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New Financial Developments in the Pipeline after the Budget Speech

1. Outward Remittances The Government is well aware of how expensive it is to remit funds abroad from South Africa. In response, Treasury will conduct some reforms, to apply, which, together with more competition and exemptions in the Financial Intelligence Centre Act (2001), should hopefully reduce the compliance burden for low-risk remittances and bring lower …

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Medium Term Budget Statement – Tax Essentials Synopsis

o The first automatic exchange of information between tax jurisdictions took place in September 2015. The system is aimed at assisting revenue authorities across the globe with combatting base erosion and profit shifting. o South African taxpayers who has been using offshore bank accounts to evade South African tax will be well advised to seek …

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Institute of People Management Convention and Exhibition

The Institute of People Management (IPM) Convention held their 59th annual Convention, a 3-day convention which delivers the latest thinking and solutions in the management and development of people. Hosted at Sun City, North West Province, all Human Resources Professionals, business leaders, suppliers and key influencers come together from private and public sectors to explore …

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Medium Term Budget Statement

Whilst political opportunism, some would argue, delayed the Minister of Finance, Nhlanhla Musa Nene, from delivering his medium term budget statement in parliament in October 2015, the Minister eventually had an opportunity to address parliament. Amidst the building chaos outside of the parliament building and the weakening rand, the Minister announced a few important and …

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Cabinet Decision To Revise The Immigration Amendment Acts and Regulations

The Department of Home Affairs looks at the unintended consequences and mitigating factors relating to the implementation of the Immigration Amendment Act in May 2014. Changes include considering a long-term Multiple Entry Visa for a period exceeding 3 months and up to 3 years for frequent travellers (for business meetings), new VFS centres in Zimbabwe, …

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Africorp Solutions Presents at IPM – 2015 – Designing Reward and Benefit Systems for the Future

The IPM Convention, is a 3-day convention which delivers the latest thinking and solutions in the management and development of people. Hosted at Sun City, North West Province, all Human Resources Professionals, business leaders, suppliers and key influencers come together from private and public sectors to explore topical issues and to seek solutions to business …

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Richard Branson: Companies Should Put Employees First

The Virgin founder shares how making employees the top priority can bring benefits for both customers and investors. By Oscar Raymundo IMAGE: Getty Images Richard Branson was able to build Virgin into a global powerhouse by focusing on two key words: customer service. From Virgin Atlantic to Virgin Mobile, Branson says, each new Virgin venture …

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