Budget Speech Update 2024

2024 Budget Speech Update Compiled by the Tax team, Allan Gray Proprietary Limited. While South Africans battle with a cost-of-living crisis, rising unemployment and sluggish economic growth, Finance Minister Enoch Godongwana is faced with the daunting task of...

Medium-Term Budget Policy Statement (MTBPS) 

Medium-Term Budget Policy Statement (MTBPS)  Morningstar South Africa Minister of Finance, Mr Enoch Godongwana, tabled the Medium-Term Budget Policy Statement (MTBPS) in Parliament on 1st November, providing an update on South Africa’s finances and in particular its...

Morning Star Market Commentary for August 2023

Market and Economic Summary This month, global market sentiment turned negative, as most asset classes ended in the red. Resilient economic data, and concerns of further upside risks to inflation led to expectations that central banks would maintain higher interest...

Greylisting Q&A

The global Financial Action Task Force (FATF) announced on the 24th of February that South Africa will be added to the ‘grey list’. As noted by the FATF: “When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve...