Category Archives: Finance

VAT Increase and Accounting Systems

As you are aware, the National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15% effective 1 April 2018. We urge you to ensure that your accounting systems are set up to process transactions at the … Continue reading

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Allowable Stock Deductions: Hopefully Less Tax, Less Admin

George, the CEO of a company, was driving with his Finance Director, James, to a meeting. George had learned of a recent Tax Court case around stock values and was curious to know more. “James what does this stock case … Continue reading

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Bitcoin: Is A Bubble Driving Up The Price?

“A bubble is an economic cycle characterized by rapid escalation of asset prices followed by — a massive selloff.” (Investopedia definition)  You come home from work one day and see your next door neighbour off-loading an expensive flat-screen T.V. He tells you … Continue reading

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Running on Empty: Is Our Downgrade to Full Junk Status Coming?

To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister of Finance will present the Medium Term Budget Framework (MTBF). Ratings agencies will closely … Continue reading

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In The News Again: Mandatory Audit Firm Rotation

Recently the head of the IRBA and the Finance Minister announced that this would commence on 1 April 2023. There has been a backlash to this by prominent bodies such as the King Committee, the Institute of Directors and the … Continue reading

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Blockchain Technology: New Potential in Financial Services

Bitcoin is currently the best known user of a blockchain platform, but expect many more varied uses to emerge. For example Calastone, which provides a platform for mutual funds (e.g. unit trusts) to trade in 34 countries, recently successfully replicated … Continue reading

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Lean Times Ahead: 6 Steps to Help You through Them

“We have seen better days” (Shakespeare) When you read that nearly 75% of the middle class experience financial difficulty and a similar percentage are in debt, it is time to worry. Add to this the economic difficulties the country is … Continue reading

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The money market trap

To the general public money market unit trust funds are safe and secure; a conservative, yet sensible investment that protects capital. This is a half-truth, as safety and security come at a cost. The cost? Inflation. The money market is … Continue reading

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You Will Retire, So Get Ready Now!

Benjamin Franklin once said the only certainties in life are death and taxes. To that you can add retirement (assuming the Grim Reaper doesn’t interfere earlier). Yet research shows that no more than 10% of us can retire comfortably. What … Continue reading

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