Budget Announcements

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Cecil Kilpin | February 2020 Newsletter

By |2020-12-03T07:00:45+02:00Feb 27th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

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 Minister Mboweni made no dramatic tax proposals to balance the books. In fact a number of proposals will actually reduce personal income tax, and, in the longer term, corporate taxes could be reduced. The budget highlights are as follows: Personal Income Tax: Relief through an above inflation increase in the brackets and rebates Medical Tax Credits: Increase in medical credits Foreign Remuneration Exemption: Exemption will be limited to R1.25m from [...]

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Cecil Kilpin | January 2020 Newsletter

By |2020-12-03T07:02:21+02:00Jan 22nd, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

South Africa in the 2020s – an extract from a recent article by ClemSunter   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 major parties would produce a political settlement that allowed the country to return to the world stage. However, he made it clear that in the long run a thriving economy in which everyone participated was a precondition for the country to become a winning nation.   Now let’s focus on South Africa in the 2020s.The first and second flags influencing the future are interrelated: the battle against corruption and the improvement in [...]

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