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Bloom SA
Sep 29, 20204 min read
Your SME and the Economy – Prepare for the Long Way Back
The South African economy could take as long as seven years to get back to the size of R5.1 trillion it was at the end of 2019 before...
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Bloom SA
Jan 6, 20202 min read
Junk Status Is Not The End - It Can Get A Lot Worse!
It is now widely expected that sometime in the next year or so Moody’s will downgrade South Africa’s debt to junk status. Many see this...
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Bloomsa
Oct 31, 20194 min read
Crunch Time for SA – The Medium Term Budget Policy Statement and What it Means to You
“There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in...
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Bloomsa
Sep 30, 20193 min read
Our Economic Outlook: Good News or Bad?
“Prediction is very difficult, especially if it’s about the future” (Niels Bohr, theoretical physicist and Nobel Prize winner) After...
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Bloomsa
Jul 30, 20192 min read
The Big Mac Index Says the Rand is Way Undervalued
“Our results indicate that the Big Mac Index is surprisingly accurate in tracking exchange rates over the long-term, which is consistent...
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Bloomsa
Jun 27, 20192 min read
How Many Days Did You Work For The Taxman In 2019?
“Tax Freedom Day is calculated by dividing general government revenue by GDP at market prices, then multiplying the result by the number...
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Bloomsa
Apr 30, 20192 min read
Quick Wins to Get Our Economy Going Again
“I approach every problem with optimism” (Nelson Mandela) The mood of optimism that pervaded a year ago is rapidly fading – the Business...
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Bloomsa
Feb 27, 20192 min read
What does Budget 2019 mean for you?
The following proposed tax changes were announced Income tax rates are left unchanged. The primary rebate was marginally increased but...
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Bloomsa
Feb 27, 20191 min read
Your Selection of Budget 2019 Tax Calculators
“People who complain about taxes can be divided into two classes: men and women” (Anon) How long will you work for the taxman today?...
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Bloomsa
Feb 27, 20194 min read
Budget 2019: Credibility Restored?
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them...
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Bloomsa
Jan 31, 20191 min read
Budget 2019: Your Tips for Tito
On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what...
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Bloomsa
Jan 8, 20193 min read
Interest Rates in 2019 – Which Way Will They Go and Why?
“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic...
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Bloomsa
Nov 28, 20182 min read
Let’s Be Realistic and Positive in 2019
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we...
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Bloomsa
Nov 28, 20183 min read
The Medium Term Budget Speech and the Rating Agencies – Danger in December
The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The...
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Bloomsa
Jun 28, 20182 min read
Small and Medium-Sized Businesses: How to Stay Healthy and Profitable
Today getting an SME going is incredibly difficult as they face enormous red tape (FICA, getting loans, VAT registration and so on) and...
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Bloomsa
May 31, 20181 min read
When Do We Stop Working for SARS This Year?
It has become a global phenomenon measuring Tax Freedom Day, the day up to which you work to pay your taxes – only after Tax Freedom Day...
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