Tax penalties

Here are 10 must-knows to file your TAX return in double-quick time

By Ray Leathern 02-08-23 18:09

The 2023 tax season started on 7 July 2023, and the deadline to file your tax return is October 23 2023 for individual taxpayers. If you’re unsure how to submit your tax return, or you’re worried you might owe the South African Revenue Service (SARS) money, think again. ALSO READ: Low on cash? THESE are the 10 cheapest […]

Dollars

South African rand tumbled as risk-off sentiment spikes

By Mercury 02-08-23 16:23

Reuters: The South African rand tumbled over 1% on Tuesday, extending Monday’s losses as global risk-off sentiment increased. At 0905 GMT, the rand traded at 18.0325 against the dollar, about 0.85% weaker than its previous close. SOUTH AFRICAN RAND TUMBLED It had weakened to as much as 18.0884 earlier in the day. The dollar last […]

Edward Kieswetter SARS

Don’t know how to submit your tax return? These 7 tips will help

By Ray Leathern 01-08-23 12:40

The 2023 tax season started on 7 July 2023, and the deadline to submit your tax return is October 23 2023 for individual taxpayers. If you’re unsure how to submit your tax return, or you’ve been reluctant to submit it because you’re worried you might owe the South African Revenue Service (SARS) money, think again. ALSO […]

budget speech day 2024

Sterling traded higher but stays close to two-week lows

By Mercury 26-07-23 15:36

Reuters: Sterling traded higher against the U.S. dollar on Tuesday, staging a small rebound after a seven-day losing streak, but stayed close to a two-week low as traders keep their attention on Britain’s floundering economy. BRITISH POUND STERLING TRADED HIGHER At 1023 GMT, the pound was 0.16% up against the dollar at $1.28460 , while […]

South African Rand

Tax 101: Reduce your contribution with tax-free savings accounts

By SAPeople 26-07-23 12:31

The 2023 filing season has been in full swing since July 7 and runs till 23 October 2023 for individual taxpayers. Tax-free savings accounts are the easiest and most effective way to reduce your tax contribution when filing season rolls around. Here’s everything you need to know to get cash bank every year … TAX-FREE SAVINGS ACCOUNTS Reduce your annual tax contribution with tax-free […]

SASSA March old-age grants

Reminder: When you can collect your SASSA grant in August

By Aphiwe Ngwenya 21-07-23 13:55

The South African Social Security Agency(SASSA) released all the payment dates for the 2023/24 financial year. Beneficiaries are reminded that grants do not need to be withdrawn on the day they are paid out nor will the beneficiaries forfeit their money if it is not taken out. SASSA. SASSA GRANT PAYOUT DATES Beneficiaries can withdraw […]

South African Rand

South African rand dropped after central bank holds interest rates

By Mercury 21-07-23 11:16

Reuters: The South African rand dropped on Thursday afternoon after the central bank held its key interest rate at 8.25% following 10 consecutive rate hikes since 2021, as expected by a majority of economists polled by Reuters. SOUTH AFRICAN RAND DROPS At 1323 GMT, the rand traded at 17.915 against the U.S. dollar, around 0.25% […]

South African Rand

BREAKING: SA Reserve Bank keeps interest rates on hold

By Garrin Lambley 20-07-23 16:23

South African Reserve Bank’s (SARB’s) Monetary Policy Committee voted to keep the interest rates at their current levels on Thursday. MUST READ | What are the EIGHT SASSA payment grants South Africans can apply for? This means the repurchase rate stays at 8.25% and the prime lending rate at 11.75% – and offers some temporary relief for South Africans, especially […]

Dollars

Dollar wobbled near one-year low: Euro climbs to 17-month peak

By Mercury 18-07-23 13:51

Reuters: The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week’s cooler-than-expected U.S. inflation report. READ MORE: Lebanon central bank governor’s properties seized U.S. DOLLAR WOBBLED NEAR A NEW LOW The U.S. […]

Elon Musk custody battle

The 10 richest people in the world today – 14 July

By Shyleen Choruma 14-07-23 08:55

Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Johann Rupert loses R70 billion

The richest South Africans in the world today – 6 July

By Shyleen Choruma 06-07-23 15:36

Money makes money and these three South Africans have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York. In terms of the overall world list, South […]

Dollar steady

Pound fell against the US Dollar after surge in first half of the year

By Mercury 04-07-23 14:18

Reuters: The pound fell against the dollar on Monday as the U.S. currency rebounded from a tumble late the previous week, while traders continued to grapple with what expectations of several more Bank of England rate hikes mean for the British currency. BRITISH POUND FELL AGAINST THE DOLLAR Sterling was last down 0.18% at $1.2669, […]

Dollar steady

SA rand weakened 1% against US dollar after PPI

By Mercury 30-06-23 09:54

Reuters: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of the central bank’s quarterly bulletin and producer price index data. SOUTH AFRICAN RAND WEAKENED At 1447 GMT, the rand traded at 18.8350 against the dollar, 0.92% weaker than its previous close. The dollar last traded at 103.17, […]

Tariff hike: Some relief for property owners and pensioners

By Siso Naile 29-06-23 22:29

The tariff hike will introduce another new level of hardship to some property owners but there is something to smile about if you fall under a particular bracket. TARIFF ADJUSTMENT ANNOUNCED IN JOBURG METRO Yesterday, Wednesday, 28 June, City of Joburg MMC for Finance, Councillor Dada Morero, announced that the City will implement new tariffs for key services. […]

dollar index rose

US dollar index rose as yen and yuan hover near 8-month lows

By Mercury 29-06-23 13:18

Reuters: The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. U.S. DOLLAR INDEX ROSE Powell, speaking at a European Central Bank conference […]

South African Rand

Rand weakens as market sentiment turns

By Sable International 28-06-23 17:14

The South African rand weakened against 18 of the top 19 currencies we monitor. A degree of ZAR profit-taking activity, coupled with a fresh wave of risk-off sentiment brought a stop to the recent Rand rally. Last week, the global market focus was fixed on the testimony by the US Fed Chair, Jerome Powell. He […]

africa most powerful currencies

South African rand gained as Putin might skip BRICS summit

By Mercury 28-06-23 14:32

Reuters: The South African rand gained on Tuesday as analysts speculated the weekend’s aborted mutiny in Russia may mean President Vladimir Putin could skip BRICS summit where South Africa would in theory be obliged to arrest him. SOUTH AFRICAN RAND GAINED The BRICS group of emerging economies, comprising Brazil, Russia, India, China and South Africa, […]

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