Finance Trends 2018

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Sassa flouted policy in CPS payment, court told
Sassa flouted policy in CPS payment, court told

Corruption Watch told the High Court in Pretoria on Thursday, 22 February 2018, that the South African Social Security Agency (Sassa) had not complied with its supply chain policy when it agreed to pay Cash Paymaster Services (CPS) for the reregistration of social grant beneficiaries in 2015...

By Ann Crotty 17 hours ago

DHL E-commerce MoneyAfrica conference set for Cape Town in March
DHL E-commerce MoneyAfrica conference set for Cape Town in March

The fourth DHL E-commerce MoneyAfrica conference, one of the continent's largest e-commerce events, is set to take place at the Cape Town International Convention Centre from 14 to 15 March...

18 hours ago

Hyprop buys two shopping centres in Croatia through co-owned Hystead
Hyprop buys two shopping centres in Croatia through co-owned Hystead

Hyprop Investments has continued its offshore push by acquiring an interest in two shopping centres in Croatia...

By Alistair Anderson 22 hours ago

#Budget2018: Public Procurement Bill to give women and youth in business a leg up
#Budget2018: Public Procurement Bill to give women and youth in business a leg up

The long-awaited Public Procurement Bill will be submitted to Cabinet in March, paving the way for black-, youth- and women-owned businesses to get larger stakes in state procurement, which runs into billions of rand...

By Khulekani Magubane 1 day ago

Capital & Counties drops 4% despite weathering Brexit fall-out
Capital & Counties drops 4% despite weathering Brexit fall-out

Despite London-based property group Capital & Counties (CapCo), which is also listed on the JSE, weathering a difficult 2017 and managing to maintain its dividend growth amid fall-out from Brexit, proposed investors were unimpressed...

By Alistair Anderson 1 day ago

#Budget2018: Nuclear deal proves a damp squib, while renewables reignite
#Budget2018: Nuclear deal proves a damp squib, while renewables reignite

In a media briefing prior to his Budget Speech, Finance Minister, Malusi Gigaba, confirmed that the nuclear deal is off the table for now because the country simply cannot afford it...

1 day ago

Adrian Gore, CEO: Discovery. Photo: BusinessLIVE
Discovery offers aid in public health

Discovery CEO Adrian Gore says he would welcome the opportunity to partner with the government in scaling some of the insurer's healthcare innovations across the public sector, at no financial benefit...

1 day ago

#AEI2018: Closing Africa's energy gaps
#AEI2018: Closing Africa's energy gaps

While access to affordable, reliable and sustainable energy for all will usher in economic growth and job creation on the continent, energy projects in Africa lack sufficient access to financing sources...

By Danette Breitenbach 1 day ago

#Budget2018: Five things you'll pay more for in 2018
#Budget2018: Five things you'll pay more for in 2018

Budget 2018 is an austerity budget. In a nutshell, the country has been spending more than it earns so we have to tighten our belt, and pay a bit more in tax...

1 day ago

Ben Bierman, MD of Business Partners Limited
#Budget2018: Speech reinforces support for small businesses

There was a consistent theme of SME support in both the recent State of the Nation Address and the National Budget Speech...

1 day ago

Photo by Kym Ellis on
#Budget2018: Struggling wine industry disappointed in excise duty increases

With the wine industry supporting approximately 290,000 jobs, the fact that the average wine grape producer does not function at sustainable profit margins and more than a third operate at a loss is great cause for concern...

1 day ago

#Budget2018: Tax bites the rich, but not as badly as predicted
#Budget2018: Tax bites the rich, but not as badly as predicted

All the predictions ahead of the Budget Speech were far worse than what actually transpired, including the impact on wealthier South Africans, which wasn't as severe as it could have been...

1 day ago

#Budget2018: Medical aid credits stay, but NHI funding model still unclear
#Budget2018: Medical aid credits stay, but NHI funding model still unclear

The approximately eight-million people in South Africa who rely on medical tax credits to subsidise the cost of existing medical aid schemes can breathe a sigh of relief...

By Lebo Motsumi 1 day ago

#Budget2018: Drought-ravaged provinces could get up to R6bn in relief
#Budget2018: Drought-ravaged provinces could get up to R6bn in relief

Relief for SA's drought-ridden regions amounting to R6bn was among the proposals announced by finance minister Malusi Gigaba when he delivered the Budget Speech on Wednesday, 21 February...

