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You and Budget 2018: It Could Have Been Worse!

What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as predicted and expenditure was inexorably increasing. The forecasted spending ceiling was breached and the …

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Employers: Your EE Report Deadline and the R1,5m Fine Risk

Failure by “designated” employers to lodge their employment equity reports on time risks severe penalties, with first offenders risking a fine of the greater of R1,5m or 2% of turnover (increasing to the greater of R2,7m or 10% of turnover for serial offenders). Lack of enforcement in the past (apart from a few high-profile exceptions) …

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