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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

The first two parts of this article outlined the additional risks investors face as they approach retirement. Importantly, these risks originate from volatility in the market. As we all know this is highly unpredictable. As a reminder, life cycle risk is the risk of significant market underperformance in the final years leading up to retirement, when investors’ contributions are at their highest levels. Sequence risk, on the other hand, is the risk that the timing of drawdowns from retirement savings can negatively affect the overall longevity of the investment. Before we conclude on how to mi...

The recent outbreak of the latest Coronavirus has people talking. With over 80 000 diagnosed cases worldwide and more than 2 700 deaths reported, it has raised concern on many fronts. Closer to home, but with far less coverage, has been the recent outbreak of the Ebola virus on the African continent which has also claimed many lives.

These outbreaks, and others, will continue to occur and require responsible action by individuals, employers and governments alike.

Individuals need to be well informed about symptoms

They should take precautions to protect themselves and their families – a grea...

“There is much to welcome in this budget, particularly action on youth unemployment, some fair steps in creating a fair tax system in support for beleaguered state-owned enterprises. This budget clearly acknowledges that the government has a central role to play in turning SA into a competitive economy and that it is willing to do so. This was also a budget for business and a budget for trade. Signalling the corporate tax cut in the future made our tax system more competitive. It means business will be better positioned to grow whilst the economy picks up. It also helps with the broader messag...

Finance Minister Tito Mboweni appears to have managed the almost impossible, presenting a budget in which there are not only no increases in taxes, but for the first time in years, also full inflation adjustments for bracket creep, which should inject R14 billion into the economy. Furthermore, despite a massive decline in growth and revenue forecasts, government has lowered the nominal main budget deficit slightly from the October Medium Term Budget Policy Statement. This is to be achieved by cutting expenditure to the tune of R260 billion over the medium-term expenditure framework, of which R...

Personal Income Tax

Given the worsening economic realities still facing the Minister of Finance this year, it came as a pleasant surprise that he provided 5.2% adjustments to the individual tax brackets and rebates, resulting in real personal income tax relief for the already stretched individual taxpayers. 

The net result is that, with effect from 1 March 2020, the maximum rate of 45% applies to taxable income in excess of R1,577,301 (up from R1,500,000) while the lowest rate of 18% applies to taxable income up to R205,900 (up from R198,850) with similar adjustments to the brackets in between....

With the budget speech looming today, deepening state of financial disarray at the state power utility Eskom is a thorn in the flesh of the national economy that minister of finance, Tito Mboweni will have to address. The much-publicised and forever increasing problems at the embattled parastatal are expected to take center stage at the upcoming national budget speech, due to their stunting effects on the economy – among other things like the discomfort they impose of South Africans.

Money talk 

It seems as if it is indeed true that desperate times call for desperate measures as the Congress of...

February 25, 2020

Two out of ten (19,9%) of the total South African population were Generation X adults, while more than one-third of the population (35,3%), were Millennials, and the majority (45,5%) were the Born-free generation, this is according to the 2018 Education and Labour Market Outcomes in South Africa report released by Statistics South Africa today. The Born-free Millennials aged 19–24 years make 10,2% of the total population. Millennials  made the largest share of the working-age population (54,1%) followed by Generation X adults (30,5%) and Born-free Millennials aged 19–24 years who made up 15,7%...

Industry representatives in the private security sector have welcomed the launch of the National Bargaining Council for the Private Security Sector (“NBCPSS”).

Christiaan Oelofse has been appointed as Acting General Secretary of the NBCPSS.

The long awaited NBCPSS was registered by the Department of Labour on 21 June 2018 and resulted in the adoption of its Constitution. The registration of the NBCPSS formally allowed all relevant stakeholders, Labour and Employer Organisations to commence with the mammoth task of regulating the terms and conditions of employees and the obligations of employers...

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