Here is the 9th issue of Fair Play, Office of the Tax Ombud’s external newsletter which aims to keep you updated with pertinent and latest developments in the OTO and in the tax recourse sphere. This latest issue of Fair Play is themed “You have the right to be treated fairly by SARS” and it provides insights…
Tactical view: We still look for a pull-back in the rand from these overextended levels, closer to the R14.50- 14.20 region. Strategic view: We believe tighter global financial conditions are negative for the carry-trade, leaving the rand vulnerable. Read the report below (If you don’t see the document, please try refreshing your browser)
From Fin24: 5 Reasons Why Moodys Gave SA a Ratings Breather Mar 24 2018 09:17 Tehillah Niselow Johannesburg – In a late night ratings review, Moody’s Investor Services affirmed South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and revised the outlook to stable from negative. This ended three months of the country…
Key points S&P Global has downgraded the South African long‐term local currency sovereign credit rating to subinvestment grade BB+ (stable outlook) from BBB‐ and the long‐term foreign currency sovereign credit rating to BB (stable outlook) from BB‐. This followed the earlier foreign currency debt downgrade to junk status in April. Moody’s has left its equivalent…
Date: 25 October 2017 The Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Malusi Gigaba, today, is an honest reflection of the grave state of our public finances but lacks sufficient detail to bring confidence and greater certainty to the economy, Business Unity South Africa said today. “We welcome the acknowledgement by the Minister…
The South African Reserve Bank invites you to the Financial Stability Forum that coincides with the release of the latest Financial Stability Review. Kindly complete the attached form and RSVP toSharlay.Madalane@resbank.co.za by Wednesday, 1 November 2017.
FCCI & RCCI are hosting an engagement session with SEFA (the Small Enterprise Finance Agency) on Thursday 31st August 2017. The aim of the session is to engage the Gauteng Business Community and to open lines of communication. A wealth of information will be shared on how business owners can raise their business profile and…
If you lived in New York, you’d be paying $7.95 – R100.43 – for a loaf of bread, according to the Worldwide Cost of Living report recently released by The Economist Intelligence Unit. However, petrol would be costing you only $0.61, or R7.70 per litre. The report explores the cities with highest and lowest cost…
The head of EY’s Africa tax practice has called for the finance minister to be bold and increase the Value Added Tax (VAT) rate by two percentage points in February’s budget, arguing that some large companies have long been readying themselves for the costly exercise of changing systems to accommodate a higher rate. Africa tax…
Please find below the Statement from the Reserve Bank Governor regarding the Monetary Policy Committee deliberations. Points to note are: The Repo rate remains unchanged at 7% The prime lending rate also be unchanged at 10.5% Headline inflation is expected to average 6.2% in 2017, compared with a previous forecast of a 5.8%