South African expats fear losing tax exemption

South Africans living abroad are fuming. Many will now be forced to come home after the Treasury announced a proposal to remove the foreign employment income tax exemption for South African expatriates. This means that those who make money from overseas employment could now be taxed domestically on their earnings. Magda Schoeman, who has lived […]
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Rand nears R13/$ and hits R20/£ despite claims it is stabilising…

The rand came within a few cents of the R13/$ level in the late afternoon on Tuesday as US housing data indicated a stronger US economy‚ further supporting the case for a rate hike in the world’s largest economy this year. The dollar gained against the euro in response to the data‚ which sent emerging […]
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South African Rand (ZAR) Is Heading For R22.50 Against The Dollar

A leading economist has painted a bleak picture for the local currency, the rand, against a surging US dollar. Cees Bruggemans, consultant economist at Bruggemans & Associates noted in a blog on his website that the rising dollar reached, on trade-weighted basis, a 20-yr low four years ago, but took three years to rise 6%, […]
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