Do South Africans get value for their tax money? JOHANNESBURG – South Africans pay a lot of tax and get very little for it. Or do they? Judge Dennis Davis, the chair of the Davis Tax Committee that was tasked with a comprehensive review of South… Read more
Electricity levy increase criticised by industry. Tax payers have received some relief from Finance Minister Nhlanhla Nene who delivered his budget speech on Wednesday, but the net effect will be more pressure on their pockets, says Absa economist… Read more
The latest BankservAfrica Economic Transaction Index (BETI) has revealed that January had 80. 7 million transactions via the BankservAfrica payments system, up 1.1% on 2014. The standardised monetary value fell below R600 billion for the first time since… Read more
Financial Wellness
Cape Town - Eskom load shedding could make consumers who actually do pay for electricity feel they are getting the raw end of the deal and lead to a full-scale tax revolt similar to that already seen in the non-payment of e-tolls, economist Mike… Read more
More than 85% of those who receive private pensions do. CAPE TOWN – The average private pension received in South Africa in December 2014 was just R5 722. More than 85% of private pensions are below R10 000. That is according to figures released this… Read more
Africa’s largest automated payments clearing house, BankservAfrica, today launched its BankservAfrica Private Pension Index (BPPI), the first private pension data series in South Africa and one of the few available in the world today. The index… Read more
Cape Town - The petrol price is falling so quickly that a further reduction of R1 may be on the cards, according to economist Mike Schüssler of economists. co. za."About two weeks ago I thought it would drop another 25 cents, then about a week ago it… Read more
One event is all it needs, Matona tells stakeholders. Eskom CEO Tshediso Matona on Monday told stakeholders that one unexpected event at any of its power stations could push the country to the total failure of the national electricity system that may… Read more
The rand was being affected by the Russian rouble's depreciation because they exported similar commodities, and could be seen in the same emerging market basket, an economist said on Thursday. The rand has fallen to levels against the US dollar last seen… Read more