By Khulekani Magubane 1 day ago

#Budget2018: Rising tax burden on shrinking base worrying for economy, property
#Budget2018: Rising tax burden on shrinking base worrying for economy, property

It was always going to be a tough budget given that finance minister Malusi Gigaba already signalled during his mini-budget late last year that there was a significant fiscal deficit that needed to be funded...

By Samuel Seeff 1 day ago

#Budget2018: Sturdy budget promises firm roots for green shoots
#Budget2018: Sturdy budget promises firm roots for green shoots

According to Berry Everitt, CEO of the Chas Everitt International property group, Wednesday's Budget Speech contained some very hopeful elements for SA's property sector...

1 day ago

#Budget2018: Tough budget positive for property market in medium to long term
#Budget2018: Tough budget positive for property market in medium to long term

Wednesday's Budget Speech, delivered by minister of finance Malusi Gigaba, is likely to prove positive for the property market in the medium to long term, says Gerhard Kotzé, MD of the RealNet...

2 days ago

R57bn for free tertiary education
R57bn for free tertiary education

Government has been forced to hold back on some of its capital projects and reduce spending on goods and services in order to find R57-billion to fund free tertiary education...

By Thabo Mokone 2 days ago

JavadR via pixabay.com
Balancing cybersecurity and internet freedom in Africa

With Bitcoin volatility making daily headlines, even those living in the technological 'Dark Ages' are realising that the future is digital...

By Yarik Turianskyi 2 days ago

Not all African startups need VC money
Not all African startups need VC money

Not all African tech startups will feel the need to raise VC funding, but those that do must ensure they are adequately prepared for what is a lengthy process.

By Tom Jackson 2 days ago

Bonang Mohole, CEO: BLSA
#Budget2018: Start by trimming the fat, BLSA says

South Africas need to build on the momentum in the country right now by delivering a budget that supports the ambitious but achievable plans announced by President Cyril Ramaphosa in his Sona last week.

2 days ago

Resilient's board gives executives benefit of the doubt
Resilient's board gives executives benefit of the doubt

Resilient's board said on Monday, 19 February, it was supporting the company's executive management regardless of allegations in recent reports about how they run assets and regardless of the recent sell-off in its shares...

By Alistair Anderson 2 days ago

#Budget2018: The taxing questions facing Gigaba
#Budget2018: The taxing questions facing Gigaba

Today the spotlight will fall on the minister of finance, Malusi Gigaba when he delivers the 2018 Annual Budget Speech...

2 days ago

Kyle Mandy, tax policy leader for PwC South Africa
#Budget2018: The good news is that the bad news is unlikely to get worse

Despite growth picking up and a prediction that the medium-term budget policy statement (MTBPS) forecast will be revised downwards by nearly R70bn, the country still faces some serious fiscal issues...

By Danette Breitenbach 2 days ago

Sars welcomes Presidential tax inquiry
Sars welcomes Presidential tax inquiry

The South African Revenue Service (Sars) has welcomed President Cyril Ramaphosa's announcement of an inquiry into tax administration and governance at the revenue service...

3 days ago

L2D's first results fall short of expectations
L2D's first results fall short of expectations

The listing of Liberty Two Degrees (L2D) promised investors exposure to some of the best shopping centres in Africa for the first time, but its maiden year was disappointing...

By Alistair Anderson 3 days ago

Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says
Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says

The CEO of the South African Institute of Chartered Accountants (Saica), Terence Nombembe, has called on the Ntsebeza inquiry to leave no stone unturned...

By Genevieve Quintal 3 days ago

Rob Cooper, director of legislation at Sage
#Budget2018: Will the minister do away with the medical aid tax credit?

One of the big questions the finance minister faces this year is whether to do away with the modest tax credit taxpayers receive for their medical aid payments...

3 days ago

Lullu Krugel, chief economist at PwC
#BizFinFocus: PwC's economic take on what #Budget2018 will hold

While there has been an upward revision in growth for the year - 1.5-1.8% for South Africa - with business confidence also increasing, the country is still not where it needs to be by a long shot...

By Danette Breitenbach 3 days ago

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