Why you can’t tax a country into prosperity
February 23, 2021
A wealth tax may be the fastest way to plug the holes in government finances, but it’s dangerously unsustainable, according to Hannes Van Den Berg, CEO of Momentum Consult. Last week saw the arrival of…
Households' real net wealth increased by more than R1 Trillion since the first quarter of 2020
February 22, 2021
Wealthiest 2% households own almost 50% of the wealth, but be careful with the interpretation Summary South African households’ real net wealth increased by an estimated R1 009.1 billion (R1.009 trillion) from the onset of…
Budget 2021/22 preview: Smaller deficits than expected in October
February 22, 2021
By: Johann van Tonder, Economist at Momentum and Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments. Highlights Revenue for Budget 2020/21 can be about R216 billion less than national treasury’s…
Why a recession might be a good time to start a new business venture
February 18, 2021
By: Business Partners Limited Considering that South Africa won’t see the full roll-out of a COVID-19 vaccine until later this year, and is still reeling from the first and second COVID-19 wave, one might assume…
Finding solace after the storm - South Africa's 2021 budget options
February 18, 2021
By Tendani Mantshimuli, Liberty Economist The most pertinent question from the ordinary South African is, will the minister increase our taxes? The fear of the increase in tax is justified if one looks at the…
Budget to focus on trend of tax enforcement, improved collections - wealth tax unlikely
February 18, 2021
By: EY Rough road for taxpayers with audits, tougher enforcement Corporate tax rate cuts sooner or later South Africa’s budget, which is to be presented in parliament on the 24th February, in unlikely to see the…
SA must increase revenue, but how?
February 17, 2021
By: Mazars The upcoming National Budget Speech for 2021/22 will see South Africa’s Treasury in probably one of the most difficult positions it has ever faced. Not only is National Treasury expected to record a…
Moody's raises the outlook for Coface to “stable”
February 17, 2021
The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now…
