John Loos says rate cut provides welcome relief
             

 
 

 
 

 

JOHANNESBURG (February 05) – The SARB Monetary Policy Committee (MPC) took the decision to reduce its policy repo rate by 100 basis points today, from 11.5% to 10,5%, which should imply a drop in prime rate from 15% to 14%. 
This, says Johh Loos, Property Strategist [...]

The Minister of Finance today delivered his Budget Speech reconfirming government’s continuing commitment to disciplined fiscal policy and announced various changes to budget allocations.
For the taxpayer-man-in-the-street, the most relevant of these are:

The threshold below which no income tax is levied for people under the age of 65 is raised to R54 200 and for people [...]