In the news today: Restructuring of SARS halted, drought continues to wreak havoc, and IMF pats Africa on the back

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Gordhan slams on the brakes

South African Revenue Service (SARS) commissioner, Tom Moyane, has been instructed by Finance Minister, Pravin Gordhan, to halt the implementation of his ambitious restructuring plans.  READ MORE

Advisory questions you need to know the answers to

Here are four likely questions your client, in his or her thirties, may ask you: what are the most common investing mistakes? Is life insurance necessary? How does marriage and kids influence financial service needs? How does being single influence financial decisions?   READ MORE

Maize catastrophe

SA might need to import as much as 5 million tonnes of maize this year, about half its requirements, because of the worst drought in three decades, Grain SA said on Wednesday.  READ MORE

Cape Town’s water levels plummet

Cape Town intensified water restrictions as South Africa’s worst drought in more than two decades left the city’s dam levels lower than normal. Users are required to cut water consumption by 20 per cent from 10 per cent, the City of Cape Town municipality said in a statement on its website. The restrictions started on 1 January.  READ MORE

Africa on the path to economic recovery

The International Monetary Fund (IMF) is expecting modest recovery for Africa this year after the region notched up economic growth of 3.8 per cent in 2015, managing director Christine Lagarde said in Nigeria on Wednesday. READ MORE