TAX FREE SAVINGS ACCOUNTS FEBRUARY 2016
You may be aware from the recent coverage in the press, that National Treasury has passed legislation to permit investment in Tax Free Savings Accounts (TFSA) as of 1 March 2015.
For those of you familiar with the tax free “ISA” in the UK, the TFSA is based on the same approach and the UK system is one of the systems that National Treasury researched, when building the framework for South Africa’s TFSAs.
MARKET UPDATE FEBRUARY 2016
South African Market:
All good things come to those who wait, and if Leo could finally win an oscar, then there is hope that South Africa could avoid the dreaded downgrade after all.