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Budget 2020: Some Tax Relief!

Budget 2020: Some Tax Relief!

Taxpayers were preparing for once again being squeezed in 2020, but we have been pleasantly surprised as we have been given a myriad of tax concessions in this budget. In fact, the average taxpayer will be over 5% better off than in 2019/2020.  The Finance...
Budget 2020: Will it Please Moody’s?

Budget 2020: Will it Please Moody’s?

“Baby, baby, baby you’re out of time” (The Rolling Stones) Over the past several years South Africa’s debt position has worsened considerably to the point where of the major ratings agencies only Moody’s has not downgraded us to junk status. They have made it clear...
Junk Status Is Not The End – It Can Get A Lot Worse!

Junk Status Is Not The End – It Can Get A Lot Worse!

It is now widely expected that sometime in the next year or so Moody’s will downgrade South Africa’s debt to junk status. Many see this as the beginning of the process to rehabilitate ourselves. True, initially we will go through a difficult period as ±R150 billion of...