Here’s how the NHI will affect you – including new rules about seeing a specialist

The fund will be a massive state-run medical scheme, and all South Africans will be members. Most healthcare – including doctors’ visits, medicines, operations and hospital stays – will be free, for everyone. Instead of paying your monthly membership, you will pay a similar amount of extra tax on your income But there remain huge reservations about whether government can afford, and manage, its NHI plans. The National Health Insurance…

Prescribed assets: a high price

Damning new data shows how bad savers had it under apartheid’s prescribed assets. Just how much could local pension fund members lose out if the government went ahead with a prescribed assets push? A lot, as it turns out. Isaah Mhlanga, executive chief economist at Alexander Forbes Investment, says there was a huge opportunity cost in the prescribed assets regime between 1956 and 1989. Back then, the apartheid government forced…

The new tax return threshold set by SARS

You may have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers to submit a tax return from R350 000 to R500 000. However, as with all previous years, this only applies to certain taxpayers and so it is very important to check if you are one of these. The threshold applies to you only if you meet ALL of the criteria below:…