Insights from Ninety One on the sector’s investment flows, fee trends, and revenue growth.
In line with previous financial years, FSPs will be the main contributors to the Authority’s revenue from levies.
The Office can no longer look to the FSCA to make up for any shortfalls in income.
Bridging finance from National Treasury may not be required now that it has certainty of receiving levy and special levy income.
Clarity on when a gain is considered revenue or capital.
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
Jeff Schultz, senior economist at BNP Paribas South Africa, provides the following perspective on the Budget. He discusses: What the ANC hopes the Budget will achieve politically. The outlook for government revenue and […]
National Treasury will publish a discussion document dealing with the tax treatment of collective investment schemes’ trading profits before proposing amendments to the Income Tax Act, the 2022 Budget Review says. CIS distributions […]
The most notable feature of Budget 2022 is National Treasury’s intent to stabilise the government’s debt ratio, as it “saves” a significant portion of its current tax windfall, estimated at R181.9 billion in […]