compensation unjustifiable – morally and technically
During the State of Nation Address, the President of RSA Cyril Ramaphosa said the ANC plans to have a consultative public discussion to explore the merits of the ANC conference resolution on land expropriation without compensation. The ANC and South African government are certainly focused on the land reform project. In my view however, they are not thinking in the right direction.
Budget 2018 – Highlights, Tax Guide, Budget Review and Full Speech
Finance Minister Gigaba delivers 2018/19 Budget Speech. 1% hike in Value-added tax (VAT) increased by 1% to 15%. Government spending cut over the next three years amounting to R85 billion. Fuel levy increase 52 cents a litre.
R57 billion will be spent over the next three years to fund higher education
A medium-term budget of records
Lesiba Mothata | Executive Chief Economist | Alexander Forbes Investments | mothatal@aforbes.co.za | www.alexanderforbes.co.za |
For the first time since 1994, there is a task...
Medium-Term Budget Policy Statement #MTBPS2017 – impacts us all!
Craig Pheiffer | Chief Investment Strategist | Absa Stockbrokers & Portfolio Management | prmedia@absa.co.za | www.absa.co.za |
The Medium-Term Budget Policy Statement (MTBPS) - often referred...
DRAFT TLAB: Debt conversion into equity proposals?
A workshop was recently hosted by National Treasury on the proposed changes in the draft Taxation Laws Amendment Bill, 2017 (TLAB) on converting debt to equity.
These proposed amendments in the draft TLAB are in sections 19, new sections 19A and 19B, and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962.
FICA amended – Needs implementation
With South Africa already on precarious ground as a result of its alleged ‘state capture’, not least also the effects of South Africa being...
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.
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.
