Economy

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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Junk Status Is Not The End - It Can Get A Lot Worse!

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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Crunch Time for SA – The Medium Term Budget Policy Statement and What it Means to You

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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The Big Mac Index Says the Rand is Way Undervalued

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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How Many Days Did You Work For The Taxman In 2019?

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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Quick Wins to Get Our Economy Going Again

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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Your Selection of Budget 2019 Tax Calculators

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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Interest Rates in 2019 – Which Way Will They Go and Why?

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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The Medium Term Budget Speech and the Rating Agencies – Danger in December

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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Small and Medium-Sized Businesses: How to Stay Healthy and Profitable

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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When Do We Stop Working for SARS This Year?

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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