A bottomless pit? Increasing the BEE burden yet again… – Anthea Jeffery
Preferential procurement is one of the most costly elements in BEE. It has often resulted in the doubling (or more) of the state’s procurement costs.
Preferential procurement is one of the most costly elements in BEE. It has often resulted in the doubling (or more) of the state’s procurement costs.
Next up for South Africa’s increasingly desperate fiscus is around R40bn “lost” through items that are VAT zero rated.
Just when wealthy South Africans thought they’d absorbed all the blows, hidden in the fine print of SA’s Budget 2017 was a bombshell that is about to hit creators of offshore trusts really hard.
Independent Financial Advisor Magnus Heystek covered many Budget Speeches during his years in financial journalism. That puts him in a good position to provide cogent commentary on Pravin Gordhan’s address last week.
For Pravin Gordhan the Budget is first and foremost an instrument of political policy – a view he reiterated at various times during and before Wednesday’s Budget address in Parliament.
Daniel Silke says a credible Pravin Gordhan ultimately did what he could do at the 2017 Budget, and was stymied by political and policy paralysis. If he’d gone any other route, he may have fast-tracked his own exit.
A bombshell hidden in the detail of the 2017 Budget review relates to the taxation of offshore trusts.
Pravin Gordhan announced tax increase, some tax relief and fresh taxes on the horizon at this years budget. The income tax table for individuals and trusts is attached.
Herewith is a selection of some quotes from the embargoed Budget 2017 Press Conference held at 11am in Cape Town this morning.
Alec Hogg spent the morning in lockup with Finance Minister Pravin Gordhan. Here’s his list of winners and losers from the 2017 budget.