New tax changes to impose strict rules on taking retirement funds out of South Africa
The draft Taxation Laws Amendment Bill (TLAB) was published on 31 July 2020 and with it comes an overhaul of the regime for taking your retirement funds abroad.
wordpress
Where in Europe wealthy South Africans are buying property
Whether it’s a growing concern about the SA economy, the desire to move funds offshore, or simply the desire to become a global citizen and enjoy visa-free travel, a significant number of wealthy South Africans are investing in property internationally, often with a view to obtaining residency or citizenship in a foreign country, and currently …
Where in Europe wealthy South Africans are buying property Read More »
The most in-demand job skills in South Africa right now
CareerJunction has published its latest monthly jobs index for July 2020, showing which jobs are currently the most sought after in South Africa.
South Africa’s fundamentals do not bode well for the rand: economists
Pressure on consumers, the return of load shedding and the dire fiscal situation and political uncertainties in South Africa paint a bleak picture for the rand, say Bank of America (BofA) economists, Rukayat Yusuf and Jure Jeric.
The rules around wearing a mask while driving in South Africa – and the fines you can expect to pay
Magistrates across the country are releasing updated admission of guilt penalties for breaking South Africa’s lockdown regulations, including a number of motoring-specific fines.
Counting the cost of South Africa’s alcohol and cigarette sales ban
The continue prohibition on alcohol and cigarette sales has come at a hefty cost to South Africa’s fiscus, says SARS commissioner Edward Kieswetter.
Ramaphosa expected to announce eased lockdown: reports
President Cyril Ramaphosa and other government officials met with business and labour officials on Thursday (13 August) as part of a National Economic Development and Labour Council (Nedlac) meeting to discuss South Africa’s coronavirus response.
5 important things happening in South Africa today
Ramaphosa could address the nation this weekend about a move to a lower lockdown; another task team to be established to finalise South Africa’s economic recovery plan; health experts warn that social distancing and restrictions on gatherings need to stay to prevent a resurgence of Covid-19; and Gupta witnesses tell of prominent people leaving Saxonwold …
5 important things happening in South Africa today Read More »
These charts show how a shrinking economy hurts South African banks
South Africa’s moribund economy is dealing a hammer blow to the country’s banks, which are facing profit declines of as much as 85%.
Business groups launch new petition against South Africa’s lockdown – here’s what they are calling for
A group of business organisations have signed a new petition calling for a complete end to the South Africa’s lockdown.