2018 Budget speech Update

2018 Budget speech Update

2018 Budget speech Update   The Minister of Finance announced amendments to tax and other legislation that may affect investors. These changes come into effect on 1 March 2018, unless otherwise indicated.   Income tax Individuals and special trusts There were no...
Facing a fiscal crisis

Facing a fiscal crisis

The synchronised global economic expansion continues to gain momentum. World trade is growing and increasing demand is putting upward pressure on commodity prices. Normally, South Africa would benefit from these positive trends, but the best description of the present...
How South Africans can save in other currencies

How South Africans can save in other currencies

It is getting easier and easier for anyone to protect your money from rand fluctuations and invest offshore. In fact, international saving is now so simple that you can put funds away in one of several currencies just by clicking a few buttons. Absa clients can now...
Paying the taxman

Paying the taxman

Tax season – the period during which you are required to submit your annual income tax return – started on 1 July and is now in full swing so I thought it would be interesting to look at how long we work for the taxman in South Africa, metaphorically speaking. If we...
Is there still value in global equities?

Is there still value in global equities?

While the appetite for global exposure among South African retail investors is undoubtedly on the upswing – fuelled by a combination of rand weakness and a greater need for diversification – many are concerned that several global asset classes currently appear...