The economics of taxation

The economics of taxation

At a time when many South Africans are advocating the merits of increasing taxes to fund our excessive fiscal deficit, Sandy McGregor explains the interrelationship of taxation and growth. The rise of big government An efficient tax system is a necessary feature of a...
How to protect and grow your Stokvel

How to protect and grow your Stokvel

Saving is often the last thing on our minds when we have extra money and can seem daunting. But have you considered investing as part of a group? Globally various informal social savings clubs exist and have proven to help encourage saving in these countries, proving...
Understanding junk status and forced sales

Understanding junk status and forced sales

Who the ratings agencies are, how they work and what their ratings mean. The offices of S&P in the Canary Wharf business district in London. Photographer: Jason Alden/Bloomberg There are three rating agencies: Standard and Poor’s (S&P): it is the only agency...
The economic consequences of political decisions

The economic consequences of political decisions

The vote by the British electorate in support of leaving the European Union (EU) took markets by surprise. The immediate impact was a strengthening of the US dollar and yen relative to the pound and euro. The actual process of disengaging the United Kingdom from the...