FSCA announces proposed levy increase for 2025/26
The increase is below the 6% CPI-related increase permitted by the Levies Act.
expenditure
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FAIS Ombud proposes increasing the KI and representative levy
FSPs will have to budget for an additional R32 per key individual or representative in the 2025/26 financial year.
FSCA publishes draft 2024/25 budget for comment
In line with previous financial years, FSPs will be the main contributors to the Authority’s revenue from levies.
FAIS Ombud budgets for more levy income despite 0% increase
The Office can no longer look to the FSCA to make up for any shortfalls in income.
Ombud Council’s 2024/25 budget reflects shift to operational independence
Bridging finance from National Treasury may not be required now that it has certainty of receiving levy and special levy income.
Important expenses not factored into the medium-term budget
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
MTBPS: positive and prudent, but significant risks remain
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
Political messaging, juggling spending demands, and the outlook for SA bonds
Jeff Schultz, senior economist at BNP Paribas South Africa, provides the following perspective on the Budget. He discusses: What the ANC hopes the Budget will achieve politically. The outlook for government revenue and […]
Curtailing spending is critical to lowering the debt ratio
The most notable feature of Budget 2022 is National Treasury’s intent to stabilise the government’s debt ratio, as it “saves” a significant portion of its current tax windfall, estimated at R181.9 billion in […]
