Nico Katzke on proposed tax incentives for household savings

Posted by Melt van Schoor on 2012-12-17

National treasury recently released two papers concerning the promotion of household savings through amendments to the saving and investment taxation guidelines for public comment and consultation purposes. The papers suggest specific amendments to current taxation exemptions on discretionary retirement and non-retirement savings through predefined collective investment vehicles, in order to stimulate savings amongst domestic households that are traditionally not too fond of saving. Nico Katzke recently wrote a comment intended to highlight the perils of exposing individuals with low financial literacy to uncertain returns in equity and property markets through such investment vehicles. Click here to read the full comment.

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30 March 2020
Late Friday night, Moody's downgraded SA's foreign and local currency sovereign credit rating to Ba1 - one notch below investment grade - following a scheduled ratings review. Tragically, SA also recorded its first COVID-19 deaths and cases surged to over 1 200 during the week.In financial markets, the SA Reserve Bank (SARB) announced it would start...

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BER Weekly

30 March 2020
Late Friday night, Moody's downgraded SA's foreign and local currency sovereign credit rating to Ba1 - one notch below investment grade - following a scheduled ratings review. Tragically, SA also recorded its first COVID-19 deaths and cases surged to over 1 200 during the week.In financial markets, the SA Reserve Bank (SARB) announced it would start...

Read the full issue