Newsletter – August 2021 – Issue 114

Offshore markets continue to climb locally. It’s been up and down. Rand dollar and rand pound are still at fair levels, but any further decline in the rand will mean that dollar and pound will start to get expensive, so if you have money to move, move it.
There is a whole lot of noise and talk of a bunch of new taxes that are being looked at for South Africans. Don’t panic. Most is a lot of politicians/Government department heads getting on their tomato boxes to try and impress. There is also another word for new taxes now, “Surcharges”!!! Do they really think the public is that stupid just because tax is now being called another name, that we will embrace it with open arms, seriously!!!
Benjamin Franklin said, “For a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to pull himself up by the handles”.

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