Showing posts with tag "finance"

Big price hikes hitting South Africa this week

South African consumers are set to face a series of price hikes in July, including electricity and fuel price increases.

This is the average salary in South Africa right now – and what people actually take home after tax

Statistics South Africa has published the latest Quarterly Employment Survey (QES) for Q1 2022 showing what workers are getting paid across the various sectors in the country.

Here is the new retirement system planned for South Africa

National Treasury acting director-general Ismail Momoniat has provided a breakdown of the government’s plans for a new the two-pot retirement system, governance of umbrella funds and changes to exi...

Minimum wage problem for South Africa

A significant number of South African companies are still not paying minimum wage to their workers, despite mandatory changes and increases over the past year.

Magda Wierzycka on investing in South Africa right now

South African investors should look at maximising their offshore exposure at all times, in a diversified portfolio of equities, says Magda Wierzycka.

Here are the tax thresholds for 2022 – and who doesn’t have to pay: SARS

The South African Revenue Service (SARS) has published its annual guide for the income tax season, detailing who is expected to pay income tax in South Africa and the different types of income whic...

SARS is changing auto-assessments for taxpayers – what you should know

SARS has introduced some changes to the auto assessment process this year to make it easier for taxpayers to file their income tax returns, says Joon Chong, partner at Webber Wentzel.

Bad news for prices in South Africa – including a R2 petrol hike in July

The ongoing war in Ukraine, intensifying international sanctions and adverse local weather all point to South Africa seeing higher prices and inflation levels for longer than originally forecast.

Here’s how much grocery shopping, petrol and electricity now costs in South Africa – compared to a year ago

Consumer prices in South Africa are skyrocketing due to a perfect storm of Covid restrictions, the Ukraine war, logistics issues and a Chinese economic slowdown.

Inflation hits 5-year high in South Africa – here’s what is more expensive

Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation was 6.5% in May 2022, up from 5,9% in April 2022.

Minimum wage changes proposed for South Africa

South Africa’s labour unions are in discussions with the government to equalise minimum wages across all sectors.

South Africa in for more pain in the coming months: Investec

The US Federal Reserve’s decision to hike interest rates by 75bp on Thursday reinforces the likelihood of higher rate hikes in South Africa, says Investec chief economist Annabel Bishop.