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Free at last – Tax Freedom Day 2018

 11 May 18
On Sunday, 13 May, South Africans stop working for the state and start working for themselves.…

Media release: Congratulations SA tax payers – you can now keep your own money

 10 May 18
Before you earn a cent, government takes a chunk out of your pay packet in taxes.…

TEASER: When is Tax Freedom Day 2018?

09 May 18  
Every earner is taxed. Through one kind of tax or another, government takes a bit out of everyone’s earnings.…

Media release: Far from protecting consumers, the Financial Advisory and Intermediary Services (FAIS) Act and Twin Peaks cost billions and add nothing

26 Mar 18  
FAIS, effective in 2004, was supposed to be a significant advance in protecting unsuspecting consumers from ‘rogues’ in the Financial Services sector who were ‘mis‐selling’ unsuitable insurance policies and causing a high lapse rate (when a policy is…

Poverty and inequality: Heed Mandela and follow the Zimbabwe example

20 Mar 18   Jasson Urbach
South Africa must learn from the Zimbabwe experience. During 2009 - 2013 when Morgan Tsvangirai’s MDC was running the finance portfolio, Zimbabwe lifted all foreign exchange (forex) and price controls…

Taxing people into poverty

20 Mar 18  
Tax has been a part of human history for millennia. There are records of farmers in ancient Egypt giving up a portion of their crops and peasants having to provide some of their labour freely to the Pharaoh.…

Media release: Minister Gigaba: Reduce bloated government before introducing new taxes

19 Feb 18   FMF Media Release
Minister Gigaba seemingly has his back against the fiscal wall and will probably announce tax hikes in his 21 February budget.…

Minister Gigaba – reduce spending and taxes to create jobs

12 Feb 18   Jasson Urbach
On 21 February, Finance Minister, Malusi Gigaba, will present his annual budget speech before Parliament.…

The right to work and debarment in the financial market

29 Nov 17   Robert W Vivian
Who in their right mind would believe there is a law on our statute books which is interpreted and applied in such a way that it makes it possible for an employer to deprive an employee, without the due process of law and without any proper enquiry,…

Illegitimate FSB directive revoked

13 Nov 17   Gary Moore
Until very recently, financial intermediaries and advisers (financial-service providers, FSPs) wishing to reappoint representatives who had been debarred from the industry,…

Media release: Twin Peaks now law – a sad day for SA’s financial services consumers

22 Aug 17  
The controversial “Twin Peaks” regulatory system is now law with the signing of the Financial Sector Regulation Act by President Zuma on 21 August 2017 and it is a sad day for consumers of financial services and for SA’s economy.…

Business Day column: Meme of insurers as pariahs is a ploy for greater regulation

10 Aug 17   Leon Louw
The insurance industry is reprehensible, according to Ismail Momoniat. He should know. As the Treasury’s deputy director-general, he orchestrates its regulatory diarrhoea.…

LETTER: Hands off money supply

04 Aug 17   Jasson Urbach
The public protector’s call for a constitutional amendment to bring an end to inflation targeting is confused and confusing.…

Media release: FSR Bill & Twin Peaks is bad policy - should be sent back for reconsideration

12 Jul 17   FMF Media Release
On 22 June 2017, Parliament passed the Financial Sector Regulation Bill (FSRB), which introduces the Twin Peaks regulatory system.…

FAIS clearly unclear

26 Jun 17   Gary Moore
A norm cannot be regarded as a “law” unless it is formulated with sufficient precision to enable the citizen to regulate his conduct.…

Any tax hurts the poor the most

Low-growth and the resulting decrease in government revenue around the world, but especially in South Africa, has led to increased calls for higher taxes on the rich.…

FAIS: Debarring representatives violates the Rule of Law

14 Jun 17   Gary Moore
The provision of the Financial Advisory and Intermediary Services Act of 2002 (“FAIS”) that vests in employers the power and obligation to banish (“debar”) financial-services representatives from the entire industry, has the effect of discriminating…