Monthly Archives: October 2022

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Topic: 2022 Medium Term Budget Policy Statement

By |2022-10-28T09:17:15+02:00October 28th, 2022|Business, Finance + Economics, Goverment, Newsletter, Tax|

The supportive global conditions that spurred the economic recovery in 2021 are dissipating, and domestic shocks – Particularly power cuts – have lowered economic growth and confidence. A broad slowdown in global growth and high inflation are forecast. Rapid and decisive implementation of structural reforms, especially in the energy sector, supported by a clear and stable macroeconomic framework and improved state capability, remain crucial to improve the economy’s productive capacity and international competitiveness. Key Issues: Since the 2022 Budget Review, global and domestic risks to the economic outlook have materialised, including slower global growth, higher levels of inflation, accelerating interest rate increases and intensified power supply interruptions Real GDP is projected to grow by 1.9 percent in 2022, compared with 2.1 percent [...]

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Cecil Kilpin | October 2022 Newsletter

By |2022-10-20T16:52:56+02:00October 20th, 2022|Business, Finance + Economics, Goverment, Newsletter, Tax|

DIRECTOR’S ROLE AMIDST RECENT TRENDS IN THE BUSINESS WORLD. Some of the recent trends in the business world, which directors should take cognisance of, are: Environmental, social and governance (ESG): This is an approach to evaluating and operating businesses that goes beyond the sole focus of shareholder return. ESG has three main focus points, being: An environmental aspect: the focus is on preserving the natural world, such as climate change, greenhouse gas emissions, biodiversity loss, deforestation, pollution, energy efficiency and water management. A social aspect: the focus is on people and relationships including working to support gender and diversity, equity, and inclusion, enhancing customer satisfaction and employee engagement. A governance aspect: the focus is on moving beyond how [...]

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