South Africa is Not a Junk Country.
South Africa was recently downgraded to sub-investment status. Panic struck as both Fitch and Standard & Poor’s downgraded South Africa. Sub-investment grade means that South Africa is a highly risky investment, and certain financial institutions are not permitted to invest where such uncertainty exists. George Herman, Citadel’s Director and Chief Investment Officer published an article […]
Carbon Tax – Are You Aware How This Might Affect Your Company?
The Carbon Tax Draft Bill was first opened for comment in 2015. The reasoning behind the tax is for South Africa to realise a green, sustainable economy. Short term targets include reducing carbon emissions by 34% by 2020 and 42% by 2025. It was expected to be officially implemented on 1 January 2017, but this never materialised and delays will continue. But eventually this Act will be instated and it is worth identifying whether it will affect your company. If so, what will the implications be?