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Angus Macmillan

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Article
/ 25 June 2007

R8bn Hulamin debuts on JSE

Twelve years ago, Hulamin was valued at R600-million within the Tongaat-Hulett Group, as it was known then. On Monday, the specialised aluminium manufacturer listed as a standalone entity on the JSE with a market capitalisation of more than R8-billion. The listing also signals a new beginning for Tongaat Hulett

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Article
/ 29 May 2007

SA gold output may be lower in 2007

While it was absolutely no surprise that South Africa’s gold output continued to slide in the first quarter, the sharp rise in costs ahead of tough wage negotiations that get under way next month must be a worry for gold-mining companies, which invested an impressive R1,6-billion in capital expenditure between the beginning of January and the end of March.

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Article
/ 21 February 2007

Personal-tax cuts total R8,4-billion

Finance Minister Trevor Manuel has unveiled personal-tax cuts totalling R8,4-billion across all income brackets in the budget for the 2007/08 financial year. The relief, which is being implemented through upward adjustments to all of the income-tax bracket levels, has been made possible by the R29-billion in revenue overruns experienced in the current 2006/07 financial year.

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Article
/ 21 February 2007

Watershed tax year for firms, retirement funds

The 2007/08 budget represents a watershed for South Africa’s taxation regime as it scraps retirement fund tax, does away with the unpopular secondary tax on companies and paves the way for the introduction of a social-security system. These are far and away the most significant taxation features of Finance Minister Trevor Manuel’s 11th budget.

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