State debt has become unsustainable, and the fiscal accounts are in deep trouble. How will the minister of finance square this circle? What about Eskom’s debt, a basic income grant and which taxes are increased to pay for all of this. Join economist Dawie Roodt and #tax expert Prof Jackie Arendse for their analysis of the annual budget.

Economic and Tax Analysis

Overview

The Tax Faculty is pleased to host the Post-Budget Speech: Economic and Tax Analysis webinar on 24 February 2023 with tax expert Prof Jackie Arendse and economist Dawie Roodt.

The Annual Budget Speech is always a red-flag day in the financial world as the speech contains important announcements on legislative tax changes and any planned tax policy changes. In 2023, we are awaiting further indications of any possible changes regarding wealth taxes, fuel taxes, the carbon tax and the new ‘two-pot’ retirement system, amongst other fiscal measures. In the face of ongoing economic challenges, the key questions include:

• How will the finance minister balance the budget?
• Are tax increases inevitable?
• How will the finance minister bring government debt under control?
• Is there any possibility of relief for small businesses and households facing spiralling interest rates and inflation?
• What about wealth taxes and environmental taxes?
• How will the proposed 2023 tax amendments affect your business and your personal finances?

Competencies developed in this CPD

After attending this webinar, you will be:

• Updated with important and current changes in tax legislation introduced in the Budget Speech.
• Competent to advise clients about the impact of the latest tax amendments announced in the Budget Speech on their tax compliance and future planning opportunities.
• Able to train your staff to be prepared for implementing the latest tax amendments announced in the Budget Speech.
• Informed about topics to include in a client communique to alert you clients about the specific tax implications introduced in the Budget Speech.
• Competent to revise the tax planning strategy of clients for the 2023/2024 tax year.

Presenters

Dawie Roodt

Chief Economist MEcon (cum laude)

Dawie is an economist who specialises in fiscal and monetary policy. He brings invaluable exposure to the Group through his active presence in both the local and foreign media. He has been a member of the Tax Advisory Committee of the Afrikaanse Handelsinstituut and has represented Business SA at Nedlac. Dawie is an ambassador for Child Welfare (Bloemfontein), Childline (Free State) and the Adopt Moreletaspruit Forum. He was also the recipient of the 2016 Sake24 Economist of the Year Award.

Professor Jackie Arendse 

B Acc (Wits) M Acc (Tax) (UKZN) Chartered Accountant (SA) PhD (Accounting) (Rhodes)

After completing her training at Deloitte and qualifying as a Chartered Accountant, Jackie was Group Financial Accountant for a top-100 listed company before moving to academia where she developed her skills as an academic – authoring, lecturing, and researching on a wide range of tax areas – and also completing her master’s and PhD qualifications.

She served as Project Director: Tax at the South African Institute of Chartered Accountants (SAICA) between 2004 and 2006, managing relationships with key stakeholders (especially SARS and National Treasury), enhancing SAICA members’ tax competence and representing SAICA in discussions with government on tax policy and legislation.

Jackie was Head of the School of Accountancy at Wits University from 2009 until 2013 and was Head of the Department of Accounting at Rhodes University from 2014 until 2020. Since 2021, she has been Head of Taxation at Academic One, which is developing a fully online CTA/Accounting Honours programme, and she continues as a sought-after presenter of tax seminars and webinars.

Jackie has presented tax training to tax practitioners, accountants, small businesses, and large corporates around the country for many years and has authored numerous books, articles, and publications in the field of taxation including Silke on South African Income Tax. She is the managing author of Silke on Tax Administration, published by LexisNexis and updated annually.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Investment

Free for Tax Technicians, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price: R495.00.
• SAIT member price: R395.00.
• Group price 1 (5 people max): R950.00.
• Group price 2 (10 people max): R1 800.00.
• Group price 3 (15 people max): R2 500.00.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.