Neesa Moodley

Cape Town

Business Maverick. Money Cents with Neesa Personal finance, consumer, healthcare, financial services, investing. Opinions are my own [email protected]

Articles

VAT and its impact on investments

1 week ago | dailymaverick.co.za | Neesa Moodley

South Africans with an investment portfolio will be affected in several ways by the increase in value-added tax, which, if implemented, could come into effect in less than three weeks’ time. Like many South Africans, you are likely to have received a letter from your bank, insurer or cellphone service provider giving you 30 days’ notice of a pending 0.5 percentage point VAT increase coming into effect on 1 May.
Trump announces reciprocal tariffs - 30% for South Africa

3 weeks ago | dailymaverick.co.za | Neesa Moodley

'LIBERATION DAY' In a late-night spectacle, President Trump rolled out a global tariff scheme, slapping South Africa with a hefty 30% fee while mentioning twice, 'South Africa, they got some bad things going on...' President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House just before 10.30pm last night.
Sars eyes billions in unpaid taxes after record R1.85-trillion collection

3 weeks ago | dailymaverick.co.za | Neesa Moodley

REVENUE COLLECTION After a successful year that saw a net revenue collection of R1.855-trillion, where R447.7-billion was paid back to taxpayers in the form of refunds, the taxman, aka the South African Revenue Service (Sars), is setting its sights on recovering outstanding debt. Sars Commissioner Edward Kieswetter told media yesterday that one of Sars’s targets going forward was to recover an additional R20-billion to R50-billion to strengthen the fiscus.
You might have a stake in R88bn in unclaimed benefits

3 weeks ago | dailymaverick.co.za | Neesa Moodley

PERSONAL FINANCE Billions in unclaimed benefits remain unpaid. There are a couple of ways to check if you are owed money. Almost every year the financial services industry calls on consumers to come forward so they can be paid their unclaimed benefits.
JSE Investment Challenge is back again

1 month ago | dailymaverick.co.za | Neesa Moodley

FINANCIAL LITERACY Fancy investing on the stock exchange but you’re not sure about how to get started? Two annual investment competitions kick off soon. The JSE Investment Challenge is tailored for university students and high school learners, providing them with the opportunity to acquire real-world investing and trading knowledge and skills.
Ombud overturns insurer’s rejection

1 month ago | dailymaverick.co.za | Neesa Moodley

PERSONAL FINANCE Because it was a hijacking, the lack of a driving permit does not justify refusing a claim, the ombud has ruled. For years, insurers adopted the practice of rejecting claims if they found that consumers failed to disclose or deliberately withheld information from them at the time of taking out a policy. However, a recent ruling by the non-life insurance division of South Africa’s National Financial Ombud (NFO) Scheme has turned that principle neatly on its head.
Transnet and Eskom still in crisis as Treasury holds firm on SOE bailouts

1 month ago | dailymaverick.co.za | Neesa Moodley |Yeshiel Panchia

BUDGET 2025 2.0 The 2025 Budget underscores Treasury’s hardline stance against unconditional bailouts for struggling SOEs. However, Eskom and Transnet remain major fiscal risks. Early last month, Eskom warned that if municipal debt was not addressed by 2028, it would be forced to knock at the National Treasury’s door for another bailout. However, the National Treasury is firmly sticking to its stance of “no more bailouts”.
No tax hike? Think again — bracket creep and inflation quietly raise your tax bill

1 month ago | dailymaverick.co.za | Neesa Moodley |Lisakanya Venna

BUDGET 2025 2.0 The decision not to adjust personal income tax and rebates for inflation means that in real terms you will end up paying more tax over the long-term due to bracket creep. Consumers thinking they have been let off the hook because personal income taxes have not been increased are in for a rude surprise.
SA’s four priorities - Ramaphosa outlines his G20 presidency goals to delegates

1 month ago | dailymaverick.co.za | Neesa Moodley

GROUP OF 20 Looking back on the historic role of the G20, President Cyril Ramaphosa told finance ministers and central bank governors on Wednesday that he would forever remember its important role in responding to the eurozone crisis and in maintaining global financial support and stability during and in the aftermath of the Covid-19 pandemic.
Business leaders at B20 summit chart future-ready economic path for SA

1 month ago | dailymaverick.co.za | Neesa Moodley

TECH & DIGITAL EMPOWERMENT Readying South Africa’s workforce for advances in technology and digitisation was at the forefront of discussions at the B20 summit in Cape Town this week. Leading professionals at the Business 20 (B20) summit — the official G20 dialogue forum with the global business community — in Cape Town this week outlined how South Africa can achieve a future-ready economy.