March 2, 2023
BASA comments on the Financial Action Task Force Grey-Listing of South Africa
While grey-listing can make it more onerous and costly to do business with South Africa and will detract from its reputation as an investment destination, it is important to note that FATF does not automatically call for the application of enhanced due diligence measures to grey-listed jurisdictions.
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February 23, 2023
Navigating through tough times
With the economy’s medium-term growth outlook deteriorating, a difficult domestic and global environment, and real GDP growth projected to average only 1.4% from 2023 to 2025, Finance minister Enoch Godongwana’s 2023 Budget Speech held limited good news for small and medium businesses.
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February 23, 2023
Navigating an uneven economic recovery
The National Budget Review notes that this rate of economic expansion is well below the pace required to generate significant employment growth and to support national development.
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February 28, 2023
Budget Speech commentary 2023
Find out what the industry had to say about the 2023 National Budget speech.
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February 23, 2023
Storm warning, grey on the horizon
In his Budget Speech address, Minister Godongwana said addressing the Financial Action Task Force (FATF) issues is part of the broader fight against corruption, crime, state capture, and the deliberate weakening of the institutions of law and order in our country.
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February 23, 2023
2023 Budget: A taxing balance
The 2023 Budget speech was delivered against the backdrop of high living costs, a dismal unemployment rate and intensive loadshedding crippling businesses, all of which are placing severe strain on South Africa’s economic recovery and growth. Carla Rossouw looks at some of the key take-outs.
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