NJMPF PENSIONER NEWSLETTER Your quarterly news update – July 2018 Welcome to the second issue of the Pensioner Newsletter for 2018. The Financial Services Board (FSB) has formally taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018….read more
TIPS ON HOW TO SAVE OF TAX DEDUCTIONS DURING FILING SEASON
South African Revenue Service (SARS), may have shortened the 2018 Tax filing season, however that does not mean that you cannot save on tax deductions…..read more
NJMPF MEMBER NEWSLETTER Your quarterly news update – June 2018 The Financial Services Board (FSB) has formally taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018. This marks the formal implementation of the Twin Peaks model of financial sector regulation...Read More
NJMPF PENSIONER NEWSLETTER Your quarterly news update – March 2018 The increase in the Value Added Tax (VAT) rate from 14% to 15% became effective on 1 April 2018. This together with the fuel levy increases has the country abuzz with talk of a difficult year ahead….read more
INCREASED EFFORTS TO TRACE BENEFICIARIES Lessons from the Natal Joint Municipal Pension Funds (NJMPF) The FSB strongly emphasises that the primary purpose of pension funds is to pay benefits to their members and they must, therefore, find ways to trace and pay these beneficiaries….read more.
20 July 2018 Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in South Africa, for example, the government releases an annualized GDP estimate for each quarter and for an entire year).
19 July 2018 Nominal Gross Domestic Product is Gross Domestic Product (GDP) evaluated at current market prices. GDP is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. Nominal differs from real GDP in that it includes changes in prices due to inflation or a rise in the overall price level.
18 July 2018 Real GDP is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as “constant-price,” “inflation-corrected” GDP or “constant dollar GDP.” Unlike nominal GDP, real GDP can account for changes in price level and provide a more accurate figure of economic growth.
17 July 2018 Growth Rate: The GDP growth rate is the percentage increase in GDP from quarter to quarter. It tells you exactly how fast a country’s economy is growing or regressing.
16 July 2018 Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.