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Desiree Goodwin
Withholding Tax on Interest (WTI)

What is WTI?
It is a tax charged on interest paid from 1 March 2015 by any person to or for the benefit of a foreign person, which would include individuals, companies, trusts, etc., from a source within South Africa. The foreign person is responsible for the tax, but it must be withheld by the person making the interest payment to or for the benefit of the foreign person. Interest paid is taxed at a final withholding tax rate of 15%.

By Desiree Goodwin, Issued by Meredith Harington 26 Jun 2015 11:12

How easy is it to change/switch insurers? - Hippo.co.za
How easy is it to change/switch insurers?

"To improve is to change; to be perfect is to change often." This quote by Winston Churchill is one of many that encourage change. But is change really that easy? Why are people often reluctant to change especially when it comes to service providers?

Issued by Hippo.co.za 12 Jun 2015 13:08

Short-term Insurance Annual Report 2014 released
Short-term Insurance Annual Report 2014 released

The Ombudsman for Short-Term Insurance (OSTI), an independent body to which clients can complain if they believe they have been treated unfairly by a short-term insurer, has released his report for the 2014 calendar year detailing the work his office has completed for this period. The report details the referral rate - which is the number of complaints received by the OSTI per 1,000 claims handled by an insurer, as well as the percentage of complaints where the OSTI finalised the complaint with some benefit to the complainant (the overturn rate).

Issued by OUTsurance 5 Jun 2015 09:10

How secure is your security? - CoreXalance
How secure is your security?

Is this a rhetorical question? Perhaps. Creditors may assume that taking one or other form of security from a debtor will ensure that they will incur no bad debt or that it could enforce better payment terms. It creates a soft and fluffy pillow to land on when the economical whirl wind hits, but how secure is your security?

By Antonia Scholtz, Issued by CoreXalance 29 May 2015 11:44

Glen Bresler
The new tax-free investments regime: Benefits to you and your children

In an effort to encourage savings by ordinary South African households, the Minister of Finance introduced the new concept of a "tax-free investment" which came into effect on 1 March 2015. In effect, investments administered by a regulated financial institution and authorised as a "tax-free investment" by the Minister will benefit from these new laws. The tax benefits are:

By Glen Bresler, Issued by Meredith Harington 26 May 2015 12:28

Bayport launches new online loans application platform
Bayport launches new online loans application platform

Bayport South Africa continues to innovate

Issued by Bayport Financial Services 21 May 2015 13:38

We are because of PR - Bizcommunity.com
We are because of PR

A paraphrase of the definition of Ubuntu - we are because you are - goes some way to explain that apart from our pride in being Africa's premier B2B news distribution channel, Bizcommunity is also proud to be home to a great many of the continent's foremost PR, marketing and digital communications professionals.

Issued by Bizcommunity.com 21 May 2015 12:06