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Understanding travel allowance and capital gains tax

What’s best: a travel allowance or mileage reimbursed?Q: I have the choice to structure my own cost-to-company package and selecting the level of my travel allowance from 0% of my salary upwards. I drive a low-value older vehicle.Would it m

Rate cut expected next week

The South African Reserve Bank’s Monetary Policy Committee (MPC) will meet next week, with economists and analysts expecting a 25 basis point cut to the prime lending rate.The MPC last met at the end of May 2019, where it voted three to two to

Regular drivers: why they matter

If you’ve ever shopped for car insurance quotes, you’ll know that among the first questions asked is this: ‘Who is the regular driver of the vehicle?’ And more often than not, someone else could be driving your car more than you but you’ve