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Budget 2018: towards more sustainable funding for State-Owned Enterprises (SOEs)

Budget 2018: towards more sustainable funding for State-Owned Enterprises (SOEs)

Context In his “New Deal” for reigniting job creation and economic growth, President Cyril Ramaphosa identifies the need to restore State-Owned Enterprises (SOEs) as drivers of economic growth and social development. President Ramaphosa admitted in…

Budget
How to craft CSI programmes that will make long-term differences

How to craft CSI programmes that will make long-term differences

Budgets are under pressure, the role of technology is becoming more important, and the needs of the communities we serve are changing fast. It’s critical for corporations to invest their social and community development funds…

Budget
How low inflation boosts take-home salaries and pensions

How low inflation boosts take-home salaries and pensions

Latest data suggests upward movement will contribute to consumer recovery in coming months. South African salaries increased for the fifth consecutive month in July with average salaries and pensions rising – leading to the strong…

Budget
What was the ruling issued by SARS in respect of venture capital companies?

What was the ruling issued by SARS in respect of venture capital companies?

The South African Revenue Service (SARS) issued binding private ruling 264 on 3 February 2017 (Ruling). In essence, the Ruling determines whether each share to be issued by a venture capital company (VCC) and another…

Budget
Radical economic transformation regarding tax changes?

Radical economic transformation regarding tax changes?

COSATU issued a press release recently in relation to its “enormous expectations” for the 2017/18 budget.  As regards the tax proposals, how does Budget 2017 measure up? Income tax and VAT increases should only be…

Budget
Is income tax likely to increase for 2017?

Is income tax likely to increase for 2017?

We encourage all employers, employees and payroll departments to prepare themselves for an income tax increase that was announced during Finance Minister Pravin Gordhan’s National Budget Speech. Too much tax South Africans already contribute multiple…

Budget
What is the national minimum wage in South Africa

What is the national minimum wage in South Africa

During a media briefing held on 20 November 2016 at the National Economic and Labour Development Council, Deputy President Cyril Ramaphosa announced the introduction of a national minimum wage. In his 2014 State of the…

Budget
What to understand with a 13th cheque

What to understand with a 13th cheque

As Christmas season approaches, some lucky employees will be looking forward to a bonus or a thirteenth cheque. Frequently, however, people express surprise that their thirteenth cheque doesn’t translate into double their typical take-home pay.…

Budget
10 tips to determine company financial stability

10 tips to determine company financial stability

A financial director is responsible for keeping the company financially afloat while helping to plan for the future. He or she takes on a vast responsibility, as poor cash flow or debt management can ruin…

Budget
How to get the balance of remuneration right

How to get the balance of remuneration right

The practice of South African companies when it comes to approving remuneration policy an advisory vote by the board may be too ‘tame’ when compared with the rest of the world. Australian practice compels boards…

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