- Transfer of Tax Free Savings Accounts/Investments from one provider to another is now permitted.
- South Africa’s economic growth rate is up to 1.3% mainly due to agriculture. Forecast is for 1.5% for 2018 and 2.0% for 2019. Still way short of the 5.4% needed as per the National Development Plan.
- Sugar tax (Sugar Beverages Levy) to be introduced on 1 April. The levy is 2.1c per gram of sugar content that exceeds 4 grams per 100ml.
- S&P ratings agency has downgraded Eskom to CCC+. A further downgrade to CCC- will mean that “a default is imminent with little prospect of recovery”. The new board has much work to do obviously!
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