Allegations made by The Alternative Information and Development Centre (AIDC) – September 2013 – Lonmin’s historic tax affairs, are false and misleading
South Africa’s Treasury is walking a fiscal tightrope, says Futuregrowth’s Wikus Furstenburg, which means there is a good chance of significant tax increases in October’s Mini Budget – if not then, definitely next February. And with the Davis Commission having opened the door for a step change in the State’s tax take, politically vulnerable groupings, … Read more
Shareholders of AECI have been advised that for the half-year ended 30 June 2014 AECI’s earnings per share (EPS) are expected to be between 45% and 55% higher than the 356 cents of the prior corresponding period. Headline earnings per share (HEPS) are expected to be between 5% and 15% higher than the 356 cents of the prior corresponding … Read more
A very large portion of the South African economic sector is informal, if small businesses don’t fall into the ‘informal’ category then it is likely that they will fit into the category of small to medium sized enterprises (SME). From a current economic standpoint, the country desperately needs SME’s to spring up in true entrepreneurial … Read more
By Matthew Lester The Davis Tax Committee has released an interim report addressing the taxation of the small business sector. The report is available on www.treasury.gov.za The committee was established by the previous minister of finance, Pravin Gordhan, in July 2013 under chairman judge Dennis Davis. The brief of the DTC is to enquire and make … Read more
When you decide to go it alone in business, paperwork – particularly tax filings – can be a minefield. Instead of hiring an expensive tax consultant to sort out your documents, consider following this practical advice from Johannesburg entrepreneur Irvine Green. In his latest blog, he offers a handy summary of the expenses you can … Read more
Wondering whether to save through an investment product called a Retirement Annuity (RA), which offers a tax deduction? Popular Biznewz blogger Enrico Liebenberg has crunched some numbers with a view to figuring out whether an RA is a good place to park your money. He looks at the types of returns you can expect from … Read more
Bev Mortimer, an old friend  from our Rand Daily Mail days and now editor of the St Francis Chronicle put me onto the subject. She wrote: “Loads of people have been asking me why there are continuous petrol hikes. It has gone up almost every month this year and even though we sometimes see a drop … Read more
Warren E Buffett sure knows how to toss a cat among the pigeons. True to form, in August the chairman of Berkshire Hathaway wrote an op-ed headlined “Stop coddling the super rich” for America’s leading newspaper, The New York Times. It was a full frontal attack on a tax system that favours the wealthy.Buffett’s well-argued and entirely logical proposals have become the rallying call for “wealth tax” agitators around the world.Including here in Sunny South Africa.