LMN Financial Limited

08/06/2016

Ratings agency Fitch has affirmed SA's investment grade credit, and kept its outlook stable

08/06/2016

South Africa GDP Growth Rate YoY was reported at -0.2% in Q1 from 0.6% in the previous period. It was expected at 0.1%

South Africa GDP Growth Rate QoQ was reported at -1.2% in Q1 from 0.4% in the previous period. It was expected at -0.1%

South Africa Business Confidence was reported at 32 in Q2 from 36 in the previous period. It was expected at 34.2

03/06/2016

The move by S&P to keep South Africa’s rating on hold was largely the consensus market view, reinforced during the week by Finance Minister Pravin Gordhan’s comments stating that he believed the country had done enough to stave off a downgrade. Whilst we don’t see any material market action as a result, this could give the market some impetus to extend the rally in the bond and currency markets sparked by this afternoon’s US jobs numbers. In the longer term, this reprieve does not change the fundamental weaknesses in the South African economy and we see this as temporary with a downgrade still very likely to proceed in December.

03/06/2016

S&P Global Ratings has affirmed South Africa’s long and short term foreign and local currency bond ratings at ‘BBB-/A-3’ and ‘BBB+/A-2’ respectively.

03/06/2016

S&P affirming SA current credit rating.

03/06/2016

South Africa | Economic Indicators

SA Economic Overviews

GDP Growth Rate 0.6 % Dec/15 0.7%
Unemployment Rate 26.7 % Mar/16 24.5 %
Inflation Rate 6.2 % Apr/16 6.3%
Interest Rate 7 % May/16 7 5%
Balance of Trade 431 ZAR Million Apr/16 -1267 ZAR Million
Government Debt to GDP 50.1 % Dec/15 47.1%

03/06/2016

With 28 days until tax season opens on 1st July 2016, your employer should now have your IRP5 ready for you.

Your IRP5 details your income earned, tax deductions and PAYE withheld between 1 March 2015 and 29 February 2016. This is important to have on hand when doing your tax return.

Remember that even if you’ve left a company in the specified time, they have a legal duty to supply you with a completed IRP5.

03/06/2016

South Africa Standard Bank PMI was reported at 50.2 in May from 47.9 in the previous period. It was expected at 47.4

20/12/2014

Need my Accounting services contact me @ [email protected] or call me on 0713517035

05/11/2014

CPI = 5,9 % for October 2014
PPI = 6,9 % for Headline
PPI = 7,0 % For international
PPI = 3,8 % for Agriculture

05/11/2014

http://mg.co.za/article/2014-11-04-solid-performance-puts-more-cash-in-tax-offices-pockets?ars=true

Sars's total income for 2013-2014 increased by 10.6% to R900-billion, driven by increased personal income tax and VAT contributions.

05/11/2014

Important dates 07-11-2014 Submission and Payment of EMP201-to SARS

21-11-2014 End of Tax season for Individuals - if you earn less that R250 000 P/A you don't have to worry, it's your choice to submit or not.

25-11-2014 Submission and Payment VAT201 Manual

28-11-2014 Submission and Payment of VAT201 efilling

30-01-2015 Tax season deadline for e filling Provisional Taxpayers