March 2016

Dear Readers,We welcome you to our first Newsletter for 2016.Our focus in this edition is the Budget Speech by our recently re-appointed Finance Minister, Mr. Pravin Gordhan, held on 24 February 2016. The budget was one of the most important post-apartheid ones in view of a possible ratings downgrade by the international rating agencies. Mr Gordhan managed to gain time and Standard & Poors’ announced after the budget that they would not immediately change South Africa’s rating. Please find a summary of the key points of the Minister's speech further below. We have also included information across the board regarding investments, insurance, immigration and other related topics.As usual, this newsletter can be viewed under https://www.swissfin.co.za/newsletter/swissfin-newsletter-march-2016/.Enjoy the reading, with best regards,Your SwissFin – Team