Is South Africa on track to getting off the grey list?
Moonstone speaks to Ninety One’s Sangeeth Sewnath about the extent to which greylisting is affecting the economy, the markets, and investors.
Industry News
Acrimonious divorce: wife seeks order for husband to be locked up for not paying private school fees
Her refusal to agree to move the children to a public school has resulted in the children not attending school at all.
Budget brings very little cheer for the average consumer
Financial experts from Momentum weigh in on how the Budget may impact consumers and taxpayers.
SCA ruling highlights the legal pitfalls of loans among ‘friends’
The Supreme Court of Appeal’s recent decision underscores the critical importance of understanding ‘transactions at arm’s length’ under the National Credit Act.
CEO ‘guilty of negligence’ after firm suffers R15m fraud
The loss equated to more than 20% of the company’s annual profit, based on the exchange rate at the time of the incident.
How much tax you may have to pay to fund NHI
The substantial tax increases would have to be implemented in an already tough economic environment, says a report by FTI Consulting.
Positive Budget bodes well for domestic bonds and equities
Old Mutual weighs in on how the Budget is likely to affect the country’s credit rating, economic growth, and the capital markets.
Fiscal risks to SA remain despite government’s debt-containment measures
National Treasury continues to toe the line between fiscal continuity, consolidation, and declining revenues amid an increasingly stagnant local economy.
Godongwana’s financial juggling is no substitute for economic growth
Whether the objectives as set out in the Budget are achievable will be determined by the government’s political will to anchor expenditure and put resources to better use.
Forensic investigation at SAIPA is at an ‘advanced stage’
The apparent internal strife has not impacted the organisation’s membership or credibility, says board chairperson Prem Govender.
Despite risk upgrade, South Africa faces commercial risk red zone
South Africa received a positive risk rating upgrade recently, but according to Allianz Trade’s Country Risk Atlas, the country still faces increased commercial risk due to temporary disruptions in demand.
Airtime running out for direct marketers in violation of POPIA
The Information Regulator is set to issue its first enforcement notice because of a direct marketing complaint.
Countdown to Budget Day: Will solar tax breaks be extended amid loadshedding turmoil?
As South Africans await the 2024 Budget Speech, a SAIPA tax specialist weighs in on the potential extension of the tax incentives for renewable energy.
High Court rejects insurer’s ‘narrow interpretation’ of construction guarantee
If Hollard’s ‘contradictory’ interpretation were correct, it could never be held liable to make payment, says judge.
Corporate loses R483 million in ‘deepfake’ conference call scam
The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.
Financial Intelligence Centre must hand over reports on EOH, KPMG, Steinhoff, and Tongaat Hulett
The Equality Court makes an order in an application brought by six natural and juristic persons whose bank accounts were closed by Absa and FNB.
SA insurers losing most renewable energy project premiums to offshore firms
Lenders require that at least of 85% of the insurance programme is placed with A-rated insurance markets, says brokerage.