Cecil Kilpin | Further Tax Measures To Combat The Covid-19 Pandemic
In line with the President’s address to the nation on 21 April 2020, the Minister of Finance has provided more detail on the second set of measures that aim to assist individuals and businesses through the pandemic. The interventions include: Skills Development Levy Holiday: From 1 May 2020, there will be a four-month holiday [...]
Cecil Kilpin | April 2020 Newsletter
*IMPORTANT: This article is based on an extract from a draft government document. Risk-Adjusted Strategy For Economic Activity Though the national lockdown has shown early evidence on how it has successfully helped to flatten the curve and limit the spread of Covid-19, there are numerous risks if the lockdown is lifted too quickly or [...]
Cecil Kilpin | Government’s COVID-19 Proposal
Deferral Of The Payment Of Employees’ Tax Liability For Tax Compliant Small To Medium Sized Businesses In order to assist with alleviating any cash flow burden arising as a result of the COVID-19 outbreak,Government proposes the following tax measures for tax compliant small to medium sized businesses, for a limited period of four months, [...]
Cecil Kilpin | March 2020 Newsletter
Covid-19 and The Economy Globally, a once-healthy economic growth outlook has been revised down sharply due to the outbreak and spread of Covid-19. This coronavirus will negatively affect global and domestic economic growth through the first half of 2020, and potentially longer depending on steps taken to limit its spread. The Covid-19 [...]
Cecil Kilpin | February 2020 Newsletter
Tax Guide 2020/ 2021: We have recently released our Tax Guide for 2020/ 21 - Download it here. Download 2020 Budget Review “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins even when it seems the odds are against it. “ Tito Mboweni In a surprise move [...]
Cecil Kilpin | January 2020 Newsletter
South Africa in the 2020s – an extract from a recent article by Clem Sunter Just over 32 years ago in 1987, Clem Sunter published a book entitled The World and South Africa in the 1990s. For South Africa, he played the ‘High Road’ scenario where proper negotiations between the real leaders of the [...]
Cecil Kilpin | December 2019 Newsletter
Annual Inflation Continues to Fall A recent report from STATSA states that annual inflation eased further in November, falling to 3,6% from October’s 3,7%. This is the third successive month of disinflation, which means that the pace of price increases is slowing down. November’s reading is the lowest since December 2010 when the rate was [...]
Cecil Kilpin | November 2019 Newsletter
Medium Term Budget Policy Statement 2019 The 2019 MTBPS has been resented by Minister Tito Mboweni. His opening statement was a reference to the Aloe Ferox plant he brought to Parliament when presenting the February 2019 budget. “This little aloe is emerging from a long winter. During that winter, the ground became hard. The leaves [...]
Cecil Kilpin | October 2019 Newsletter
Developing a Strategy to Grow in the Short Term South Africa has limited growth potential in the short term. While government gets its house in order, we need to make sure that, as business owners, we have the correct strategy in place to meet the challenges that face us. Real value lies in the process [...]
Cecil Kilpin | September 2019 Newsletter
Economic Policy Paper for Public Comment The Minister of Finance, Mr Tito Mboweni, is calling on members of the public to make comments on a paper titled: “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”. The paper, prepared by the National Treasury, is an attempt to translate the broad outcomes of inclusive growth, economic [...]