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Moonstone Monitor | 13 March 2024

IN THIS WEEK'S ISSUE

Top stories

•	Budget: higher taxes, rising costs, and no relief for households
•	Two (?) VAT hikes and no adjustments to the income tax brackets
•	VAT hike scaled back, but social grants take the biggest hit
•	FIC accepting RMCPs after the 12 March deadline

In the news

•	KZN Treasury’s R2.4bn loan request raises more questions than answers
•	Debarment set aside as Tribunal distinguishes negligence from dishonesty
•	New earnings threshold on 1 April – what this means for employees
•	Trump’s on-off tariffs drive market volatility

Perspective

•	Judgment in Delta case highlights D&O insurance limitations

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Careers Platform

•	Advertising packages
•	Industry positions
•	Moonstone positions

In Lighter Wyn

•	Budget tips

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A phased VAT increase and frozen tax brackets mean South Africans will pay more, while concerns grow over government spending and economic stagnation.

Two (?) VAT hikes and no adjustments to the income tax brackets

A comprehensive round-up of the tax proposals affecting individual taxpayers and consumers.

VAT hike scaled back, but social grants take the biggest hit

With the government now R8.6 billion short, planned social grant increases have been slashed – while Home Affairs and border management also see deep budget cuts.

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FIC accepting RMCPs after the 12 March deadline

But institutions that file their RMCPs after the deadline are regarded as non-compliant and may be sanctioned.

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IN THE NEWS

KZN Treasury’s R2.4bn loan request raises more questions than answers

As the KwaZulu-Natal government scrambles to keep Ithala afloat, its urgent request for a R2.4 billion loan from National Treasury sparks confusion – especially given an earlier government guarantee.

Debarment set aside as Tribunal distinguishes negligence from dishonesty

The case highlights that debarment is reserved for instances of clear, intentional breaches of integrity, not mere negligence.

New earnings threshold on 1 April – what this means for employees

If you earn above the threshold, certain provisions of three pieces of labour legislation no longer automatically apply.

Trump’s on-off tariffs drive market volatility

Economic experts warn that the uncertainty surrounding Trump’s escalating tariffs is driving significant market fluctuations.

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PERSPECTIVE

Judgment in Delta case highlights D&O insurance limitations

With directors held accountable for undisclosed deals and conflicts of interest, the judgment brings to light the crucial issue of whether D&O policies will stand behind executives embroiled in misconduct.

CAREERS PLATFORM - INDUSTRY POSITIONS

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•	Financial Advisor: Coastal Equities t/a Rise Up Capital, Durban,KZN. We are looking for a Financial Advisor. At Rise Up Capital, we are more than just an investment firm, we are your trusted partner in navigating the financial landscape.

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IN LIGHTER WYN

Budget tips

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