Low Cost Healthcare Solutions For Employers
Quarter 1 – 2015 Low cost healthcare solutions for employees – a minefield for the employer If you are facing the dilemma of “what solutions are there for my employees who cannot afford medical scheme cover?” you are not alone. Many employers across South Africa, face the same challenge. All medical schemes have to provide […]
Read more...NMG Mercado Released [30 March 2015]
LOCAL MARKETS CLOSE IN POSTIVE TERRITORY South African markets closed in positive territory at the end of last week, as a recovery in industrial stocks gave markets a boost. Mining shares performed poorly throughout Friday, despite the stocks being considered as undervalued. The weaker local currency has failed to assist firms within the sector. Global […]
Read more...NMG Mercado Released [23 March 2015]
The current account deficit narrowed to 5.1% of GDP for the fourth quarter of 2014, whilst economists had expected a gap of 5.8%. Exports gained during the last three months of the year, as a result of a decreased number of strikes and normal trading activity. On a year-on-year basis, the deficit narrowed to 5.4% […]
Read more...Toska Kouskos Highlights 12 Healthcare Industry Hot Topics In Quarter 1, 2015
In my first Industry Update for 2015, I highlight 12 salient topics in the South African healthcare industry. Demarcation Debate Supplementary Levy for Medical Schemes CMS publication – Categorisation of Assets CMS publication – Guidelines for introduction of a Low Cost Benefit Option (LCBO) CMS Indaba feedback CMS Circular 20 of 2015 – Notice of […]
Read more...NMG Mercado Released [9 March 2015]
Local markets ended the week in positive territory, supported by industrials and banks. Better-than-expected US payroll data assisted in boosting stocks, however the data also pushed the rand to its lowest level since 2001. The rand fell to R12.10 against the US dollar, from R11.73 in earlier trade. The rand looks to decline even further, […]
Read more...INFOGRAPHIC: Tax Free Savings Account
Read more...INFOGRAPHIC: 2015 Budget Snapshot
Read more...NMG Mercado released[2 March 2015]: SA GDP in the spotlight
South Africa’s GDP grew by 4.1% during the last quarter of 2014, up from 2.1% achieved in the previous quarter. The fourth quarter’s growth was underpinned by gains in mining, manufacturing, finance, real estate and business sectors. Mining grew by 15.2%, whilst manufacturing increased at an annualised rate of 9.5%. The nominal GDP at market […]
Read more...Review of Budget speech 2015
Yesterday, Finance Minister Nhlanhla Nene gave the budget speech for 2015. The speech seemed to shed a gloomy view for the year. The finance minister was tasked with a difficult assignment given the current state of the economy. The key points of the budget are as follows:
Read more...Budget Speech: 11 issues that affect the Retirement Fund Industry
1. Resignations due to Retirement Reform and/or indebtedness 2. Twin Peaks 3. TCF 4. Tax-Free Savings Accounts 5. Withdrawal from retirement annuity funds by non-residents 6. A maximum age for the preservation of retirement assets 7.Estate duty and retirement funds 8. Harmonisation and annuitisation 9. Draft regulations on default preservation 10. Mandatory system under consideration […]
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