
Treasury anticipates tax windfall from two-pot retirement system
Many fund members are likely to withdraw the seed capital from their savings component.

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

The substantial tax increases would have to be implemented in an already tough economic environment, says a report by FTI Consulting.

Old Mutual weighs in on how the Budget is likely to affect the country’s credit rating, economic growth, and the capital markets.

National Treasury continues to toe the line between fiscal continuity, consolidation, and declining revenues amid an increasingly stagnant local economy.

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.

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