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…