October 2019 PMI still stubbornly below 50 neutral mark

Highlights ______________________________________________________________________________________ • The Purchasing Managers’ Index (PMI) for October 2019 improved to 48.1 index points from 45.1 index points reported in September 2019, although still below the neutral mark. • Four out of five main sub-components improved in October 2019, although all sub-indices are still below the 50 neutral mark. • Employment expectations remain low due to the weak growth outlook. Meanwhile producer inflation has been subdued and has…

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:…

Where will you take us, Mr President?

When the global financial crisis hit in 2008,South Africa was sitting on reasonably strong macroeconomic fundamentals, including a healthier fiscal position and solid levels of business and consumer sentiment. The economy had grown by an average of 4.2% between 1999 and 2008, while the headline rate of unemployment had fallen to 22% under the presidency of Thabo Mbeki. Although the country managed to ride out the global storm given its…