Budget 2021: key points for investors

We’ve reached the point where South Africa is among the most heavily taxed countries in the world.

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Industry report: Fund manager changes Q4 2020

Please see the Fund Manager Changes industry report that highlights the business and team related changes that occurred during the previous quarter.

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The right intent and strategy, but it’s a battle to stabilise debt

Treasury shows the right intent and strategy but the debt ratio continues to rise.

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“It’s only a good budget if it works!” (Daniel Silke, Political Economy Analyst & Author)

Set against the backdrop of an economy ravaged by the impact of Covid, the ensuing lockdowns and restrictions on economic activity, Mr Mboweni had a mountain to climb in outlining the strategy for government’s expenditure plans for the year ahead.

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An alternative view to the conventional wisdom around perceived “safe” and “risky” assets

At current multiples and yields, we believe the consensus ‘safe’ assets are actually very risky destinations for capital. In addition, extrapolating past economic trends may be a poor guide to what lies ahead, especially regarding inflation, interest rates and currencies.

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At the turn of the cycle, position for multiple outcomes

As the world starts to turn the corner to economic recovery, South Africa needs to make changes to take part in the growth in emerging markets, which is set to outstrip that of developed markets.

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Budget 2021 should reduce the deficit, not consume more resources

It seems like SA has collected more tax than initially thought. But is this reason to spend more of Budget 2021?

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Vaccinenomics and eating soup with a fork

In what was his 5th State of the Nation Address last night, President Ramaphosa set out the priority goals for the year to come. Although many of these have been unfulfilled promises of previous years, the principle challenge of defeating the Coronavirus pandemic is the single most important. Until the world has the virus under control, any recovery in the economy, trade, and industry remains…

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January 2021 economic review

January saw divergent performance for shares, with developed market equities ending the month lower while emerging market equities posted positive returns. The solid gains during the end of 2020 seemed to carry through to the start of 2021, with the first week of January showing major markets all in positive territory year to date (YTD) as the US extended its bull run.

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Exactly how much tax will a tax-free account save?

Many investors still hold savings in standard, taxable accounts –perhaps because they are not aware of how much tax a tax-free account will save them.

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