Monday, 26 February 2018 12:41

No wealth tax but taxing the wealthy

In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.

In his Budget Speech 2018, Finance Minister Malusi Gigaba used Bridge City as an example of a successful public-private partnership which is leading to social and economic transformation.

Friday, 08 December 2017 12:29

What to expect in the housing market in 2018

With much still riding on the outcome of the ANC elective conference later this month (16-20 December 2017) which, coupled with the Budget Speech in February next year (2018), will impact on business and consumer confidence and market sentiment in general.

Daniel Silke is regarded as one of the South Africa’s leading political analysts and futurists. With over 15 years’ experience as a political analyst and futurist, it comes as no surprise that he is often interviewed to share his thoughts and opinions on the country’s leading television news and radio talk shows.

The Reserve Bank says a further rating downgrade of South Africa could lead to capital outflows.

While much has been made of the proposals contained in the first interim report of the Davis Tax Committee on estate duty, particularly those related to trusts, as well as in this year’s Budget Speech, these structures remain viable and useful instruments.

A government expenditure review has found that government could save 20% on its current property leases over the next three years.

Government and state-owned companies (SOCs) is set to spend R865.4 billion on public sector infrastructure, over the course of the next three years. 

Efforts are being stepped up to alleviate electricity supply constraints, with government preparing to expand the Independent Power Producer (IPP) initiative, said National Treasury.

This is according to Finance Minister Pravin Gordhan who tabled the 2016 Budget during a joint sitting of the National Council of Provinces (NCOP) and the National Assembly, in Parliament, on Wednesday.

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