Tag: 苏州楼凤

Tax relief for individuals, companies

first_img11 February 2009The proposed adjustments to personal income tax schedules will provide middle and lower income earners with R13.6-billion in tax relief, Finance Minister Trevor Manuel announced on Wednesday.Delivering his 2009/10 Budget speech to Parliament in Cape Town, Manuel said the adjustments to personal income tax would fully compensate South Africans for wage inflation.“The tax-free income threshold next year will be R54 200 for taxpayers below the age of 65 and R84  200 for those over 65,” he said.The tax-free threshold for the 2009/10 tax year will effectively increase from R46 000 for those below the age of 65, to R54 200.The revised estimate for tax collection for 2008/09 is R14.2-billion, which is less than the National Treasury planned in its 2008 Budget, he said.“For the year ahead, the main budget revenue estimate is R50-billion lower than we projected in February last year, against the background of slower growth, depressed trade and declining company profits.”Tax relief is also proposed for companies that invest in energy-efficient technology, with an additional allowance of 15 percent, on condition that there is proof of the resulting energy efficiencies as certified by the Energy Efficiency Agency.The minister, on the basis of a letter sent as part of the “Tips for Trevor” initiative, said he had also proposed a tax on companies using incandescent light bulbs, in an effort to get people to make use of energy saving compact fluorescent light bulbs.Taxes on petrol and diesel will increase by 40.5 and 41.5 cents per litre respectively, the minister announced, adding that road users would have to fork out an additional 23 cents and 24 cents per litre as well for fuel levies.“As road-users know, there is a substantial increase in spending on maintenance and construction under way, and we still face a heavy burden of road accidents and associated compensation claims.“These are costs that have to be covered, and so there will be increases of 17.5 cents in the road accident fund levy.”As per the 2009/10 Budget proposals, a packet of cigarettes will now cost 88 cents more, a 750ml bottle of natural wine will cost 10.5 cents more, a 340ml can of beer will cost 7 cents more, and a 750ml bottle of liquor such as whiskey will cost consumers R3.21 more, he announced.Manuel said that after discussions with both organised labour and the mining industry, and taking into account the impact of the economic slowdown on the mining industry, he proposed that the new mining royalties regime be deferred to 2010.“This provides a boost to the industry of about R1.8-billion [which would have been paid to government], which will assist in minimising job losses,” he said.Source: BuaNewslast_img read more

