COMPLIANCE WITH THE FINANCIAL INTELLIGENCE ACT (FIC ACT)
RISK MANAGEMENT AND COMPLIANCE PROGRAMME – ANTI-MONEY LAUNDERING / COUNTER TERRORIST FINANCING We annex hereto your Risk Management and Compliance Programme (“RMCP”) as required in terms of section 42 of the Financial Intelligence Centre Act 38 of 2001 (the “FIC Act”). We urge you to properly read and understand the contents and obligations imposed upon […]
Personal Budget Template
PERSONAL BUDGET TEMPLATE A personal budget is a summary of your forecasted versus your actual income and expenses. It allows you to compare and track income and expenses for a defined period. A budget is a useful financial planning tool that helps you to plan and track your monthly expenses and savings and aids you […]
Economic Synopsis & Outlook – 2nd Quarter 2021
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus VC1 This synopsis has been compiled for the benefit of our distribution list and we would appreciate feedback regarding the contents. Please let us know if you find it beneficial, if you feel […]
Economic synopsis & outlook – 4th Quarter 2020
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus VC1 This synopsis has been compiled for the benefit of our distribution list and we would appreciate feedback regarding the contents. Please let us know if you find it beneficial, if you […]
Economic Developments – 3rd Quarter 2020
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus VC1 This synopsis has been compiled for the benefit of our distribution list and we would appreciate feedback regarding the contents. Please let us know if you find it beneficial, if you feel that we have left information out, or if there […]
Economic Synopsis & Outlook – 2nd Quarter 2020
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus VC1 This synopsis has been compiled for the benefit of our distribution list and we would appreciate feedback regarding the contents. Please let us know if you find it beneficial, if you feel […]
GROW YOUR MONEY
We hope all is well with you and that we will soon function as normal again. We refer to a previous email of 4 June 2020 – read it HERE AUGUST IS PROVISIONAL TAX MONTH! REDUCE THIS LIABILITY THROUGH AN INVESTMENT IN PERSEUS! An investment in Perseus VC1 LTD, CMV’s Section 12J venture capital company, […]
THE IMPLICATIONS OF FINANCIAL EMIGRATION
THE IMPLICATIONS OF FINANCIAL EMIGRATION Financial emigration is the process whereby individuals earning mostly/only foreign income financially emigrate from South Africa for foreign exchange control and taxation purposes, without giving up their South African citizenship. By financially emigrating from South Africa and living in another country, you will not be classified as a South African […]
DESPERATE MISSIONS: THE 2020 BUDGET & SONA
DESPERATE MISSIONS: THE 2020 BUDGET & SONA Written by Richard Downing, Economist The State of the Nation Address (SONA) and Budget 2020 were despairing efforts by the government to stop the door shutting on the South African economy. The call for radical economic transformation, the consequent radical deterioration of the South African economy, and looming […]
BUDGET SPEECH 2020
Insights into the 2020 Budget Speech Does the Budget Speech affect you or your business? With Finance Minister Tito Mboweni’s 2020 Budget Speech, the sustainability of the future of South Africa’s economy took the front seat, by focusing on the changes both consumers and businesses can expect. Overall: The Finance Minister alluded to the reduction […]