Employers under budget compliance pressure

South African employers must act fast to prepare their payroll systems and processes for the new tax brackets and calculations announced in Finance Minister Nhlanhla Nene’s maiden budget speech. That’s the word from Madelein van der Watt, development manager at Sage...

What to expect from Budget 2015

Later this month, new Finance Minister Nhlanhla Nene will present his first budget to parliament, and it promises to be one of the most fascinating budget presentations of recent years, writes Rob Cooper, tax expert at Sage VIP Payroll and HR. During his medium term...

Industry experts comment on Budget Speech

The 2014 National Budget Address echoed a resounding endorsement of the National Development Plan (NDP), viewed by business as a blueprint for faster growth, job creation and poverty alleviation. What’s more, Minister Pravin Gordhan highlighted the private sector as a...

The Budget Speech and payroll in 2014

“The new tax year is imminent and companies should take special note to verify that their HR and Payroll systems incorporate the changes introduced by Finance Minister, Pravin Gordhan during his Budget Speech on Wednesday, 26 February 2014,” says Yolandi Esterhuizen,...

Gordhan delivers no-surprises budget

Finance Minister Pravin Gordhan delivered a safe, no-surprises budget with R7-billion personal tax relief, R2,5-billion less than in the previous tax year. Personal income tax brackets and rebates have been slightly adjusted to reduce the effect of inflation on tax...