Our focus in this edition is on the recent Budget Speech, held on 26 February 2014 by our Finance Minister, Mr. Pravin Gordhan.
Despite the 5th national election to be held on the 7th May 2014, our Finance Minister avoided populist measures and it was a "no drama" budget. Next year's budget deficit is predicted to be lower and the government wants to reduce unemployment and increase competitiveness. The middle class is getting a small inflationary reduction in taxes.
We have also included information across the board regarding investments, insurance and other related topics.
As usual, this newsletter can be viewed under https://www.swissfin.co.za/newsletters/swissfin-newsletter-march-2014/.
Enjoy the reading, with best regards,
Your SwissFin – Team