Tag Archives: Junk Status

Be ready for SARS employee audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous pressure on the South African economy. Further economic deterioration in the economy will probably result in a downgrade to junk … Continue reading

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Are We Headed for Junk Status or Only Tax Increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that fiscal consolidation in the absence of growth does damage growth further.” (Finance Minister Pravin … Continue reading

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Are we headed for junk status or only tax increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that fiscal consolidation in the absence of growth does damage growth further.”  (Finance Minister Pravin … Continue reading

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Junk status I: How will it affect me?

“Now is the winter of our discontent” (Shakespeare) The first thing to rise would be interest rates. If you have a mortgage bond or have financed a car, your monthly payments will rise. As a rough example, a bond of … Continue reading

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