News

Budget Highlights

The main tax proposals for 2013 include the following:   • An employment tax incentive targeted to support young workers and those employed in special economic zones. • Individuals whose taxable income is fro ...
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Year End Letter

The year 2012 is almost behind us and we are once again faced with the usual suspects robbing us from our well earned end of year happiness: world economic crisis, negative sentiment in our beloved country’s futu ...
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Former FirstRand CEO defends SA

 In the wake of negative reports and publicity surrounding South Africa, an email by a prominent South African businessman has surfaced in which he tries to dispel rumours to a concerned friend.  Accord ...
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Business Midterm budget: Fighting talk from Pravin Gordhan

Finance Minister Pravin Gordhan tightened his belt, chided the country's critics and delivered a no-nonsense medium-term budget policy statement.   In the light of growing domestic and global economic stri ...
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FNB recognised as the most innovative bank in the world

Hardly a day goes by without a ‘bad news’ headline that invariably ends with ‘in the world’. Statements like ‘JHB has worst crime in the world’; ‘SA schools the most violent in the worl ...
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New features of PFL website

Dear PFL Client A number of new features and updates to the PFL website will be rolled out in the next 2 weeks. These new features include: Improved overall security, ensuring all personal documents and infor ...
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China's war of the oligarchs

The death of an Englishman in Chongqing has acquired all the intrigue of a John le Carré novel, with none of its charms. Despite the occasionally romantic descriptions of the disgraced leader Bo Xilai as a c ...
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The Über-rich get even richer

Released annually, it looks at global trends in wealth and prime property, who is making money and where they are spending it. The news for 2012 is the continuing, relentless growth in "plutonomy econom ...
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Small business funding agency launced

The Small Enterprise Finance Agency (Sefa) will have access to millions of rands of funding from the balance sheet of the Industrial Development Corporation (IDC), says the Minister of Economic Development Ebr ...
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CEO's mood upbeat

The mood among chief executive officers is looking up for the first time since the first quarter of 2011, according to a survey released on Wednesday. "The Merchantec CEO Confidence Index bucked its downwa ...
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