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Increase in thresholds for exemption of employer-provided bursaries

On 8 July 2016, the National Treasury released the draft Taxation Laws Amendment Bill 2016 (TLAB). The TLAB aims to give effect to the various tax proposals announced in the 2016 National Budget...

By Mark Morgan and Gigi Nyanin 1 hour ago

How the proposed carbon tax law (and offsets) will work

The draft Carbon Tax Bill sets out the framework on taxing on greenhouse gas emissions, as well as relief such as offsets...

5 hours ago

Nedbank signs deal to acquire UnionPay cards in South Africa

UnionPay International has concluded an agreement with Nedbank for the acceptance of UnionPay cards on Nedbank-operated ATMs and point-of-sale terminals, paving the way for acceptance of e-commerce and contactless transactions...

Issued by UnionPay International 4 hours ago

The state of savings in South Africa

Instead of the rosy financial future promised by democracy, most South Africans are enslaved by overspending and debt...

By Cathy Lammas 1 day ago

Insurance could balance the legal scales

There is a famous saying: If you have the law, hammer the law. If you have the facts, hammer the facts. If you have neither the law nor the facts, hammer the table...

By Sharon Snell 22 Jul 2016

Treasury simplifies tax amnesty draft

The Treasury has made significant changes to draft legislation on the new tax amnesty on offshore assets that takes effect later in 2016 in a bid to make it simpler for taxpayers to come clean on any foreign income and assets they have not declared to the taxman...

By Hilary Joffe 22 Jul 2016

SCI launches retail and qualified investor hedge funds

Sanlam Collective Investments has received approval from the FSB to offer both retail investor hedge funds and qualified investor hedge funds...

21 Jul 2016

UnionPay International signs strategic memorandum of understanding with GIM-UEMOA

A partnership between UnionPay International and GIM-UEMOA will see GIM-UEMOA become an UPI acquirer and processing service provider to financial institutions in the West African Economic and Monetary Union, UEMOA zone...

Issued by UnionPay International 21 Jul 2016

SA's economy not all doom and gloom

While 2016 might turn out to be difficult for South African consumers in two decades, next year may bring "moderate improvement" to the economy...

20 Jul 2016

Self-driving cars and insurance - Gigantic losses or innovation opportunity?

Imagine a world where you can summon your car via an app on your phone...

By Ané Theron 20 Jul 2016

Old Mutual predicts no further rate hikes this cycle

With the rand firming, a flat oil price and grain prices levelling off, SARB is unlikely to raise interest rates again this cycle...

20 Jul 2016

Hollard updates its travel insurance policy

Hollard customers will no longer have to first gain authorisation for certain medical emergencies while travelling...

19 Jul 2016

Sugar tax paper set to stir up sticky debate

Now that the Treasury has published for comment its policy paper on the tax of sugar-sweetened beverages, a debate about the sugar tax proposal can begin in earnest...

By Hilary Joffe 19 Jul 2016

FNB's IT incubators hatch innovators

FNB has put together a number of think tanks to support budding entrepreneurs and merge IT and business to foment its fintech initiatives...

By Nicci Botha 19 Jul 2016

SAA and Outa closer to courtroom showdown over dodgy BnP Capital deal

South African Airways (SAA) has not agreed to the terms of a demand from the Organisation Undoing Tax Abuse (Outa) to proceed with its flawed transaction with BnP Capital, and the matter is increasingly likely to go to court...

By Nicky Smith 19 Jul 2016

Three things you can do to improve your odds of getting small business loans

Startup financing is often the holy grail of entrepreneurs and it takes a high degree of commitment to your idea to go through the rollercoaster ride of raising financing for a startup...

By Boris Dzhingarov, Issued by Monetary Library 19 Jul 2016

KPMG digital partnership aims to transform the insurance industry

A new alliance is driving digital transformation in the insurance industry that addresses regulatory requirements, while focusing on the customer...

18 Jul 2016

Banking on change: How the post office plans to reinvent itself

Mark Barnes plans to transform the post office - one step at a time...

By Danette Breitenbach 15 Jul 2016

Sanlam acquires 49% stake in First Global Asset Management

Graviton Financial Partners, a wholly owned subsidiary of Sanlam Investment Holdings, has acquired an equity interest in First Global Asset Management...

15 Jul 2016

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