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Platinum Wealth

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Platinum Wealth last won the day on February 24

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  1. To support economic recovery, government will not raise any additional tax revenue in this budget. The personal income tax brackets and rebates will increase above the inflation rate of 4 per cent. Government will increase excise duties on alcohol and tobacco by 8 per cent for 2021/22. Inflation-related increases of 15c/litre and 11c/litre will be implemented for the general fuel levy and the RAF levy, respectively, with effect from 7 April 2021. The UIF contribution ceiling will be set at R17 711.58 per month from 1 March 2021.
  2. Budget Tax Guide 2021.pdf2021-Full-Budget-Review.pdfBudget 2021 Estimates Of National Expenditure.pdf
  3. Finance Minister Tito Mboweni is due to present the budget at 14:00 today (Wednesday) 24 February 2021. All eyes will be on finance minister Tito Mboweni when he delivers his much-anticipated budget speech in parliament on Wednesday afternoon. Mboweni is set to deliver his budget speech at 2pm. It come in the wake of shocking unemployment figures that were shared by Stats SA on Tuesday. The unemployment rate in the fourth quarter of 2020 increased by 1.7 percentage points to 32.5% compared to the third quarter. This is the highest since the start of the Quarterly Labour Force Survey (QLFS) in 2008. Stats SA said the unemployment rate, according to the expanded definition of unemployment, decreased by 0.5 of a percentage point to 42.6% in the fourth quarter of 2020 compared to the third quarter. “The results of the QLFS for the fourth quarter of 2020 show that the number of employed people increased by 333,000 to 15 million, and the number of unemployed people also increased by 701,000 to 7.2 million compared to the third quarter of 2020, resulting in an increase of one million (up by 4.9%) in the number of people in the labour force,” it said. Among other things, Mboweni is expected to elaborate on measures undertaken to help the economy recover since the onset of the Covid-19 pandemic more than 11 months ago. Any changes announced by Mboweni on Wednesday come into effect in April. Last month, he called for South Africans to send him their tips on how to improve the country’s ailing economy. The liquor and motor industries have asked for tax relief. Read More: https://www.timeslive.co.za/politics/2021-02-24-budget-2021-wishlist-heres-what-sa-hopes-to-hear-from-tito-mbowenis-speech-today/
  4. How much is your car insured for? How much do you currently pay? Who are you insured with? Did you claim before & how was the experience if you did?
  5. The JSE doesn't exactly have the best of liquidity in the micro small cap sector, so that would be my reason for not buying NUT, will I be able to sell?
  6. Virgin Money South Africa announced that it has changed its name to Spot Money SA, adopting the name of its Virgin Money Spot app. The link to Spot Money is https://spotmoney.com/ This follows the Virgin Group’s divestment from its South African operations, including the Virgin Money credit card. Virgin Money South Africa launched its Spot mobile application in 2018. The app, which was developed in partnership with wiGroup, started by offering peer-to-peer money transfers and mobile payments. A few months after the app’s launch, Virgin Money released a new version of Spot that was built on blockchain technology. Andre Hugo, who was the CEO of Virgin Money SA at the time, and is now the CEO of Spot Money SA, said that they adopted distributed ledger technology because of its inherent safety and speed. The cryptocurrency token that Spot’s system uses internally is pegged at a one-to-one exchange rate with the Rand. “All Spot transactions are recorded in our blockchain ledger, which means they are tamper-proof,” Hugo stated. “Virgin Money Spot is the first retail micro-token exchange in South Africa. What this means for consumers is that we can transfer value in a fast, cost-efficient and transparent manner that protects against fraud and gives our customers peace of mind.”
  7. Telkom will charge users of its new Telkom Pay wallet, which is built on top of WhatsApp, a flat fee of 2.5% for transactions and card top-ups.
  8. Her conclusion states: “It is my view that the fund should be liquidated or placed under administration as a matter of urgency. This is the only way that this hemorrhage of billions of rands of public funds can be stemmed and proper and valid settlement of plaintiffs’ claims undertaken in the public interest.” She has asked that the judgment be brought to the attention of the Minister of Transport, the head of the Road Accident Fund and the National Director of Public Prosecutions. Source: https://www.groundup.org.za/article/court-calls-road-accident-fund-be-liquidated-damning-judgment/
  9. Pfizer says it is a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to the Covid-19 crisis. The first effective coronavirus vaccine can prevent more than 90% of people from getting Covid-19, a preliminary analysis shows. The developers - Pfizer and BioNTech - described it as a "great day for science and humanity". Their vaccine has been tested on 43,500 people in six countries and no safety concerns have been raised. The companies plan to apply for emergency approval to use the vaccine by the end of the month. A vaccine - alongside better treatments - is seen as the best way of getting out of the restrictions that have been imposed on all our lives. There are around a dozen in the final stages of testing - known as a phase 3 trial - but this is the first to show any results. It uses a completely experimental approach - that involves injecting part of the virus's genetic code - in order to train the immune system.
  10. Interesting time ahead, I wonder if ALTs will follow like 2017?
  11. I will attach all the Black Friday deals to this post, as they become available. Makro-Black-Friday-2020.pdf Incredible-Connection-Black-Friday-2020-Deals.pdf 14595_02_Nov_2020_BF_VERSION 6.pdf Hifi-corporation-black-friday.pdf Vodacom-black-friday-2020.pdf Game _ 28 Black Fridays Week 2 (11 November - 17 November 2020).pdf HiFi-corporation-week-2.pdf
  12. Government’s medium‐term policy priorities are economic recovery and fiscal consolidation. The social compact agreed to between government, business, labour and civil society prioritises short‐term measures to support the economy, alongside crucial structural economic reforms. The economy is expected to contract by 7.8 per cent in 2020, recovering to real GDP growth of 3.3 per cent in 2021. Economic growth is expected to average 2.1 per cent over the three‐year forecast period. Fiscal measures – primarily reductions to the wage bill – will narrow the budget deficit and stabilise debt over the next five years to return the public finances to a sustainable position. The consolidated deficit narrows from 15.7 per cent of GDP in 2020/21 to 7.3 per cent by 2023/24. Gross national debt is projected to stabilise at 95.3 per cent of GDP by 2025/26. http://www.treasury.gov.za/documents/mtbps/2020/2020 MTBPS presentation.pdf
  13. [WATCH LIVE] Finance Minister #TitoMboweni is due to table the #MTBPS at 2pm - watch the livestream here. #MiniBudget #MTBPS2020
  14. I find myself more and more rather buying chunks of DCX10 than actual crypto. It's probably not ideal from a "fundamentalist" point of view, ie not your keys not your coins, but with that said, it just makes it so much easier to get a bit of exposure outside of Bitcoin alone without having to keep multiple systems up to date.
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