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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BER Weekly

10 June 2019
Domestic financial markets were rattled last week after the release of much weaker-than-expected 2019Q1 GDP figures and mixed messages from the ANC on the mandate of the SA Reserve Bank (SARB). The rand exchange rate weakened significantly through the week. Incoming data for the second quarter, including vehicle sales and the Absa Purchasing Managers'...

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BER Weekly

10 June 2019
Domestic financial markets were rattled last week after the release of much weaker-than-expected 2019Q1 GDP figures and mixed messages from the ANC on the mandate of the SA Reserve Bank (SARB). The rand exchange rate weakened significantly through the week. Incoming data for the second quarter, including vehicle sales and the Absa Purchasing Managers'...

Read the full issue