South Africa entrepreneurs get online access to 200 lenders

first_imgDid you know that there is a website where small business owners who are looking for funding are connected to 200 lenders? They can also access government grants through the site.The Finfind Easy website was created to meet the needs of small business owners who are looking for funding and the 200 lenders who are looking for entrepreneurs to whom they can lend money. (Image: Melissa Javan)Melissa JavanThere were 200 lenders in South Africa and the majority of people who were looking for funding did not even know this, said Darlene Menzies, CEO of Finfind Easy. Menzies was one of the speakers at the ninth annual National Small Business Chamber Summit.The summit was held on 15 and 16 February 2017. Menzies’ topic was “How to access more than 200 lenders for start-up and growth finance for your small business”.“Fast track your business”Topics discussed in summit sessions included “Rethink marketing for the digital age” and “Go global and grow your business”.Attendees showed much interest in sessions such as “Fast-track your business with social media”, filling the conference rooms to overflowing. Many sat on the floor to listen to speakers such as Leanne Rhodes. She talked about marketing your business on social media.According to the National Small Business Chamber (NSBC), 32,127 people had registered for the two-day conference by 7 February. Of them, 14,806 were existing business owners and 17,321 were about to start a business. Attendees also had access for example to the a business expo hosted at the summit.Perseverance, Passion and Persistence are the basis of success@MikeAnderson#nsbcsummit#flamBOYantSA pic.twitter.com/ioOi5S92zn— FlamBOYant_SA (@FlamBOYant_SA) February 16, 2017In less than 2 hours, a website was built for an SME! Want to know how? Visit our stand to find out. #DigitalIdeas #NSBCSummit #BYBO pic.twitter.com/IAMH58ztpL— MTN Business SA (@MTNBusinessZA) February 15, 2017Mobile is the fastest growing technology … @Linah Maigurira #nsbcsummit pic.twitter.com/3lbZ5FPLhM— Angela Dudu Buthelez (@Angela_Buthelez) February 15, 2017Access to funding wantedMenzies talked about the NSBC’s survey released last year, in which more than 10,000 business owners took part. It asked entrepreneurs what the NSBC could focus on more. “The number one answer (was) access to finance. The survey also said that the majority of the people who applied for funding last year went to banks and the government.”The challenge of most entrepreneurs was that they did not know about other lenders, she said.Hundreds of lending products availableAccording to Menzies, there are 350 lending products in South Africa. “A lot of these lenders do not meet their KPIs (key performance indicators) because they are struggling to find SMMEs to whom they can lend.“They receive large volumes of loan applications, but only find a small percentage to lend to. They have a shortage of viable ideas. They’re lending to get a return,” she said. “They need to finance ready and bankable businesses.”Finfind Easy, she explained, was a website that connected entrepreneurs who were looking for funding with lenders. It was free and easy to use. The initiative is sponsored by USAid, the Small Enterprise Development Agency and the Department of Small Business Development. The site was updated daily, and included government grants and loan offerings.“It’s the only website of its kind in the country. We already have 5,000 users.”There were 64 funds available for starting a business, 109 funds available for growing a start-up, 26 funds available for completing a contract, 73 funds available for buying equipment, and 180 funds available for expanding a business, Menzies said.It meets your needsThe site asked questions of the user such as “How much do you need, how long have you run your business, what is the funding for, and what is your average turnover?”And there were no right or wrong answers. “If you are not profitable, there are funds for you. If you don’t have all the documents, the system will help you,” Menzies said. “Your company number is needed.”Small business owners could also learn about finance on the website, for example the different types of lenders and the different types of finance available.You can access the website, here.Would you like to use this article in your publication or on your website? See Using Brand South Africa materiallast_img read more

Quinto saves Letran late, outwits Perpetual for 3rd straight win

first_imgCatriona Gray spends Thanksgiving by preparing meals for people with illnesses Typhoon Kammuri accelerates, gains strength en route to PH LATEST STORIES Don’t miss out on the latest news and information. K-pop star Jung Joon-young convicted of gang rape, spycam crimes WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding SEA Games in Calabarzon safe, secure – Solcom chief View comments AVC: PH yields to unbeaten Kazakhstan, still moves on to QF UPLB exempted from SEA Games class suspension LETRAN 63 – Quinto 14, Nambatac 12, Balanza 12, Calvo 11, Pascual 5, Vacaro 4, Ambohot 2, Balagasay 2, Caralipio 1, Taladua 0, Bernabe 0.PERPETUAL 61 – Eze 18, Dagangon 10, Ylagan 7, Yuhico 5, Sadiwa 5, Tamayo 5, Coronel 4, Hao 3, Pido 2, Mangalino 2, Singontiko 0, Lucente 0.Quarters: 14-7, 24-19, 39-36, 63-61.center_img Bong Quinto. Photo by Tristan Tamayo/ INQUIRER.netBong Quinto drilled the go-ahead layup in the waning seconds to lift Letran to a thrilling 63-61 win over Perpetual Friday for the Knights’ third straight victory in the NCAA Season 93 men’s basketball tournament at Filoil Flying V Centre in San Juan.The fourth-year forward shrugged off an inadvertent elbow from Prince Eze and scored off an assist from Rey Nambatac to push the Knights up, 63-61, with 12.6 seconds to spare.ADVERTISEMENT LOOK: Venues for 2019 SEA Games Brace for potentially devastating typhoon approaching PH – NDRRMC Eze muffed a hook shot in the ensuing possession, but King Caralipio dove for the leather and forced a jumpball, with the possession arrow awarding the ball to Letran.Quinto, though, committed a huge miscue as he inbounded the ball to Rey Nambatac in the backcourt with 2.6 ticks left which kept the window wide open for the Altas.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutUnfortunately, Gab Dagangon could not gather the ball from GJ Ylagan’s inbound pass as Letran kept its winning streak.Quinto paced the Knights with 14 points, nine rebounds, and three assists, while Nambatac got a huge double-double of 12 markers, 15 boards, and three dimes in the win to pull their side up to 4-3. Read Next For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. “The tempo of the game wasn’t favoring us, but luckily, the boys didn’t give up even though Perpetual was making a rally. Credit to them because they really worked hard to get the win,” said coach Jeff Napa. “They didn’t give up and they showed the character of the team, especially our veterans. They really stood up and led our team.”Jerrick Balanza chimed in 12 points and two rebounds, as JP Calvo got 11 markers, with his biggest bucket coming in the final 1:33 as he drained the game-tying corner three to knot the score at 61 and set up the tight finish.Eze led the skidding Perpetual with 18 points, 16 rebounds, and two blocks, while Dagangon got 10 markers and four boards.The Altas have now lost back-to-back games, sending them sprawling to a 2-4 card.The Scores:ADVERTISEMENT MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Gameslast_img read more

