Budget 3.0 was tabled on the same afternoon as the SA/US meeting in the White House. Both events have been widely covered; this note assesses where we are now on both.
It’s exactly nine years since 52% of country voted to leave the EU. The decision was driven by a range of factors including the inflow of people into the country from overseas. Today, the government is concerned that wealthy foreign investors are going in the opposite direction.
It’s a perennial topic of dispute in our courts. A couple lives together, sharing the same roof and everything else in perfect happiness and harmony. Until it all goes south. Then the gloves come off and, particularly if our erstwhile couple end up dragging each other through the courts, everyone takes a beating.
You will most often come across trust accounts in your dealings with attorneys and estate agents, who must use them to hold funds on behalf of clients and other third parties. The funds in a trust account must be kept in a registered South African bank and are subject to yearly audit.
Falling inflation and interest rates, rising real incomes, and Germany’s move towards a more flexible fiscal policy have all contributed to a more positive sentiment. The European Union’s increasing willingness to position itself as a stable geopolitical force amid heightened competition between the US and China has further strengthened its global standing.
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