Author Archives: StrachanCrouse

Managing your finances after a pay cut

Strategies to somehow stay afloat facing a dire financial future: Interview with John Manyike from Old Mutual. NOMPU SIZIBA: The Covid-19 pandemic and associated lockdowns have seen economies the world over suffer great economic hardship, with businesses losing revenue and some staff losing their … Continue reading

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The rules around returns and refunds during South Africa’s lockdown

The Consumer Goods and Services Ombudsman (CGSO) says it has received several complaints relating to returns and refunds during the level 4 lockdown. The ombudsman said that the majority of complaints have centred around clothing, and that some clothing suppliers are not … Continue reading

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The implications of Covid-19 on audits and auditors

The Independent Regulatory Board for Auditors (IRBA) has issued a newsletter relating to the Implications of the Covid-19 outbreak on audits and audit risks. “This outbreak presents an opportunity for the audit profession to reflect on the recognition of its … Continue reading

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All taxpayers beware – 10 points from SARS

On 5 May 2020, the commissioner for the South African Revenue Service (SARS) provided a detailed account of projected revenue collection in light of the Covid-19 crisis, along with insight of what we can expect from the tax collector in coming … Continue reading

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What good leaders do in a time of crisis

As part of Saica’s  Leadership in a time of crisis webinar series, CA(SA) and CFO of Discovery Health, Brett Tromp, shared his thoughts on what good leaders can do in a time of crisis.   Brett Tromp  In good times, a leader’s role is … Continue reading

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SARS is changing the tax filing season due to the coronavirus – here’s what you need to know

The South African Revenue Service (SARS) has outlined changes to the coming tax filing season due to the impact of the coronavirus.  In a presentation on Tuesday (5 May), SARS commissioner Edward Kieswetter said that the season will be comprised … Continue reading

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COVID-19 and downgrades: Director’s duties unpacked

At the same time as grappling with a nationwide lockdown to curb the spread of COVID-19, South Africa’s credit rating was also downgraded to below investment grade by Moody’s. This is likely to only further depress an already weakening economy, … Continue reading

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Further tax measures to provide support

Finance Minister Tito Mboweni has provided more details on the second set of measures that are aimed at assisting individuals and businesses through the COVID-19 pandemic.  “There is a critical need for government interventions to assist with job retention and … Continue reading

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Cars, pets and summer holidays

The missing piece in many personal budgets. Having a budget is one of the most useful ways to stay in control of your finances. It not only helps to keep your spending below your income, but also allows you to … Continue reading

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Government increases tax-free cap on foreign income

The concept of emigration is to be replaced by a verification process. South Africans who are working and living abroad have been given some relief with a slight increase in the tax-free cap on their foreign earnings. National Treasury introduced … Continue reading

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