Sustainable Development

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Cecil Kilpin | July 2022 Newsletter

By |2022-07-11T13:06:07+02:00July 11th, 2022|Business, Environmental, Finance + Economics, Goverment, Newsletter, Tax|

Doing Business In South Africa .. An Overview! The South African gross domestic product (GDP) expanded by 1,9% in the first quarter of 2022, representing a second consecutive quarter of upward growth. The size of the economy is now at pre-pandemic levels, with real GDP slightly higher than what it was before the COVID-19 pandemic. The National State of Disaster was lifted as from 5 April 2022, and the rules on wearing masks indoors and the limitation on public events and gatherings were all repealed on the 23 June 2022. However, South Africans are feeling the bite of fuel price increases as a result of Russia's war in Ukraine and the rise in the Brent crude oil price. [...]

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Cecil Kilpin | June 2019 Newsletter

By |2022-01-20T14:10:21+02:00June 19th, 2019|Business, Finance + Economics, Goverment, Newsletter, Tax|

Sustainable Development Goal 13 (SDG 13) Take urgent action to combat climate change and its impacts Carbon Tax was introduced on the 1st June 2019. The primary rationale in introducing the tax was to introduce a “Polluter Pays” system in order to deter activities that impact climate change in line with SDG 13. Climate change activism is on the increase with a number of boards of Directors being taken to task over these issues. The year 2017 was one of the three warmest on record and was 1.1 degrees Celsius above the pre-industrial period. An analysis by the World Meteorological Organization shows that the five-year average global temperature from 2013 to 2017 was also the highest on record. The world continues to experience rising sea [...]

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Cecil Kilpin | December 2018 Newsletter

By |2022-01-20T14:25:24+02:00December 7th, 2018|Finance + Economics, Goverment, Newsletter, Tax|

Economy Grows By 2.2% Good news to end 2018 as the South African economy grew by 2,2% quarter-on- in the third quarter of 2018, bringing to an end the country’s second recession since 1994. Higher contributions to growth in a number of industries – most notably in manufacturing, transport as well as finance and business services – were enough to lift economic growth back into positive territory. The rise in economic activity in the third quarter follows two consecutive quarters of negative growth, which is a widely recognised indicator of recession. The economy slumped by 2,6% in the first quarter of 2018 and a further 0,4% in the second quarter.   Key facts from the third quarter 2018 GDP release: Expenditure on GDP increased by [...]

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