The Vat that broke The Budget

Revenue collections driven by consumption and two-pot withdrawals | Discovery Vitality tightens rules on HealthyFood

View this email in your browser Good morning John Thu, 20 February 2025 Today on MoneywebNOW Lonwabo Maqubela from Perpetua Investment Managers discusses Anglo American’s restructuring, production, and Kumba’s results. Bobby Wessels from AJM Tax examines the postponed budget, the proposed Vat increase to 17%, and the concept of tax by stealth. Livestream at 6:30am » Top stories The Vat that broke The Budget Ryk van Niekerk ANC's hardest reality check since 1994 – the budget that never was. Revenue collections driven by consumption and two-pot withdrawals Amanda Visser 'Consumer spending also increased because of the lower interest rates.' Discovery Vitality tightens rules on HealthyFood Moneyweb Members will now have to jump through a few hoops each month … Urgent bid to halt implementation of Tongaat Hulett rescue plan dismissed Roy Cokayne Part B of RGS Group’s application seeking to set aside the approved business rescue plan to be determined at a later stage. Brought to you by Peregrine Capital Peregrine Capital reports strongest fund performance year Peregrine Capital Its High Growth and Pure Hedge funds delivered double-digit net returns. Latest audio RADIO » PODCASTS » LIVESTREAM » Anchor: Why we’re keeping BHP out of our portfolios MoneywebNOW - Brought to you by STANLIB Mining limping at pre-Covid production levels Moneyweb@Midday Does budget speech delay raise SA economic uncertainty? SAFM Market Update BTW breek toe die begroting RSG Geldsake Indicators MORE » ALL DATA TOOLS » Current Value Move % USDZAR 18.53 20 Feb, 5:19 0.11 % EURZAR 19.32 20 Feb, 5:19 0.19 % GBPZAR 23.32 20 Feb, 5:19 0.15 % BTCUSD 97,030.50 20 Feb, 5:19 0.81 % Current Value Move % JSE ALSI 88,342 20 Feb 00:00 -0.81% S&P500 6,144.15 19 Feb, 0:00 0.24% Dow Jones 44,627.59 19 Feb, 0:00 0.16% BRENT 75.83 20 Feb, 4:35 -0.26% Winners: 26/100 Current Value Move % 7 Day Move 30 Day Move DISCOVERY » 209.36 19 Feb, 17:06 7.57 % 8.08% 10.50% POWER » 152.00 19 Feb, 15:44 4.56 % -0.37% 29.25% PAN-AF » 8.20 19 Feb, 17:00 2.50 % -6.71% -7.13% Losers: 71/100 Current Value Move % 7 Day Move 30 Day Move ALPHAMIN » 10.60 19 Feb, 17:00 -11.67 % -18.27 % -20.06 % PHP » 20.67 19 Feb, 17:00 -9.74 % -0.24 % -1.15 % ANGGOLD » 552.81 19 Feb, 17:09 -6.02 % -9.85 % 10.67 % The winners and losers are ranked by the market performance of the latest trading day of the top 100 JSE-listed companies by market capitalisation. Our advisors GET LISTED » CONTACT US » Get to know VIEW ALL » Pedri Reyneke Multilink Finansiële Dienste Nicholas-John Maree NFB Private Wealth Management Advisor views VIEW ALL » How to build a portfolio that works for you Matthew Matthee - Graviton Wealth Management Portfolio construction isn’t about chasing returns or picking star managers. It’s about designing an investment strategy that aligns with your life and sticking to it. From couple to family: How to adjust your financial plan for parenthood Erin White - Crue Invest (Pty) Ltd From medical costs to future education, here's how to ensure your child’s financial security. Unpacking tax-free savings accounts Paul Roux - Sentient Wealth Learn how to utilise this vehicle to its maximum potential. Ask an advisor VIEW ALL » SUBMIT A QUESTION » Is my spouse automatically entitled to 50% of my life cover payout? It depends on whether you've nominated beneficiaries to the policy or not. Here's how it plays out in both scenarios … Get full access to all our market indicators, investment tools and award‑winning articles. R70/month or R700/year SUBSCRIBE NOW or create a free account. Free registered users can leave up to 4 comments per month. Subscribers can leave unlimited comments via our website and app. Quick links Home » Daily Indicators » SENS » JSE Search » Radio » Podcasts » Sign in » Register » Newsletters » Contact us Phone: +27 (0)11 344 8600 Newsroom: editor@moneyweb.co.za Advertising: tracyp@moneyweb.co.za Technical & Account Enquiries Support requests are not handled by phone. Get help quickly by emailing us at help@moneyweb.co.za

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