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Home / Posts tagged “#NationalTreasury” / Page 6

#NationalTreasury

Videos

Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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Treasury anticipates tax windfall from two-pot retirement system

Many fund members are likely to withdraw the seed capital from their savings component.

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Whatever happened to … NHI?

The Minister of Finance says the R1.4 billion allocation demonstrates the government’s commitment to National Health Insurance.

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Whatever happened to … a basic income grant?

Changes are afoot to the qualifying criteria for the Social Relief of Distress grant, for which provisional expenditure has been allocated to 2027.

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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.

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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.

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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.

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Two-pot legislation speed bump – the Amendment Bill must be amended to include public sector funds

The Pension Bill will prohibit members from making a withdrawal from the savings component if the withdrawal results in insufficient funds remaining to settle a court order.

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Budget 2024: No inflation-related adjustments to the tax brackets?

Not providing tax relief will be a relatively easy way for a cash-strapped National Treasury to collect revenue.

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Minister of Finance publishes Pension Funds Amendment Bill

The amendments are necessary for private sector retirement funds to give effect to the two-pot retirement system.

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South Africa faces economic headwinds as Fitch rating reflects concerns

Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.

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Digital drive fuels compliance, latest tax statistics show

Tax experts Louis Botha and Nicholas Carroll from Cliffe Dekker Hofmeyr discuss the significance of 2023 Tax Statistics, emphasising the potential impact of additional tax measures, the growth of the taxpayer base, and insights into Company Income Tax trends.

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Two pots: proposed implementation date is neither 1 March 2024 nor 1 March 2025

The Minister of Finance responds to the Standing Committee on Finance’s call for the implementation date to be moved to 1 March next year.

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FATF releases report on SA’s progress with addressing compliance deficiencies

Following the re-ratings, South Africa is now deemed to be fully or largely compliant in 35 of the 40 Recommendations.

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Average living annuity drawdown rate falls in 2022

Asisa says it is encouraging that the 2.5% to 5% drawdown rate made up the biggest income band by number of policies.

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Insurance for individuals and SMMEs among the priorities for financial inclusion

The barriers to uptake include affordability, inappropriate distribution models, and lack of product knowledge, Treasury says.

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Urgent need to close regulatory gaps in over-the-counter markets, says FSCA

National Treasury will introduce the COFI Bill ‘very soon’ and amend the Financial Markets Act to tighten regulation of the country’s financial markets.

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Treasury clarifies aspects of the renewable energy tax incentive for businesses

Lessors that invest in qualifying assets that are leased to lessees under operating or finance lease arrangements will be able to benefit from the incentive.

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Investment Rates

 

Updated 26 May 2025

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Money Market funds

Updated 26 May 2025

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SARS could save us from tax hikes in 2026
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