I hope everyone enjoyed their rest and relaxation period.
Wishing you all the best of success to an action packed 2009!
Some good news...
If you haven't yet eFiled your income tax return, don't panic - the South African Revenue Service (SARS) this week granted you an extension to Thursday, February 5.
Looking ahead...
We have a lot to look forward to in 2009 and positive optimism will go a long way.
Barack Obama steps up to fulfill the dreams of millions of Americans. Expecting dramatic economic changes overnight might be somewhat unrealistic.
2010 Soccer World Cup is around the corner and that will definitely influence various industries in a very positive way.
The steep fall in oil prices and moderating inflation allowed the South African Reserve bank to cut its key lending rate in December 0.5% to 11.5%, down from a peak of 15.5%. That will enable the CPIX (consumer price inflation less mortgage costs) to decline from 10% in December, 7% in January and on down to 3%-6% in the second quarter in 2009.
None the less, I will keep you posted!
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