Sixers GM: ’Talk of playoffs is getting a little ahead of ourselves’

first_imgSports Related Videospowered by AdSparcRead Next Pagasa: Kammuri now a typhoon, may enter PAR by weekend Prized center Joel Embiid headlines the Sixers’ crop of young promising players.  APBetter days are certainly coming for the “City of Brotherly Love,” as many believe that the Philadelphia 76ers’ talented youth movement will be enough to push them into playoff contention this upcoming NBA season.With the likes of Joel Embiid, Dario Saric, Ben Simmons and Markelle Fultz in the fold—plus the fact that several big names have moved from the Eastern Conference to the West—a playoff run is becoming a more distinct possibility for the franchise.ADVERTISEMENT Jazz moving on from Hayward, but timing is ‘problematic’ “We want to take this a step at a time,”  Colangelo explained. “We want to go about it the right way, with patience and the proper focus, and the focus is on taking that next step forward.”Although the team’s talent pool is indeed something to marvel at, both Fultz and Simmons have yet to log in a minute in an official NBA game, while Embiid has battled injuries throughout his budding career.Still, the East seems to be wide open for new contenders this year, with stalwarts Paul George and Paul Millsap moving to the West coast.Aside from its promising core, the Sixers also recently picked up solid veterans like sharpshooter J.J Redick and dependable big man Amir Johnson.  Khristian Ibarrola /raADVERTISEMENT However, current Sixers General Manager and President of Basketball Operations Brian Colangelo is asking fans to temper their expectations for the time being.“I think any talk of playoffs is getting a little ahead of ourselves,” said Colangelo, according to NBA.com’s Scott Howard-Cooper.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“The East is definitely in flux right now and a lot of changes are happening,” he added. “A lot of changes are happening to this roster and we’re not going to know what we have until we actually play some games, when we get together in the fall and we go through a camp and we start to play live NBA games.”The entire city of Philadelphia, meanwhile, is fully embracing its “Trust the Process” mantra, which was popularized by former executive Sam Hinkie as a precaution for fans to be patient during the team’s consecutive losing seasons. Nikki Valdez rushes self to ER due to respiratory tract infection View comments Don’t miss out on the latest news and information. Another vape smoker nabbed in Lucenacenter_img LATEST STORIES MOST READ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games LOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera Pagasa: Kammuri now a typhoon, may enter PAR by weekend Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ China furious as Trump signs bills in support of Hong Kong Lacson: SEA Games fund put in foundation like ‘Napoles case’last_img read more

10 months agoMinotti warns Cagliari midfielder Nicolo Barella against Chelsea move

first_imgMinotti warns Cagliari midfielder Nicolo Barella against Chelsea moveby Paul Vegas10 months agoSend to a friendShare the loveFormer Italy international Lorenzo Minotti has warned Cagliari midfielder Nicolo Barella against a move to Chelsea.Minotti, who used to play for Cagliari, has questioned whether Barella would get a game with the Blues.He told TMW: “Risk of a [Marco] Verratti-situation? The Premier [League] is a competitive championship.”Now the Italian teams are not ready to spend a similar amount, and those with chances [to] have [full squads].”If he goes to Chelsea he will struggle to find a starting shirt and be ready for the national team.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img